Allspring Global Investments Holdings LLC trimmed its position in shares of Sempra (NYSE:SRE - Free Report) by 5.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 277,628 shares of the utilities provider's stock after selling 16,374 shares during the period. Allspring Global Investments Holdings LLC's holdings in Sempra were worth $24,190,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Crews Bank & Trust acquired a new position in shares of Sempra during the 4th quarter valued at $26,000. Eastern Bank purchased a new stake in shares of Sempra during the third quarter valued at $28,000. Hollencrest Capital Management boosted its holdings in shares of Sempra by 250.0% in the third quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider's stock worth $32,000 after buying an additional 270 shares during the period. ST Germain D J Co. Inc. increased its position 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 worth $38,000 after acquiring an additional 300 shares in the last quarter. Finally, LRI Investments LLC raised its holdings in shares of Sempra by 180.4% during the third quarter. LRI Investments LLC now owns 443 shares of the utilities provider's stock valued at $40,000 after acquiring an additional 285 shares during the period. Institutional investors own 89.65% of the company's stock.
Insiders Place Their Bets
In other Sempra news, SVP Alexander Lisa Larroque sold 2,755 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $81.93, for a total transaction of $225,717.15. Following the sale, the senior vice president now owns 13,905 shares of the company's stock, valued at $1,139,236.65. This represents a 16.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey W. Martin sold 49,737 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer now 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. Corporate insiders own 0.27% of the company's stock.
Sempra Stock Performance
Sempra stock traded up $0.75 during trading hours on Wednesday, hitting $85.37. The stock had a trading volume of 2,004,733 shares, compared to its average volume of 4,262,752. Sempra has a fifty-two week low of $66.40 and a fifty-two week high of $95.77. The company has a market cap of $54.07 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 2.14 and a beta of 0.78. The company has a 50-day moving average of $84.44 and a two-hundred day moving average of $84.74. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 0.89.
Analysts Set New Price Targets
A number of equities analysts recently commented on SRE shares. Barclays decreased their price objective on shares of Sempra from $99.00 to $95.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. Jefferies Financial Group started coverage on Sempra in a research report on Thursday, October 24th. They issued a "buy" rating and a $98.00 target price for the company. Evercore ISI upped their price target on Sempra from $84.00 to $88.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Morgan Stanley upgraded Sempra from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $85.00 to $98.00 in a research report on Friday, December 13th. Finally, Wells Fargo & Company upped their target price on Sempra from $87.00 to $96.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $91.20.
Check Out Our Latest Analysis on Sempra
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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