Cambiar Investors LLC Reduces Position in Sempra (NYSE:SRE)

Cambiar Investors LLC trimmed its position in shares of Sempra (NYSE:SRE - Free Report) by 24.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 533,075 shares of the utilities provider's stock after selling 174,471 shares during the quarter. Sempra makes up approximately 1.9% of Cambiar Investors LLC's investment portfolio, making the stock its 21st largest position. Cambiar Investors LLC owned about 0.08% of Sempra worth $46,761,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Crews Bank & Trust acquired a new position in Sempra during the fourth quarter worth $26,000. Eastern Bank acquired a new position in Sempra during the third quarter worth $28,000. Hollencrest Capital Management boosted its stake in Sempra by 250.0% during the third quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider's stock worth $32,000 after buying an additional 270 shares during the last quarter. ST Germain D J Co. Inc. boosted its stake in Sempra by 225.6% during the fourth quarter. ST Germain D J Co. Inc. now owns 433 shares of the utilities provider's stock worth $38,000 after buying an additional 300 shares during the last quarter. Finally, LRI Investments LLC boosted its stake in Sempra by 180.4% during the third quarter. LRI Investments LLC now owns 443 shares of the utilities provider's stock worth $40,000 after buying an additional 285 shares during the last quarter. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

Sempra Trading Up 0.4 %

SRE traded up $0.33 during mid-day trading on Friday, hitting $84.19. 3,603,492 shares of the stock were exchanged, compared to its average volume of 4,376,073. The firm's fifty day moving average is $84.72 and its two-hundred day moving average is $84.60. Sempra has a 1-year low of $66.40 and a 1-year high of $95.77. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.89. The company has a market cap of $53.32 billion, a PE ratio of 18.54, a PEG ratio of 2.09 and a beta of 0.78.

Insider Buying and Selling

In other Sempra news, VP Trevor I. Mihalik sold 23,713 shares of the company's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $93.09, for a total transaction of $2,207,443.17. Following the sale, the vice president now owns 11,190 shares in the company, valued at $1,041,677.10. This represents a 67.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey W. Martin sold 49,737 shares of the company's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $82.94, for a total value of $4,125,186.78. Following the sale, the chief executive officer now owns 2 shares in the company, valued at approximately $165.88. This trade represents a 100.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,205 shares of company stock valued at $6,558,347. Corporate insiders own 0.24% of the company's stock.

Analyst Ratings Changes

SRE has been the topic of a number of recent research reports. Jefferies Financial Group initiated coverage on Sempra in a research note on Thursday, October 24th. They set a "buy" rating and a $98.00 price objective on the stock. BMO Capital Markets upped their price target on Sempra from $93.00 to $96.00 and gave the company an "outperform" rating in a research note on Monday, October 21st. Barclays decreased their price target on Sempra from $99.00 to $95.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. Morgan Stanley raised Sempra from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $85.00 to $98.00 in a research note on Friday, December 13th. Finally, Wells Fargo & Company upped their price target on Sempra from $87.00 to $96.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $91.20.

Sempra Profile

Sempra operates as an energy infrastructure company in the United States and internationally. It operates through three segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. The Sempra California segment provides electric services; and natural gas services to San Diego County.