Is there a Bearish outlook for Sempra Energy (NYSE:SRE) this week?

Marco Green
April 23, 2018

Mutual Of America Mngmt Ltd Liability holds 83,413 shares or 0.14% of its portfolio. TheStreet cut Sempra Energy from a "b-" rating to a "c" rating in a report on Tuesday, February 27th.

Shares of SRE traded down $0.56 during trading hours on Wednesday, reaching $109.81. About 2.17M shares traded or 2.33% up from the average.

Sempra Energy (NYSE:SRE) was upgraded by Zacks Investment Research from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Wednesday, March 28th. It has underperformed by 11.93% the S&P500.

Anton Schutz increased its stake in Suntrust Bks Inc (Put) (STI) by 42.97% based on its latest 2017Q4 regulatory filing with the SEC. Fred Alger Management Inc sold 8,751 shares as the company's stock rose 17.36% while stock markets declined. Colonial Trust Advisors now owns 21,884 shares of the utilities provider's stock valued at $2,339,000 after acquiring an additional 3,334 shares during the last quarter. The company has market cap of $28.98 billion. The stock decreased 0.70% or $0.89 during the last trading session, reaching $126.66. 192.21 million shares or 2.89% less from 197.93 million shares in 2017Q3 were reported. 3M Company (NYSE:MMM) has risen 13.36% since April 22, 2017 and is uptrending. Therefore 48% are positive.

According to Zacks, "Steady focus on the expansion of its renewable capacity will enable Sempra Energy to provide emission-free power to customers". Jefferies maintained Johnson & Johnson (NYSE:JNJ) on Friday, July 14 with "Hold" rating. The stock of Rent-A-Center, Inc. The stock of Sun Hydraulics Corporation (NASDAQ:SNHY) earned "Hold" rating by Robert W. Baird on Friday, January 12. Bank of America has "Hold" rating and $112.0 target. As per Tuesday, August 16, the company rating was downgraded by Bernstein. The Company's principal operating units are Sempra Utilities, which includes its San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas) and Sempra South American Utilities segments, and Sempra Infrastructure, which includes its Sempra Mexico, Sempra Renewables and Sempra LNG & Midstream segments. (NYSE:STI) rating on Monday, August 14. The company was downgraded on Tuesday, June 7 by Susquehanna. RBC Capital Markets maintained the shares of SRE in report on Sunday, November 5 with "Buy" rating. Loop Capital initiated Rent-A-Center, Inc. (NYSE:STI) rating on Friday, April 20. Capital International Investors now owns 11,467,602 shares of the utilities provider's stock worth $1,308,797,000 after acquiring an additional 1,474,282 shares in the last quarter. Its up 0.18, from 0.91 in 2017Q3. Texas Permanent School Fund invested in 68,543 shares or 0.09% of the stock. 147 funds opened positions while 416 raised stakes. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.40 by $0.14. Stockholders of record on Friday, March 23rd were issued a dividend of $0.895 per share. 122,583 were reported by First Manhattan. Assets Invest Mgmt Lc accumulated 5,000 shares. The company's revenue was up 3.3% on a year-over-year basis. equities research analysts predict that Sempra Energy will post 5.58 earnings per share for the current fiscal year. Amalgamated Bank & Trust owns 0.01% invested in HEICO Corporation (NYSE:HEI) for 4,908 shares. (NYSE:STI) for 7,685 shares. Neumann Capital Management Limited Liability Corporation reported 2,284 shares or 0.15% of all its holdings. Howe And Rusling Inc holds 70 shares. Vanguard Grp Incorporated reported 18.38 million shares stake. Chesapeake Asset Llc accumulated 1,429 shares or 0.32% of the stock. Jpmorgan Chase, New York-based fund reported 1.32M shares. The Ontario - Canada-based Agf Invests has invested 0.06% in HEICO Corporation (NYSE:HEI). Pinebridge Limited Partnership reported 1,842 shares. The Tennessee-based Barnett And Com has invested 0.01% in SunTrust Banks, Inc. Mastrapasqua Asset Mgmt reported 34,715 shares. It also upped Targa Res Corp (NYSE:TRGP) stake by 376,574 shares and now owns 2.60 million shares.

Since January 23, 2018, it had 0 buys, and 3 selling transactions for $1.29 million activity. (NASDAQ:RCII) on Wednesday, February 21 with "Sell" rating. Chancy Mark A had sold 7,500 shares worth $525,975.

Investors sentiment increased to 0.83 in 2017 Q4. Its up 0.08, from 1.19 in 2017Q3.

Several institutional investors have recently added to or reduced their stakes in SRE. Legal And General Public Ltd Co reported 2.04 million shares. Willis Counsel has invested 2.41% in Johnson & Johnson (NYSE:JNJ). Meyer Handelman has invested 0.22% in Sempra Energy (NYSE:SRE). Shell Asset Mgmt holds 0.11% or 52,286 shares in its portfolio. Bnp Paribas Arbitrage Sa reported 157,656 shares. This is a positive change from Sempra Energy's previous quarterly dividend of $0.82. Winslow Evans Crocker holds 336 shares. Bailard has invested 0.85% of its portfolio in Johnson & Johnson (NYSE:JNJ). Sempra Energy is focused on adding solar, wind and hydro assets to its portfolio. Lord Abbett And Limited Liability Company holds 0.26% or 840,033 shares. Toth Finance Advisory holds 0.01% or 528 shares in its portfolio.

Among 9 analysts covering Sempra Energy (NYSE:SRE), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Sempra Energy had 21 analyst reports since September 15, 2015 according to SRatingsIntel. The stock has "Outperform" rating by Wells Fargo on Wednesday, February 28. The firm has "Outperform" rating given on Tuesday, October 10 by Wells Fargo. Five analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The firm has "Outperform" rating by RBC Capital Markets given on Monday, January 25. Loop Capital Markets maintained Rent-A-Center, Inc. They see Sempra Energy (SRE) price hitting a mean target of $120.2 a share, meaning the stock still has potential that could lift the price another 8.91% Also, the recent close suggests the stock is underpriced by 16.88% compared to the most bullish target. REED DEBRA L sold $5.51M worth of Sempra Energy (NYSE:SRE) on Thursday, April 5.

Since April 5, 2018, it had 0 insider buys, and 2 sales for $5.94 million activity. ROWLAND G JOYCE had sold 3,948 shares worth $433,530. It also increased its holding in Ishares Tr (IJJ) by 2,806 shares in the quarter, for a total of 21,165 shares, and has risen its stake in Apple Inc (NASDAQ:AAPL).

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