As previously reported before the open, Argus analyst Marie Ferguson downgraded Sempra Energy (SRE) to Hold from Buy. The firm is lowering its rating following the share’s “strong response to slow results and negative guidance,” noting that the company is projecting negative year-over-year earnings comparisons in 2025 versus 2024. The firm expects 2025 to be “a rebuilding period” with a return to growth as 2026 progresses, the analyst tells investors. The firm’s 2025 adjusted EPS estimate is $4.48, down from $5.12 previously, while its 2026 estimate of $5.00 per share implies 12% growth over its 2025 estimate.
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