Wells Fargo analyst Sarah Akers downgraded Sempra Energy (NYSE: SRE) to Hold yesterday. The company’s shares closed yesterday at $117.19.
According to TipRanks.com, Akers is a 3-star analyst with an average return of 13.1% and a 66.7% success rate. Akers covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Dominion Resources, and Northwest Gas.
Sempra Energy has an analyst consensus of Moderate Buy, with a price target consensus of $118.67.
See today’s analyst top recommended stocks >>
Based on Sempra Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.97 billion and net profit of $375 million. In comparison, last year the company earned revenue of $3.03 billion and had a net profit of $441 million.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Sempra Energy is an energy-service holding company, whose operating units invests in, developing and operating energy infrastructure, and provide gas and electricity services to their customers in North and South America.
