Kingsview Wealth Management LLC Sells 127 Shares of Sempra (NYSE:SRE)

Kingsview Wealth Management LLC cut its stake in shares of Sempra (NYSE:SRE) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,391 shares of the utilities provider’s stock after selling 127 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Sempra were worth $4,069,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wellington Management Group LLP lifted its holdings in shares of Sempra by 0.4% during the third quarter. Wellington Management Group LLP now owns 34,324,893 shares of the utilities provider’s stock valued at $2,870,591,000 after acquiring an additional 128,847 shares during the period. State Street Corp lifted its holdings in shares of Sempra by 4.9% during the third quarter. State Street Corp now owns 32,940,620 shares of the utilities provider’s stock valued at $2,774,974,000 after acquiring an additional 1,539,026 shares during the period. FMR LLC lifted its holdings in shares of Sempra by 9.1% during the third quarter. FMR LLC now owns 18,978,605 shares of the utilities provider’s stock valued at $1,587,181,000 after acquiring an additional 1,582,653 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Sempra by 1.2% during the third quarter. Geode Capital Management LLC now owns 12,761,872 shares of the utilities provider’s stock valued at $1,063,007,000 after acquiring an additional 145,873 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Sempra by 1.7% during the third quarter. Franklin Resources Inc. now owns 7,695,988 shares of the utilities provider’s stock valued at $639,921,000 after acquiring an additional 129,891 shares during the period. 89.65% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Trevor I. Mihalik sold 23,713 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 11,190 shares of the company’s stock, valued at approximately $1,041,677.10. This represents a 67.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey W. Martin sold 49,737 shares of the 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 sale, the chief executive officer now directly owns 2 shares of the company’s stock, valued at approximately $165.88. The trade was a 100.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.

Sempra Stock Performance

Shares of SRE stock opened at $81.94 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.47. The stock has a market cap of $51.90 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 2.09 and a beta of 0.78. The stock has a 50-day moving average of $85.40 and a 200-day moving average of $84.47. Sempra has a one year low of $66.40 and a one year high of $95.77.

Sempra (NYSE:SRE) last announced its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.16). The company had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $3.54 billion. Sempra had a net margin of 22.63% and a return on equity of 8.06%. The business’s revenue was down 16.7% compared to the same quarter last year. During the same period last year, the company earned $1.08 earnings per share. As a group, sell-side analysts expect that Sempra will post 4.76 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on SRE. Wells Fargo & Company lifted 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. Evercore ISI lifted their price target on Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Jefferies Financial Group began coverage on Sempra in a report on Thursday, October 24th. They issued a “buy” rating and a $98.00 price target for the company. BMO Capital Markets lifted their price target on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Finally, Barclays cut their price target on Sempra from $99.00 to $95.00 and set an “overweight” rating for the company in a report on Monday, January 27th. One analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.