State of Alaska Department of Revenue Sells 2,078 Shares of Sempra (NYSE:SRE)

State of Alaska Department of Revenue trimmed its position in shares of Sempra (NYSE:SRE) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,213 shares of the utilities provider’s stock after selling 2,078 shares during the period. State of Alaska Department of Revenue’s holdings in Sempra were worth $6,334,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SRE. Crews Bank & Trust bought a new stake in shares of Sempra during the fourth quarter valued at approximately $26,000. Eastern Bank acquired a new stake in Sempra during the third quarter worth $28,000. Hollencrest Capital Management boosted its stake 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 holdings in Sempra by 225.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 433 shares of the utilities provider’s stock valued at $38,000 after buying an additional 300 shares during the period. Finally, LRI Investments LLC raised its stake in shares of Sempra by 180.4% in the 3rd quarter. LRI Investments LLC now owns 443 shares of the utilities provider’s stock valued at $40,000 after buying an additional 285 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors.

Insider Transactions at Sempra

In other Sempra news, 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 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. The trade was a 67.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey W. Martin sold 49,737 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $82.94, for a total transaction of $4,125,186.78. Following the completion of the transaction, the chief executive officer now directly owns 2 shares in the company, valued at $165.88. This trade represents a 100.00 % decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SRE. Evercore ISI lifted their target price on shares of Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Barclays decreased their price objective on Sempra from $99.00 to $95.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Wells Fargo & Company increased their target price on Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. BMO Capital Markets boosted their price target on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Finally, Jefferies Financial Group initiated coverage on Sempra in a research note on Thursday, October 24th. They set a “buy” rating and a $98.00 price objective for the company. One equities research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Sempra presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.20.

Sempra Price Performance

Sempra stock opened at $81.94 on Friday. The business’s fifty day moving average is $85.64 and its two-hundred day moving average is $84.44. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.47 and a current ratio of 0.52. The firm has a market cap of $51.90 billion, a P/E ratio of 18.05, a P/E/G ratio of 2.11 and a beta of 0.78. Sempra has a 52 week low of $66.40 and a 52 week high of $95.77.

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

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.