Sempra (NYSE:SRE) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its stake in Sempra (NYSE:SRE) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 277,628 shares of the utilities provider’s stock after selling 16,374 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Sempra were worth $24,190,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Crews Bank & Trust acquired a new position in Sempra in the fourth quarter valued at approximately $26,000. Eastern Bank acquired a new position in shares of Sempra in the 3rd quarter valued at $28,000. Hollencrest Capital Management boosted its holdings 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. grew its position in Sempra by 225.6% during the fourth 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 increased its holdings in Sempra by 180.4% in the third 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. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on SRE shares. Morgan Stanley upgraded 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 report on Friday, December 13th. Evercore ISI raised their price objective on Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. BMO Capital Markets upped their target price on Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Jefferies Financial Group assumed coverage on shares of Sempra in a research note on Thursday, October 24th. They issued a “buy” rating and a $98.00 price target on the stock. Finally, Barclays decreased their price objective 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. One equities research analyst has rated the stock with a sell rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $91.20.

Sempra Stock Up 0.4 %

SRE stock opened at $84.19 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.89. The firm has a 50-day moving average of $84.61 and a two-hundred day moving average of $84.63. Sempra has a 12 month low of $66.40 and a 12 month high of $95.77. The company has a market cap of $53.32 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 2.09 and a beta of 0.78.

Insider Activity at Sempra

In other Sempra news, VP Trevor I. Mihalik sold 23,713 shares of the firm’s 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 sale, the vice president now directly owns 11,190 shares of the company’s stock, valued at $1,041,677.10. This trade represents a 67.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey W. Martin sold 49,737 shares of the business’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 transaction, the chief executive officer now directly owns 2 shares in the company, valued at approximately $165.88. The trade was a 100.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 76,205 shares of company stock valued at $6,558,347. 0.24% of the stock is currently owned by insiders.

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.