SG Americas Securities LLC Sells 12,155 Shares of Sempra (NYSE:SRE)

SG Americas Securities LLC cut its holdings in shares of Sempra (NYSE:SRE) by 86.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,877 shares of the utilities provider’s stock after selling 12,155 shares during the period. SG Americas Securities LLC’s holdings in Sempra were worth $165,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP boosted its stake in Sempra by 0.4% during the 3rd quarter. Wellington Management Group LLP now owns 34,324,893 shares of the utilities provider’s stock valued at $2,870,591,000 after purchasing an additional 128,847 shares during the last quarter. State Street Corp boosted its position 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 buying an additional 1,539,026 shares during the last quarter. FMR LLC grew its holdings in Sempra by 9.1% during the third quarter. FMR LLC now owns 18,978,605 shares of the utilities provider’s stock worth $1,587,181,000 after buying an additional 1,582,653 shares in the last quarter. Geode Capital Management LLC grew its holdings in Sempra by 1.2% during the third quarter. Geode Capital Management LLC now owns 12,761,872 shares of the utilities provider’s stock worth $1,063,007,000 after buying an additional 145,873 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in Sempra by 1.7% in the 3rd quarter. Franklin Resources Inc. now owns 7,695,988 shares of the utilities provider’s stock valued at $639,921,000 after buying an additional 129,891 shares during the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Evercore ISI lifted their price objective on shares of Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Jefferies Financial Group assumed coverage on shares of Sempra in a research report on Thursday, October 24th. They issued a “buy” rating and a $98.00 price objective for the company. Morgan Stanley upgraded shares of Sempra from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $85.00 to $98.00 in a research note on Friday, December 13th. Barclays cut their target price on Sempra from $99.00 to $95.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Finally, BMO Capital Markets increased their price target on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $91.20.

Insider Buying and Selling

In related news, VP Trevor I. Mihalik sold 23,713 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $93.09, for a total transaction of $2,207,443.17. Following the sale, the vice president now directly owns 11,190 shares in the company, valued at approximately $1,041,677.10. This represents a 67.94 % decrease in their position. The sale was disclosed in a filing 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 that occurred on 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 owns 2 shares of the company’s stock, valued at $165.88. This represents 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 currently owned by insiders.

Sempra Price Performance

Shares of NYSE SRE opened at $81.94 on Monday. The firm has a market cap of $51.90 billion, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 2.09 and a beta of 0.78. The stock has a fifty day simple moving average of $85.40 and a two-hundred day simple moving average of $84.52. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.89. Sempra has a 1-year low of $66.40 and a 1-year high of $95.77.

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.