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Sempra Energy (NYSE:SRE) was downgraded by equities researchers at Citigroup Inc. from a “buy” rating to a “neutral” rating in a research report issued on Thursday, TheFlyOnTheWall.com reports.

Shares of Sempra Energy (NYSE:SRE) traded up 0.51% on Thursday, hitting $92.90. 1,656,607 shares of the company’s stock traded hands. Sempra Energy has a 52 week low of $75.24 and a 52 week high of $94.44. The stock’s 50-day moving average is $91. and its 200-day moving average is $88.22. The company has a market cap of $22.681 billion and a price-to-earnings ratio of 22.80.

SRE has been the subject of a number of other recent research reports. Analysts at Wells Fargo & Co. initiated coverage on shares of Sempra Energy in a research note on Thursday. They set an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Sempra Energy in a research note on Tuesday, February 4th. They now have a $97.00 price target on the stock. Finally, analysts at ISI Group raised their price target on shares of Sempra Energy from $87.00 to $95.00 in a research note on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $93.88.

Sempra Energy is a holding company. During the year ended December 31, 2011, Sempra Energy’s business was organized in five segments: San Diego Gas & Electric Company (NYSE:SRE), Southern California Gas Company (SoCalGas), Sempra Generation, Sempra Pipelines & Storage and Sempra LNG (liquefied natural gas).

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