Sempra (NYSE:SRE) Shares Sold by Choreo LLC

Choreo LLC cut its position in shares of Sempra (NYSE:SRE) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. 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 filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SRE. Crews Bank & Trust purchased a new position in Sempra during the fourth quarter worth $26,000. Eastern Bank purchased a new position in Sempra during the third quarter worth $28,000. Hollencrest Capital Management increased its position in Sempra by 250.0% during the third quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider’s stock worth $32,000 after buying an additional 270 shares in the last quarter. ST Germain D J Co. Inc. increased its position in Sempra by 225.6% during the fourth quarter. ST Germain D J Co. Inc. now owns 433 shares of the utilities provider’s stock worth $38,000 after buying an additional 300 shares in the last quarter. Finally, LRI Investments LLC increased its position in Sempra by 180.4% during the third quarter. LRI Investments LLC now owns 443 shares of the utilities provider’s stock worth $40,000 after buying an additional 285 shares in the last quarter. 89.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SRE has been the subject of several recent research reports. Morgan Stanley raised Sempra from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $85.00 to $98.00 in a research report on Friday, December 13th. Wells Fargo & Company raised their price target on Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Barclays dropped their price target on Sempra from $99.00 to $95.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Jefferies Financial Group assumed coverage on Sempra in a research report on Thursday, October 24th. They issued a “buy” rating and a $98.00 price objective for the company. Finally, BMO Capital Markets lifted their price objective on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.20.

Insider Buying and Selling at Sempra

In other Sempra news, CEO Jeffrey W. Martin sold 49,737 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $82.94, for a total transaction of $4,125,186.78. Following the transaction, the chief executive officer now owns 2 shares in the company, valued at $165.88. The trade was a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Trevor I. Mihalik sold 23,713 shares of the business’s stock in a transaction dated 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 transaction, the vice president now owns 11,190 shares in the company, valued at approximately $1,041,677.10. This represents a 67.94 % decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Sempra Price Performance

SRE stock opened at $82.06 on Friday. The stock has a 50-day moving average price of $85.88 and a two-hundred day moving average price of $84.46. Sempra has a 12-month low of $66.40 and a 12-month 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. The company has a market cap 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.

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

About Sempra

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.