New Mexico Educational Retirement Board Decreases Holdings in Sempra (NYSE:SRE)

New Mexico Educational Retirement Board trimmed its stake in Sempra (NYSE:SRE) by 2.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,182 shares of the utilities provider’s stock after selling 800 shares during the period. New Mexico Educational Retirement Board’s holdings in Sempra were worth $2,648,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wellington Management Group LLP increased its stake 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 in the last quarter. State Street Corp increased its stake in shares of Sempra by 4.9% in the 3rd 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 in the last quarter. FMR LLC increased its stake in shares of Sempra by 9.1% in the 3rd 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. Geode Capital Management LLC increased its stake in shares of Sempra by 1.2% in 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 purchasing an additional 145,873 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Sempra by 1.7% in the 3rd 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.

Sempra Stock Up 0.4 %

SRE opened at $84.19 on Friday. 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 52 week low of $66.40 and a 52 week high of $95.77. The firm has a 50-day simple moving average of $84.61 and a two-hundred day simple moving average of $84.63. The company has a market capitalization of $53.32 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 2.09 and a beta of 0.78.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SRE. Barclays cut their price target on Sempra from $99.00 to $95.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Evercore ISI increased their price target on Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Morgan Stanley upgraded Sempra from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $85.00 to $98.00 in a research note on Friday, December 13th. BMO Capital Markets increased their price target on Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Finally, Wells Fargo & Company increased 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 research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.20.

Insider Activity at Sempra

In related 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 value of $225,717.15. Following the completion of the transaction, the senior vice president now owns 13,905 shares of the company’s stock, valued at approximately $1,139,236.65. This trade represents a 16.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Trevor I. Mihalik sold 23,713 shares of the stock in a transaction dated Wednesday, November 20th. The shares were 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 directly owns 11,190 shares of the company’s stock, valued at approximately $1,041,677.10. The trade was a 67.94 % 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. 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.