G&S Capital LLC Makes New Investment in Sempra (NYSE:SRE)

G&S Capital LLC acquired a new stake in shares of Sempra (NYSE:SRE) during the 4th quarter, Holdings Channel reports. The fund acquired 3,992 shares of the utilities provider’s stock, valued at approximately $350,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC increased its stake in Sempra by 9.1% in the 3rd 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. State Street Corp lifted its position in shares of Sempra by 4.9% in 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 acquiring an additional 1,539,026 shares in the last quarter. National Bank of Canada FI boosted its stake in shares of Sempra by 201.2% in the third quarter. National Bank of Canada FI now owns 620,394 shares of the utilities provider’s stock worth $51,882,000 after acquiring an additional 414,406 shares during the period. Unigestion Holding SA purchased a new stake in shares of Sempra during the third quarter worth about $33,023,000. Finally, Bank of Montreal Can grew its position in shares of Sempra by 38.3% during the third quarter. Bank of Montreal Can now owns 1,420,045 shares of the utilities provider’s stock worth $118,219,000 after purchasing an additional 393,277 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Alexander Lisa Larroque sold 2,755 shares of Sempra stock in a transaction that occurred on 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 owns 13,905 shares in the company, valued at approximately $1,139,236.65. The trade was a 16.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey W. Martin sold 49,737 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 2 shares in the company, valued at approximately $165.88. This represents a 100.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,205 shares of company stock valued at $6,558,347 over the last ninety days. 0.24% of the stock is owned by insiders.

Sempra Stock Performance

Sempra stock opened at $82.95 on Thursday. The company’s 50-day moving average price is $84.86 and its 200-day moving average price is $84.61. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 0.89. The company has a market cap of $52.54 billion, a PE ratio of 18.27, a price-to-earnings-growth ratio of 2.09 and a beta of 0.78. Sempra has a twelve month low of $66.40 and a twelve month high of $95.77.

Analyst Ratings Changes

Several research firms have weighed in on SRE. Evercore ISI upped their price target on Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Barclays lowered their target price on shares of Sempra from $99.00 to $95.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Morgan Stanley raised shares of Sempra from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $85.00 to $98.00 in a research note on Friday, December 13th. Wells Fargo & Company lifted their price target on shares of Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, BMO Capital Markets increased their price objective on shares of Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a report on Monday, October 21st. One analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.