Morgan Stanley Maintains Equal-Weight Rating for Sempra Energy: Here's What You Need To Know

Morgan Stanley has decided to maintain its Equal-Weight rating of Sempra Energy SRE and lower its price target from $79.00 to $76.00.

Shares of Sempra Energy are trading down 0.05% over the last 24 hours, at $71.27 per share.

A move to $76.00 would account for a 6.64% increase from the current share price.

About Sempra Energy

Sempra Energy serves one of the largest utility customer bases in the United States. It distributes natural gas and electricity in Southern California and owns 80% of Oncor, a transmission and distribution business in Texas. SoCalGas and San Diego Gas & Electric distribute gas to more than 20 million customers, while Oncor serves more than 10 million Texas customers. Sempra Infrastructure partners, of which Sempra holds a controlling ownership, owns and operates liquefied natural gas facilities in North America and infrastructure in Mexico.

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.