Sempra (NYSE:SRE) Shares Sold by Choreo LLC

Choreo LLC decreased its holdings in Sempra (NYSE:SRE) by 2.6% during the 4th quarter, HoldingsChannel reports. The fund owned 26,650 shares of the utilities provider’s stock after selling 698 shares during the quarter. Choreo LLC’s holdings in Sempra were worth $2,349,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Private Advisor Group LLC lifted its stake in shares of Sempra by 1.6% in the third quarter. Private Advisor Group LLC now owns 8,742 shares of the utilities provider’s stock worth $731,000 after acquiring an additional 139 shares in the last quarter. LVM Capital Management Ltd. MI lifted its stake in shares of Sempra by 2.4% in the fourth quarter. LVM Capital Management Ltd. MI now owns 6,677 shares of the utilities provider’s stock worth $586,000 after acquiring an additional 155 shares in the last quarter. Kingsview Wealth Management LLC lifted its stake in shares of Sempra by 0.3% in the third quarter. Kingsview Wealth Management LLC now owns 46,518 shares of the utilities provider’s stock worth $3,890,000 after acquiring an additional 158 shares in the last quarter. CX Institutional lifted its stake in shares of Sempra by 5.5% in the third quarter. CX Institutional now owns 3,083 shares of the utilities provider’s stock worth $258,000 after acquiring an additional 161 shares in the last quarter. Finally, Rosenberg Matthew Hamilton lifted its stake in shares of Sempra by 4.2% in the third quarter. Rosenberg Matthew Hamilton now owns 4,031 shares of the utilities provider’s stock worth $337,000 after acquiring an additional 163 shares in the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SRE shares. Morgan Stanley upgraded Sempra from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $85.00 to $98.00 in a research note on Friday, December 13th. 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. Barclays lowered their price objective on Sempra from $99.00 to $95.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Jefferies Financial Group assumed coverage on Sempra in a report on Thursday, October 24th. They issued a “buy” rating and a $98.00 price objective for the company. Finally, BMO Capital Markets boosted their price objective on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $91.20.

Sempra Stock Down 0.3 %

NYSE:SRE opened at $82.06 on Friday. The firm has a market capitalization of $51.98 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The stock has a 50 day moving average of $85.88 and a 200-day moving average of $84.46. Sempra has a 52 week low of $66.40 and a 52 week high of $95.77. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.89.

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

Insider Buying and Selling

In other Sempra news, VP Trevor I. Mihalik sold 23,713 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $93.09, for a total value of $2,207,443.17. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeffrey W. Martin sold 49,737 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 2 shares of the company’s stock, valued at $165.88. This trade represents a 100.00 % 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.

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.