Sempra (NYSE:SRE) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its stake in shares of Sempra (NYSE:SRE - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 558,061 shares of the utilities provider's stock after selling 21,454 shares during the quarter. New York State Teachers Retirement System owned 0.09% of Sempra worth $48,953,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geneos Wealth Management Inc. lifted its holdings in shares of Sempra by 633.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 29,917 shares of the utilities provider's stock worth $2,624,000 after acquiring an additional 25,838 shares during the last quarter. Unigestion Holding SA purchased a new stake in Sempra in the third quarter worth $33,023,000. JPMorgan Chase & Co. grew its holdings in Sempra by 8.8% in the third quarter. JPMorgan Chase & Co. now owns 3,428,132 shares of the utilities provider's stock worth $286,695,000 after purchasing an additional 278,183 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Sempra by 1.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 357,107 shares of the utilities provider's stock worth $29,865,000 after buying an additional 6,709 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new stake in Sempra during the 3rd quarter valued at about $675,000. 89.65% of the stock is currently owned by institutional investors.

Sempra Trading Up 0.9 %

NYSE:SRE traded up $0.75 during midday trading on Wednesday, hitting $85.37. The stock had a trading volume of 3,154,804 shares, compared to its average volume of 4,311,469. Sempra has a one year low of $66.40 and a one year high of $95.77. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 0.89. The stock has a 50-day moving average of $84.44 and a 200 day moving average of $84.74. The company has a market capitalization of $54.07 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 2.14 and a beta of 0.78.

Insiders Place Their Bets

In other Sempra news, SVP Alexander Lisa Larroque sold 2,755 shares of Sempra stock in a transaction 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey W. Martin sold 49,737 shares of the firm'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 completion of the sale, the chief executive officer now directly owns 2 shares of the company's stock, valued at $165.88. The trade was a 100.00 % decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SRE. Barclays dropped their price target on shares of Sempra from $99.00 to $95.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. Evercore ISI raised 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. Morgan Stanley upgraded shares of Sempra from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $85.00 to $98.00 in a report on Friday, December 13th. Jefferies Financial Group began coverage on shares of Sempra in a research report on Thursday, October 24th. They issued a "buy" rating and a $98.00 price target on the stock. Finally, Wells Fargo & Company boosted their price objective on Sempra from $87.00 to $96.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price 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.