Insider Selling: Sempra (NYSE:SRE) SVP Sells 2,755 Shares of Stock

Sempra (NYSE:SRE - Get Free Report) SVP Alexander Lisa Larroque sold 2,755 shares of the firm's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $81.93, for a total transaction of $225,717.15. Following the completion of the transaction, the senior vice president now owns 13,905 shares of the company's stock, valued at approximately $1,139,236.65. The trade was a 16.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Sempra Stock Performance

Shares of NYSE SRE traded up $0.33 during trading on Friday, reaching $84.19. 3,603,492 shares of the stock traded hands, compared to its average volume of 4,681,857. Sempra has a 52-week low of $66.40 and a 52-week high of $95.77. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.47. The company has a 50-day moving average of $84.61 and a 200-day moving average of $84.63. The stock has a market capitalization of $53.32 billion, a P/E ratio of 18.54, a price-to-earnings-growth ratio of 2.09 and a beta of 0.78.

Institutional Trading of Sempra

A number of institutional investors and hedge funds have recently modified their holdings of SRE. Unigestion Holding SA bought a new stake in shares of Sempra in the third quarter worth $33,023,000. Geneos Wealth Management Inc. grew its holdings in Sempra by 633.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 29,917 shares of the utilities provider's stock valued at $2,624,000 after purchasing an additional 25,838 shares during the period. JPMorgan Chase & Co. grew its holdings in Sempra by 8.8% during the third quarter. JPMorgan Chase & Co. now owns 3,428,132 shares of the utilities provider's stock valued at $286,695,000 after purchasing an additional 278,183 shares during the period. PNC Financial Services Group Inc. grew its holdings in Sempra by 1.9% during the third quarter. PNC Financial Services Group Inc. now owns 357,107 shares of the utilities provider's stock valued at $29,865,000 after purchasing an additional 6,709 shares during the period. Finally, Kovitz Investment Group Partners LLC bought a new stake in Sempra during the third quarter valued at about $675,000. Institutional investors own 89.65% of the company's stock.

Analyst Ratings Changes

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

About Sempra

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.