Todd Asset Management LLC Has $21.74 Million Position in Sempra (NYSE:SRE)

Todd Asset Management LLC lifted its stake in Sempra (NYSE:SRE) by 87.8% during the fourth quarter, HoldingsChannel reports. The fund owned 247,833 shares of the utilities provider’s stock after purchasing an additional 115,856 shares during the quarter. Todd Asset Management LLC’s holdings in Sempra were worth $21,740,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Crews Bank & Trust acquired a new stake in shares of Sempra in the fourth quarter worth about $26,000. Human Investing LLC acquired a new stake in Sempra during the fourth quarter worth $31,000. Hollencrest Capital Management increased its stake in Sempra by 250.0% in the third quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 270 shares during the period. ST Germain D J Co. Inc. raised its holdings in shares of Sempra by 225.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 433 shares of the utilities provider’s stock worth $38,000 after buying an additional 300 shares in the last quarter. Finally, LRI Investments LLC lifted its position in shares of Sempra by 180.4% during the 3rd quarter. LRI Investments LLC now owns 443 shares of the utilities provider’s stock worth $40,000 after buying an additional 285 shares during the period. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Jeffrey W. Martin sold 49,737 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $82.94, for a total value of $4,125,186.78. Following the sale, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Alexander Lisa Larroque sold 2,755 shares of Sempra stock in a transaction on Tuesday, February 11th. The shares were 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 of the company’s stock, valued at approximately $1,139,236.65. This trade represents a 16.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on SRE shares. Evercore ISI increased 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 cut their price target on shares of Sempra from $99.00 to $95.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Wells Fargo & Company upped their price objective on shares of Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Morgan Stanley raised Sempra from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $85.00 to $98.00 in a report on Friday, December 13th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Sempra currently has a consensus rating of “Buy” and a consensus price target of $91.20.

Sempra Stock Up 0.1 %

SRE stock opened at $87.20 on Tuesday. The firm has a 50-day moving average price of $84.29 and a 200-day moving average price of $84.98. The stock has a market capitalization of $55.23 billion, a P/E ratio of 19.21, a price-to-earnings-growth ratio of 2.19 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. Sempra has a 12 month low of $66.40 and a 12 month 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.