G&S Capital LLC Acquires New Stake in Sempra (NYSE:SRE)

G&S Capital LLC bought a new position in Sempra (NYSE:SRE) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,992 shares of the utilities provider’s stock, valued at approximately $350,000.

Other institutional investors have also recently modified their holdings of the company. FMR LLC raised its position in shares of 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 purchasing an additional 1,582,653 shares during the last quarter. State Street Corp increased its stake in Sempra by 4.9% during the 3rd quarter. State Street Corp now owns 32,940,620 shares of the utilities provider’s stock valued at $2,774,974,000 after purchasing an additional 1,539,026 shares in the last quarter. National Bank of Canada FI raised its holdings in 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 buying an additional 414,406 shares during the last quarter. Unigestion Holding SA bought a new position in shares of Sempra in the third quarter worth approximately $33,023,000. Finally, Bank of Montreal Can lifted its stake in shares of Sempra by 38.3% in the third quarter. Bank of Montreal Can now owns 1,420,045 shares of the utilities provider’s stock worth $118,219,000 after buying an additional 393,277 shares in the last quarter. 89.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Sempra

In related news, CEO Jeffrey W. Martin sold 49,737 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 2 shares of the company’s stock, valued at approximately $165.88. This trade represents a 100.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Trevor I. Mihalik sold 23,713 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $93.09, for a total value of $2,207,443.17. Following the sale, the vice president now directly owns 11,190 shares of the company’s stock, valued at $1,041,677.10. This represents a 67.94 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,205 shares of company stock worth $6,558,347. 0.24% of the stock is owned by company insiders.

Sempra Price Performance

NYSE SRE opened at $82.95 on Thursday. The company has a 50-day moving average price of $84.86 and a 200-day moving average price of $84.61. Sempra has a 52 week low of $66.40 and a 52 week high of $95.77. 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 firm has a market capitalization of $52.54 billion, a P/E ratio of 18.27, a PEG ratio of 2.09 and a beta of 0.78.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SRE shares. Jefferies Financial Group assumed coverage on shares of Sempra in a research report on Thursday, October 24th. They set a “buy” rating and a $98.00 price target for the company. Barclays reduced their target price 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. BMO Capital Markets lifted their price objective on Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Finally, Evercore ISI boosted their target price on Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. According to data from MarketBeat, Sempra currently has an average rating of “Moderate Buy” and a consensus target price of $91.20.

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.