Kentucky Retirement Systems Insurance Trust Fund reduced its position in shares of Sempra (NYSE:SRE - Free Report) by 57.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,049 shares of the utilities provider's stock after selling 10,697 shares during the period. Kentucky Retirement Systems Insurance Trust Fund's holdings in Sempra were worth $722,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in SRE. Crews Bank & Trust purchased a new stake in shares of Sempra in the fourth quarter valued at approximately $26,000. Eastern Bank acquired a new position in Sempra during the third quarter worth $28,000. Human Investing LLC acquired a new position in Sempra during the fourth quarter worth $31,000. Hollencrest Capital Management raised its stake in shares of Sempra by 250.0% in the third quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider's stock valued at $32,000 after acquiring an additional 270 shares in the last quarter. Finally, ST Germain D J Co. Inc. raised its stake in shares of Sempra by 225.6% in the fourth quarter. ST Germain D J Co. Inc. now owns 433 shares of the utilities provider's stock valued at $38,000 after acquiring an additional 300 shares in the last quarter. 89.65% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, CEO Jeffrey W. Martin sold 49,737 shares of the firm's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $82.94, for a total transaction of $4,125,186.78. Following the transaction, the chief executive officer now owns 2 shares of the company's stock, valued at $165.88. This trade represents a 100.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 value of $225,717.15. Following the transaction, the senior vice president now directly owns 13,905 shares in the company, valued at approximately $1,139,236.65. This represents a 16.54 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company's stock.
Sempra Stock Performance
Shares of SRE stock traded up $0.86 during mid-day trading on Friday, hitting $86.87. 1,814,820 shares of the stock were exchanged, compared to its average volume of 4,176,399. The stock's fifty day simple moving average is $84.36 and its two-hundred day simple moving average is $84.75. The stock has a market capitalization of $55.02 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 2.17 and a beta of 0.78. Sempra has a 12-month low of $66.40 and a 12-month high of $95.77. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.47 and a current ratio of 0.52.
Analysts Set New Price Targets
SRE has been the topic of several analyst reports. Wells Fargo & Company increased their price objective on Sempra from $87.00 to $96.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Barclays cut 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 upgraded 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 research note on Friday, December 13th. Jefferies Financial Group assumed 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, Evercore ISI raised their price target on Sempra from $84.00 to $88.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Sempra has a consensus rating of "Buy" and a consensus price target of $91.20.
Check Out Our Latest Stock Analysis on SRE
Sempra Company Profile
(
Free Report)
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.
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