SG Americas Securities LLC Lowers Stake in Sempra (NYSE:SRE)

SG Americas Securities LLC lessened its holdings in shares of Sempra (NYSE:SRE - Free Report) by 86.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,877 shares of the utilities provider's stock after selling 12,155 shares during the quarter. SG Americas Securities LLC's holdings in Sempra were worth $165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Unigestion Holding SA purchased a new stake in Sempra during the 3rd quarter valued at approximately $33,023,000. JPMorgan Chase & Co. raised its holdings in shares of Sempra by 8.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,428,132 shares of the utilities provider's stock worth $286,695,000 after acquiring an additional 278,183 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Sempra by 1.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 357,107 shares of the utilities provider's stock valued at $29,865,000 after acquiring an additional 6,709 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new position in shares of Sempra in the third quarter valued at $675,000. Finally, Sanctuary Advisors LLC lifted its position in Sempra by 14.4% during the third quarter. Sanctuary Advisors LLC now owns 190,714 shares of the utilities provider's stock valued at $15,949,000 after purchasing an additional 23,970 shares during the last quarter. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Barclays lowered their price target on shares of Sempra from $99.00 to $95.00 and set an "overweight" rating for the company in a report on Monday, January 27th. BMO Capital Markets raised their target price on shares of Sempra from $93.00 to $96.00 and gave the stock an "outperform" rating in a report on Monday, October 21st. Jefferies Financial Group assumed coverage on shares of Sempra in a research note on Thursday, October 24th. They issued a "buy" rating and a $98.00 price objective for the company. Morgan Stanley raised Sempra from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $85.00 to $98.00 in a research note on Friday, December 13th. Finally, Wells Fargo & Company raised their price target on Sempra from $87.00 to $96.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. According to data from MarketBeat, Sempra presently has a consensus rating of "Moderate Buy" and an average target price of $91.20.

Sempra Stock Up 1.1 %

Shares of SRE stock traded up $0.95 on Thursday, hitting $83.88. The stock had a trading volume of 2,890,950 shares, compared to its average volume of 4,402,702. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 0.89. Sempra has a one year low of $66.40 and a one year high of $95.77. The business has a 50 day moving average price of $84.86 and a 200 day moving average price of $84.61. The company has a market cap of $53.13 billion, a PE ratio of 18.48, a P/E/G ratio of 2.09 and a beta of 0.78.

Insider Transactions at Sempra

In related news, VP Trevor I. Mihalik sold 23,713 shares of the business's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $93.09, for a total transaction of $2,207,443.17. Following the transaction, the vice president now directly owns 11,190 shares in the company, valued at $1,041,677.10. The trade was a 67.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Alexander Lisa Larroque sold 2,755 shares of the business'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 sale, the senior vice president now owns 13,905 shares in the company, valued at $1,139,236.65. The trade was a 16.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,205 shares of company stock valued at $6,558,347. Company insiders own 0.24% of the company's stock.

Sempra Company 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.