Kestra Investment Management LLC Cuts Stock Holdings in Sempra (NYSE:SRE)

Kestra Investment Management LLC trimmed its position in shares of Sempra (NYSE:SRE) by 82.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 529 shares of the utilities provider’s stock after selling 2,423 shares during the quarter. Kestra Investment Management LLC’s holdings in Sempra were worth $46,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in shares of Sempra by 0.4% during 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 during the period. State Street Corp raised its stake in shares of Sempra by 4.9% during 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 during the period. FMR LLC raised its stake in shares of Sempra by 9.1% during 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 during the period. Geode Capital Management LLC raised its stake in shares of Sempra by 1.2% during 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 during the period. Finally, Franklin Resources Inc. raised its stake in shares of Sempra by 1.7% during 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 during the period. 89.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Sempra

In other Sempra news, SVP Alexander Lisa Larroque sold 2,755 shares of Sempra stock in a transaction dated 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 transaction, the senior vice president now owns 13,905 shares of the company’s stock, valued at $1,139,236.65. The trade was a 16.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey W. Martin sold 49,737 shares of Sempra stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $82.94, for a total value of $4,125,186.78. Following the transaction, the chief executive officer now directly owns 2 shares of the company’s stock, valued at $165.88. The trade was a 100.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Sempra Stock Up 1.3 %

SRE stock opened at $87.11 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. The firm has a market capitalization of $55.18 billion, a PE ratio of 19.19, a PEG ratio of 2.17 and a beta of 0.78. Sempra has a twelve month low of $66.40 and a twelve month high of $95.77. The stock has a 50-day simple moving average of $84.31 and a two-hundred day simple moving average of $84.81.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SRE shares. Barclays lowered their target price on Sempra from $99.00 to $95.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Morgan Stanley upgraded Sempra from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $85.00 to $98.00 in a research note on Friday, December 13th. Evercore ISI boosted their price objective on Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company boosted their price objective on Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target 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.