Sempra (NYSE:SRE) SVP Sells $225,717.15 in Stock

Sempra (NYSE:SRE) SVP Alexander Lisa Larroque sold 2,755 shares of Sempra stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $81.93, for a total transaction of $225,717.15. Following the completion of the sale, the senior vice president now directly owns 13,905 shares in the company, valued at $1,139,236.65. This trade represents a 16.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Sempra Stock Performance

NYSE SRE opened at $82.95 on Thursday. The company’s 50 day simple moving average is $85.03 and its two-hundred day simple moving average is $84.62. 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 stock has a market capitalization of $52.54 billion, a PE ratio of 18.27, a P/E/G ratio of 2.09 and a beta of 0.78.

Institutional Investors Weigh In On Sempra

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new position in Sempra during the fourth quarter worth about $1,535,000,000. Wellington Management Group LLP boosted its position in shares of Sempra by 11.9% during the 4th quarter. Wellington Management Group LLP now owns 38,407,154 shares of the utilities provider’s stock valued at $3,369,076,000 after acquiring an additional 4,082,261 shares during the last quarter. FMR LLC grew its holdings in shares of Sempra by 9.1% during the third quarter. FMR LLC now owns 18,978,605 shares of the utilities provider’s stock worth $1,587,181,000 after purchasing an additional 1,582,653 shares in the last quarter. State Street Corp increased its position in shares of Sempra by 4.9% in the third quarter. State Street Corp now owns 32,940,620 shares of the utilities provider’s stock worth $2,774,974,000 after purchasing an additional 1,539,026 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Sempra in the fourth quarter valued at approximately $123,614,000. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Jefferies Financial Group started coverage on Sempra in a research report on Thursday, October 24th. They set a “buy” rating and a $98.00 price target on the stock. Morgan Stanley raised shares of Sempra from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $85.00 to $98.00 in a report on Friday, December 13th. Wells Fargo & Company increased their target price on shares of Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Barclays lowered their price target on shares of Sempra from $99.00 to $95.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Finally, Evercore ISI raised their price objective on shares of Sempra from $84.00 to $88.00 and gave the stock an “outperform” 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $91.20.

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.