Fisher Funds Management LTD Invests $6.27 Million in Sempra (NYSE:SRE)

Fisher Funds Management LTD bought a new stake in shares of Sempra (NYSE:SRE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 71,718 shares of the utilities provider’s stock, valued at approximately $6,273,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of Sempra by 9.1% in the third 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 holdings in Sempra by 4.9% in the 3rd quarter. State Street Corp now owns 32,940,620 shares of the utilities provider’s stock worth $2,774,974,000 after buying an additional 1,539,026 shares during the period. National Bank of Canada FI lifted its stake in Sempra by 201.2% during the 3rd quarter. National Bank of Canada FI now owns 620,394 shares of the utilities provider’s stock valued at $51,882,000 after acquiring an additional 414,406 shares during the period. Unigestion Holding SA acquired a new stake in Sempra during the 3rd quarter valued at approximately $33,023,000. Finally, Bank of Montreal Can boosted its holdings in shares of Sempra by 38.3% in the 3rd quarter. Bank of Montreal Can now owns 1,420,045 shares of the utilities provider’s stock valued at $118,219,000 after acquiring an additional 393,277 shares during the last quarter. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SRE. Barclays reduced their price objective on Sempra from $99.00 to $95.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Wells Fargo & Company lifted their price target on Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Morgan Stanley upgraded Sempra from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $85.00 to $98.00 in a research report on Friday, December 13th. Finally, Evercore ISI lifted their target price on shares of Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $91.20.

Sempra Price Performance

Sempra stock opened at $87.11 on Friday. The stock has a market capitalization of $55.18 billion, a P/E ratio of 19.19, a P/E/G ratio of 2.19 and a beta of 0.78. The company’s fifty day moving average price is $84.31 and its 200 day moving average price is $84.86. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.47 and a current ratio of 0.52. Sempra has a 1 year low of $66.40 and a 1 year high of $95.77.

Insider Buying and Selling at Sempra

In related news, CEO Jeffrey W. Martin sold 49,737 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $82.94, for a total transaction of $4,125,186.78. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Alexander Lisa Larroque sold 2,755 shares of the firm’s 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 in the company, valued at $1,139,236.65. The trade was a 16.54 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

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.