Sempra (NYSE:SRE) Shares Sold by Telos Capital Management Inc.

Telos Capital Management Inc. cut its holdings in shares of Sempra (NYSE:SRE) by 12.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,382 shares of the utilities provider’s stock after selling 470 shares during the period. Telos Capital Management Inc.’s holdings in Sempra were worth $297,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SRE. Unigestion Holding SA acquired a new stake in Sempra in the 3rd quarter worth approximately $33,023,000. Geneos Wealth Management Inc. lifted its stake in shares of Sempra by 633.4% during 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 period. JPMorgan Chase & Co. grew its holdings in shares of Sempra by 8.8% during the third quarter. JPMorgan Chase & Co. now owns 3,428,132 shares of the utilities provider’s stock valued at $286,695,000 after buying an additional 278,183 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Sempra by 1.9% in 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 period. Finally, Kovitz Investment Group Partners LLC purchased a new position in Sempra in the 3rd quarter worth $675,000. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Sempra Trading Down 0.2 %

Shares of Sempra stock opened at $81.94 on Friday. Sempra has a fifty-two week low of $66.40 and a fifty-two week high of $95.77. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.47 and a current ratio of 0.52. The company has a market cap of $51.90 billion, a P/E ratio of 18.05, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The firm has a 50-day simple moving average of $85.64 and a two-hundred day simple moving average of $84.44.

Sempra (NYSE:SRE) last released its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.16). Sempra had a return on equity of 8.06% and a net margin of 22.63%. The business had revenue of $2.78 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same period in the previous year, the company posted $1.08 EPS. The business’s revenue for the quarter was down 16.7% compared to the same quarter last year. As a group, equities analysts predict that Sempra will post 4.77 earnings per share for the current fiscal year.

Insider Transactions at Sempra

In other news, CEO Jeffrey W. Martin sold 49,737 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $82.94, for a total transaction of $4,125,186.78. Following the completion of the sale, the chief executive officer now owns 2 shares of the company’s stock, 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 this link. Also, VP Trevor I. Mihalik sold 23,713 shares of the firm’s 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 in the company, 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. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

SRE has been the topic of a number of research reports. Barclays cut their price objective on Sempra from $99.00 to $95.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. 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 target on the stock. Morgan Stanley upgraded shares of Sempra from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $85.00 to $98.00 in a research note on Friday, December 13th. Wells Fargo & Company increased their price objective on shares of Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, BMO Capital Markets upped their price target on shares of Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a report on Monday, October 21st. 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.20.

Sempra 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.