Alexander Lisa Larroque Sells 2,755 Shares of Sempra (NYSE:SRE) Stock

Sempra (NYSE:SRE) SVP Alexander Lisa Larroque sold 2,755 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $81.93, for a total value of $225,717.15. Following the completion of the transaction, the senior vice president now directly owns 13,905 shares of the company’s stock, valued at approximately $1,139,236.65. This trade represents a 16.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Sempra Price Performance

Shares of Sempra stock opened at $83.40 on Wednesday. The stock has a 50 day moving average of $85.20 and a 200 day moving average of $84.58. Sempra has a 12 month low of $66.40 and a 12 month high of $95.77. The firm has a market cap of $52.82 billion, a PE ratio of 18.37, a PEG ratio of 2.09 and a beta of 0.78. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.89.

Institutional Investors Weigh In On Sempra

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SRE. Mather Group LLC. raised its position in Sempra by 35.5% during the third quarter. Mather Group LLC. now owns 740 shares of the utilities provider’s stock valued at $62,000 after purchasing an additional 194 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its position in Sempra by 398.5% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,379 shares of the utilities provider’s stock valued at $452,000 after purchasing an additional 4,300 shares during the period. Exchange Traded Concepts LLC raised its position in Sempra by 5,017.6% during the third quarter. Exchange Traded Concepts LLC now owns 10,184 shares of the utilities provider’s stock valued at $852,000 after purchasing an additional 9,985 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in Sempra by 8.5% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 751,531 shares of the utilities provider’s stock valued at $62,851,000 after purchasing an additional 59,135 shares during the period. Finally, Procyon Advisors LLC raised its position in Sempra by 10.5% during the third quarter. Procyon Advisors LLC now owns 56,819 shares of the utilities provider’s stock valued at $4,752,000 after purchasing an additional 5,394 shares during the period. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SRE has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price objective on Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Evercore ISI upped their price objective on Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Barclays dropped their price objective on Sempra from $99.00 to $95.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Jefferies Financial Group initiated coverage on Sempra in a research note on Thursday, October 24th. They issued a “buy” rating and a $98.00 price objective for the company. Finally, Morgan Stanley raised Sempra from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $85.00 to $98.00 in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Sempra currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.20.

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.