Stock Rating Downgrade
The Value Trend Rating for SEMPRA ENERGY (NYSE: SRE) weakened in recent days from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
SEMPRA ENERGY (NYSE: SRE) stock declined modestly by -1.0% on 3/1/24. The stock closed at $69.87. Trading volume in this decline was normal. The stock has performed in line with the market over the last nine months and has declined -2.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, SRE is expected to continue to be an important Value Builder.
SEMPRA ENERGY has a current Value Trend Rating of C (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. SEMPRA ENERGY has a neutral Power Rating of 52 and a neutral Appreciation Score of 57, producing the Neutral Value Trend Rating.
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