Portfolio Design Labs LLC Has $2.20 Million Holdings in Sempra (NYSE:SRE)

Portfolio Design Labs LLC boosted its holdings in Sempra (NYSE:SRE - Free Report) by 24.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,107 shares of the utilities provider's stock after buying an additional 4,924 shares during the period. Portfolio Design Labs LLC's holdings in Sempra were worth $2,202,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Wellington Management Group LLP raised its holdings in shares of Sempra by 0.4% in 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 during the period. State Street Corp increased its position in shares of Sempra by 4.9% during the third quarter. State Street Corp now owns 32,940,620 shares of the utilities provider's stock worth $2,774,974,000 after acquiring an additional 1,539,026 shares during the last quarter. FMR LLC boosted its stake 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 valued at $1,587,181,000 after buying an additional 1,582,653 shares during the last quarter. Geode Capital Management LLC grew its holdings in 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 acquiring an additional 145,873 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in Sempra by 1.7% in the third 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 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 business'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 completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Alexander Lisa Larroque sold 2,755 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 13,905 shares of the company's stock, valued at $1,139,236.65. This represents a 16.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 76,205 shares of company stock valued at $6,558,347 over the last ninety days. Corporate insiders own 0.24% of the company's stock.

Sempra Stock Up 0.4 %

NYSE SRE traded up $0.33 on Friday, reaching $84.19. The stock had a trading volume of 3,603,492 shares, compared to its average volume of 4,681,857. The business has a 50 day moving average price of $84.61 and a 200 day moving average price of $84.63. Sempra has a 1 year low of $66.40 and a 1 year high of $95.77. The company has a market capitalization of $53.32 billion, a price-to-earnings ratio of 18.54, a P/E/G ratio of 2.09 and a beta of 0.78. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.89.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Barclays lowered their target price 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. BMO Capital Markets boosted their price target on Sempra from $93.00 to $96.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Jefferies Financial Group began coverage on shares of Sempra in a report on Thursday, October 24th. They issued a "buy" rating and a $98.00 price objective for the company. Evercore ISI lifted 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. Finally, Morgan Stanley upgraded Sempra from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $85.00 to $98.00 in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently 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.