Sempra (NYSE:SRE) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. reduced its position in Sempra (NYSE:SRE) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,209 shares of the utilities provider’s stock after selling 542 shares during the quarter. Hartford Investment Management Co.’s holdings in Sempra were worth $3,439,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Private Advisor Group LLC grew its position in Sempra by 1.6% in the 3rd quarter. Private Advisor Group LLC now owns 8,742 shares of the utilities provider’s stock valued at $731,000 after acquiring an additional 139 shares in the last quarter. LVM Capital Management Ltd. MI grew its position in Sempra by 2.4% in the 4th quarter. LVM Capital Management Ltd. MI now owns 6,677 shares of the utilities provider’s stock valued at $586,000 after acquiring an additional 155 shares in the last quarter. Kingsview Wealth Management LLC grew its position in shares of Sempra by 0.3% during the third quarter. Kingsview Wealth Management LLC now owns 46,518 shares of the utilities provider’s stock worth $3,890,000 after buying an additional 158 shares in the last quarter. CX Institutional grew its position in shares of Sempra by 5.5% during the third quarter. CX Institutional now owns 3,083 shares of the utilities provider’s stock worth $258,000 after buying an additional 161 shares in the last quarter. Finally, Rosenberg Matthew Hamilton grew its position in shares of Sempra by 4.2% during the third quarter. Rosenberg Matthew Hamilton now owns 4,031 shares of the utilities provider’s stock worth $337,000 after buying an additional 163 shares in the last quarter. 89.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Trevor I. Mihalik sold 23,713 shares of Sempra 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 owns 11,190 shares in the company, valued at approximately $1,041,677.10. The trade was a 67.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Alexander Lisa Larroque sold 2,755 shares of Sempra stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $81.93, for a total value of $225,717.15. Following the sale, the senior vice president now directly owns 13,905 shares of the company’s stock, valued at approximately $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 ninety days, insiders have sold 76,205 shares of company stock worth $6,558,347. 0.24% of the stock is owned by company insiders.

Sempra Price Performance

SRE stock opened at $82.95 on Thursday. 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 fifty-two week low of $66.40 and a fifty-two week high of $95.77. The business has a 50 day moving average price of $85.03 and a 200 day moving average price of $84.62. The stock has a market cap of $52.54 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 2.09 and a beta of 0.78.

Wall Street Analyst Weigh In

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