Pachira Investments Inc. Sells 212 Shares of Sempra (NYSE:SRE)

Pachira Investments Inc. decreased its holdings in Sempra (NYSE:SRE) by 7.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,690 shares of the utilities provider’s stock after selling 212 shares during the period. Pachira Investments Inc.’s holdings in Sempra were worth $235,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SRE. Unigestion Holding SA bought a new stake in shares of Sempra in the 3rd quarter valued at approximately $33,023,000. Geneos Wealth Management Inc. lifted its position in Sempra by 633.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 29,917 shares of the utilities provider’s stock worth $2,624,000 after buying an additional 25,838 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Sempra by 8.8% during the third quarter. JPMorgan Chase & Co. now owns 3,428,132 shares of the utilities provider’s stock worth $286,695,000 after buying an additional 278,183 shares during the period. PNC Financial Services Group Inc. boosted its stake in Sempra by 1.9% during the third 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 period. Finally, Kovitz Investment Group Partners LLC bought a new position in Sempra during the third quarter valued at $675,000. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Sempra Stock Up 0.1 %

NYSE:SRE opened at $82.07 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.47. Sempra has a 1-year low of $66.40 and a 1-year high of $95.77. The company has a 50-day moving average of $85.40 and a 200 day moving average of $84.55. The firm has a market cap of $51.99 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 2.09 and a beta of 0.78.

Analyst Ratings Changes

SRE has been the subject of several analyst reports. 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. Morgan Stanley upgraded Sempra from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $85.00 to $98.00 in a research report on Friday, December 13th. Jefferies Financial Group began coverage on Sempra in a report on Thursday, October 24th. They issued a “buy” rating and a $98.00 price target on the stock. Wells Fargo & Company boosted their price objective on Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Barclays reduced their target price on Sempra from $99.00 to $95.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.20.

Insider Activity

In other Sempra news, CEO Jeffrey W. Martin sold 49,737 shares of Sempra stock in a transaction dated 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 in the company, valued at $165.88. The trade was a 100.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Trevor I. Mihalik sold 23,713 shares of the business’s stock in a transaction dated 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 completion of the transaction, the vice president now owns 11,190 shares of the company’s stock, valued at $1,041,677.10. This represents a 67.94 % 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.

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.