Chevy Chase Trust Holdings LLC Trims Stock Position in Sempra (NYSE:SRE)

Chevy Chase Trust Holdings LLC reduced its stake in shares of Sempra (NYSE:SRE - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 332,396 shares of the utilities provider's stock after selling 7,070 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of Sempra worth $29,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Asset Planning Inc bought a new stake in Sempra in the fourth quarter worth $1,771,000. Compagnie Lombard Odier SCmA grew its stake in shares of Sempra by 11.0% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 740,649 shares of the utilities provider's stock worth $64,970,000 after buying an additional 73,670 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in shares of Sempra by 47.4% in the 4th quarter. Vontobel Holding Ltd. now owns 16,844 shares of the utilities provider's stock worth $1,478,000 after buying an additional 5,419 shares during the last quarter. G&S Capital LLC purchased a new stake in shares of Sempra during the 4th quarter valued at about $350,000. Finally, Van ECK Associates Corp lifted its holdings in shares of Sempra by 3.0% in the 4th quarter. Van ECK Associates Corp now owns 186,778 shares of the utilities provider's stock valued at $16,384,000 after acquiring an additional 5,454 shares during the last quarter. Institutional investors own 89.65% of the company's stock.

Sempra Stock Performance

Shares of NYSE SRE traded up $0.75 during midday trading on Wednesday, reaching $85.37. The company had a trading volume of 3,154,804 shares, compared to its average volume of 4,310,441. Sempra has a 1 year low of $66.40 and a 1 year high of $95.77. The business's 50-day simple moving average is $84.44 and its 200 day simple moving average is $84.74. 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 stock has a market cap of $54.07 billion, a P/E ratio of 18.80, a P/E/G ratio of 2.14 and a beta of 0.78.

Insider Activity at Sempra

In related news, SVP Alexander Lisa Larroque sold 2,755 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $81.93, for a total value of $225,717.15. Following the transaction, the senior vice president now owns 13,905 shares in the company, valued at approximately $1,139,236.65. This represents a 16.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey W. Martin sold 49,737 shares of Sempra stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $82.94, for a total transaction of $4,125,186.78. Following the sale, the chief executive officer now owns 2 shares of the company's stock, valued at approximately $165.88. The trade was a 100.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SRE has been the topic of several recent research reports. Evercore ISI increased their price target on Sempra from $84.00 to $88.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Wells Fargo & Company increased their target price on shares of Sempra from $87.00 to $96.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Jefferies Financial Group assumed coverage on shares of Sempra in a research note on Thursday, October 24th. They set a "buy" rating and a $98.00 price target for the company. Barclays reduced their target price on shares of Sempra from $99.00 to $95.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th. Finally, Morgan Stanley raised shares of Sempra from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $85.00 to $98.00 in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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.