Sempra (NYSE:SRE) SVP Alexander Lisa Larroque Sells 2,755 Shares

Sempra (NYSE:SRE) SVP Alexander Lisa Larroque sold 2,755 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $81.93, for a total value of $225,717.15. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Sempra Price Performance

NYSE:SRE traded up $1.19 during trading hours on Tuesday, reaching $83.40. The company had a trading volume of 3,019,462 shares, compared to its average volume of 4,497,280. The firm has a market capitalization of $52.82 billion, a PE ratio of 18.37, a PEG ratio of 2.09 and a beta of 0.78. The stock has a 50-day moving average of $85.20 and a two-hundred day moving average of $84.58. Sempra has a one year low of $66.40 and a one year 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.

Wall Street Analysts Forecast Growth

SRE has been the subject of several research analyst reports. Morgan Stanley upgraded shares of Sempra from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $85.00 to $98.00 in a research note on Friday, December 13th. Wells Fargo & Company upped their price objective on shares of Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Jefferies Financial Group began coverage on Sempra in a research report on Thursday, October 24th. They set a “buy” rating and a $98.00 target price on the stock. Evercore ISI upped their price target on Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, 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. One analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Sempra presently has a consensus rating of “Moderate Buy” and an average price target of $91.20.

Institutional Investors Weigh In On Sempra

A number of hedge funds have recently made changes to their positions in the company. Crews Bank & Trust bought a new position in shares of Sempra in the fourth quarter valued at approximately $26,000. Eastern Bank bought a new position in shares of Sempra in the third quarter worth about $28,000. Synergy Investment Management LLC acquired a new position in shares of Sempra during the fourth quarter worth approximately $29,000. TCTC Holdings LLC grew its stake in shares of Sempra by 265.2% during the fourth quarter. TCTC Holdings LLC now owns 336 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 244 shares during the last quarter. Finally, Human Investing LLC acquired a new stake in shares of Sempra in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 89.65% 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.