Sempra (NYSE:SRE) Given Average Rating of “Buy” by Analysts

Sempra (NYSE:SRE) has been given an average recommendation of “Buy” by the ten analysts that are covering the stock, Marketbeat reports. Ten equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have covered the stock in the last year is $91.20.

A number of research firms have weighed in on SRE. Morgan Stanley raised shares of Sempra from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $85.00 to $98.00 in a research note on Friday, December 13th. Wells Fargo & Company boosted their target price 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. Barclays decreased their target price on shares of Sempra from $99.00 to $95.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Finally, Evercore ISI boosted their target price on shares of Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th.

Insider Buying and Selling

In related news, CEO Jeffrey W. Martin sold 49,737 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were 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 owns 2 shares in the company, valued at $165.88. The trade was a 100.00 % decrease in their ownership of the stock. The transaction 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 business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $81.93, for a total transaction of $225,717.15. Following the completion of the transaction, the senior vice president now owns 13,905 shares in the company, valued at approximately $1,139,236.65. The trade was a 16.54 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sempra

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Lindbrook Capital LLC lifted its holdings in Sempra by 5.4% in the fourth quarter. Lindbrook Capital LLC now owns 2,410 shares of the utilities provider’s stock valued at $211,000 after buying an additional 124 shares during the period. Kovitz Investment Group Partners LLC lifted its holdings in Sempra by 1.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 8,194 shares of the utilities provider’s stock valued at $719,000 after buying an additional 124 shares during the period. Pinnacle West Asset Management Inc. lifted its holdings in Sempra by 5.1% in the fourth quarter. Pinnacle West Asset Management Inc. now owns 2,585 shares of the utilities provider’s stock valued at $227,000 after buying an additional 125 shares during the period. MJP Associates Inc. ADV raised its holdings in shares of Sempra by 2.1% during the fourth quarter. MJP Associates Inc. ADV now owns 6,195 shares of the utilities provider’s stock valued at $543,000 after purchasing an additional 125 shares during the period. Finally, Legacy Financial Advisors Inc. raised its holdings in shares of Sempra by 5.0% during the fourth quarter. Legacy Financial Advisors Inc. now owns 2,639 shares of the utilities provider’s stock valued at $232,000 after purchasing an additional 126 shares during the period. Institutional investors and hedge funds own 89.65% of the company’s stock.

Sempra Stock Performance

NYSE SRE opened at $87.11 on Monday. The firm’s fifty day moving average price is $84.31 and its two-hundred day moving average price is $84.81. The stock has a market cap of $55.18 billion, a PE ratio of 19.19, a PEG ratio of 2.17 and a beta of 0.78. Sempra has a fifty-two week low of $66.40 and a fifty-two week high of $95.77. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.47 and a current ratio of 0.52.

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.