Louisiana State Employees Retirement System Sells 1,500 Shares of Sempra (NYSE:SRE)

Louisiana State Employees Retirement System decreased its holdings in shares of Sempra (NYSE:SRE) by 4.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 34,100 shares of the utilities provider’s stock after selling 1,500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Sempra were worth $2,991,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Crews Bank & Trust bought a new stake in Sempra during the 4th quarter valued at approximately $26,000. Eastern Bank acquired a new position in Sempra in the 3rd quarter valued at approximately $28,000. Hollencrest Capital Management raised its holdings in Sempra by 250.0% in the 3rd quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 270 shares in the last quarter. ST Germain D J Co. Inc. raised 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 acquiring an additional 300 shares in the last quarter. Finally, LRI Investments LLC raised its holdings in 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 acquiring an additional 285 shares in the last quarter. Institutional investors own 89.65% of the company’s stock.

Sempra Price Performance

Sempra stock opened at $83.88 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 company has a market capitalization of $53.13 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 2.09 and a beta of 0.78. Sempra has a one year low of $66.40 and a one year high of $95.77. The business has a 50 day simple moving average of $84.86 and a 200 day simple moving average of $84.61.

Insider Buying and Selling

In other Sempra news, VP Trevor I. Mihalik sold 23,713 shares of Sempra stock in a transaction on 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 completion of the transaction, the vice president now owns 11,190 shares in the company, 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 this hyperlink. Also, CEO Jeffrey W. Martin sold 49,737 shares of Sempra stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 2 shares of the company’s stock, valued at approximately $165.88. The trade was a 100.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 76,205 shares of company stock worth $6,558,347 in the last 90 days. 0.24% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. BMO Capital Markets upped 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. 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. Morgan Stanley raised Sempra from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $85.00 to $98.00 in a report on Friday, December 13th. Evercore ISI upped 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. Finally, Jefferies Financial Group initiated coverage on Sempra in a report on Thursday, October 24th. They issued a “buy” rating and a $98.00 price target for the company. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the company. According to MarketBeat.com, Sempra presently has an average rating of “Moderate Buy” and an average 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.