Sempra (NYSE:SRE) Shares Purchased by Truist Financial Corp

Truist Financial Corp boosted its position in Sempra (NYSE:SRE) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,471 shares of the utilities provider’s stock after acquiring an additional 3,959 shares during the quarter. Truist Financial Corp’s holdings in Sempra were worth $7,147,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in Sempra by 9.1% during 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 in the last quarter. State Street Corp grew its position in Sempra by 4.9% in 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 buying an additional 1,539,026 shares during the last quarter. National Bank of Canada FI boosted its position in shares of Sempra by 201.2% during the 3rd quarter. National Bank of Canada FI now owns 620,394 shares of the utilities provider’s stock worth $51,882,000 after purchasing an additional 414,406 shares in the last quarter. Unigestion Holding SA purchased a new stake in shares of Sempra during the 3rd quarter worth $33,023,000. Finally, Bank of Montreal Can boosted its position in shares of Sempra by 38.3% during the 3rd 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. Institutional investors and hedge funds own 89.65% of the company’s stock.

Sempra Price Performance

Shares of NYSE SRE opened at $87.11 on Friday. Sempra has a 1-year low of $66.40 and a 1-year high of $95.77. The business has a 50-day moving average of $84.31 and a 200-day moving average of $84.86. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.47. The company has a market capitalization of $55.18 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 2.19 and a beta of 0.78.

Insider Transactions at Sempra

In other news, CEO Jeffrey W. Martin sold 49,737 shares of the company’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 completion of the sale, the chief executive officer now owns 2 shares of the company’s stock, valued at $165.88. This represents a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Alexander Lisa Larroque sold 2,755 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now directly owns 13,905 shares of the company’s stock, 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. Company insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Barclays dropped their target price 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 increased their price target on Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Evercore ISI lifted their price objective on Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Morgan Stanley raised shares of Sempra from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $85.00 to $98.00 in a research report on Friday, December 13th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $91.20.

About Sempra

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.