New York State Common Retirement Fund increased its stake in shares of Sempra (NYSE:SRE - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 774,797 shares of the utilities provider's stock after purchasing an additional 17,400 shares during the quarter. New York State Common Retirement Fund owned approximately 0.12% of Sempra worth $67,965,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its position in Sempra by 0.4% during the 3rd quarter. Wellington Management Group LLP now owns 34,324,893 shares of the utilities provider's stock worth $2,870,591,000 after purchasing an additional 128,847 shares in the last quarter. State Street Corp grew its holdings in Sempra by 4.9% in the 3rd quarter. State Street Corp now owns 32,940,620 shares of the utilities provider's stock valued at $2,774,974,000 after buying an additional 1,539,026 shares during the period. FMR LLC grew its holdings in shares of Sempra by 9.1% during the 3rd quarter. FMR LLC now owns 18,978,605 shares of the utilities provider's stock worth $1,587,181,000 after purchasing an additional 1,582,653 shares during the period. Geode Capital Management LLC grew its holdings in shares of Sempra by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 12,761,872 shares of the utilities provider's stock worth $1,063,007,000 after purchasing an additional 145,873 shares during the period. Finally, Franklin Resources Inc. grew its holdings in shares of Sempra by 1.7% during the 3rd quarter. Franklin Resources Inc. now owns 7,695,988 shares of the utilities provider's stock worth $639,921,000 after purchasing an additional 129,891 shares during the period. Hedge funds and other institutional investors own 89.65% of the company's stock.
Insider Activity
In related news, SVP Alexander Lisa Larroque sold 2,755 shares of the company's stock in a transaction on 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 directly owns 13,905 shares in the company, valued at $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 is available through this hyperlink. Also, CEO Jeffrey W. Martin sold 49,737 shares of the company's stock in a transaction on 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 transaction, 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. Company insiders own 0.24% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the company. Wells Fargo & Company boosted their target price on Sempra from $87.00 to $96.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Evercore ISI boosted their target price on Sempra from $84.00 to $88.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Morgan Stanley raised Sempra from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $85.00 to $98.00 in a research report on Friday, December 13th. Jefferies Financial Group initiated coverage on Sempra in a research report on Thursday, October 24th. They set a "buy" rating and a $98.00 price target on the stock. Finally, Barclays reduced their price target on Sempra from $99.00 to $95.00 and set an "overweight" rating on the stock in a research report on Monday, January 27th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $91.20.
Check Out Our Latest Stock Report on SRE
Sempra Stock Up 1.0 %
Shares of SRE traded up $0.86 during trading on Friday, reaching $86.87. The company's stock had a trading volume of 1,814,820 shares, compared to its average volume of 4,176,399. The company has a fifty day moving average of $84.36 and a two-hundred day moving average of $84.75. Sempra has a twelve month low of $66.40 and a twelve month high of $95.77. The company has a market cap 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. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 0.89.
About Sempra
(
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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