Asset Management One Co. Ltd. Sells 10,297 Shares of Sempra (NYSE:SRE)

Asset Management One Co. Ltd. cut its position in Sempra (NYSE:SRE) by 3.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 294,524 shares of the utilities provider’s stock after selling 10,297 shares during the period. Asset Management One Co. Ltd.’s holdings in Sempra were worth $25,850,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SRE. FMR LLC raised its holdings in 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 in the last quarter. State Street Corp raised its holdings in Sempra by 4.9% in the third quarter. State Street Corp now owns 32,940,620 shares of the utilities provider’s stock worth $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 purchasing an additional 414,406 shares in the last quarter. Unigestion Holding SA bought a new position in Sempra in the third quarter worth about $33,023,000. Finally, Bank of Montreal Can raised its holdings in 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 purchasing an additional 393,277 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Sempra news, 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 sale, the senior vice president now owns 13,905 shares in the company, valued at approximately $1,139,236.65. This represents a 16.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jeffrey W. Martin sold 49,737 shares of the company’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 value of $4,125,186.78. Following the completion of the sale, the chief executive officer now owns 2 shares in the company, valued at approximately $165.88. This represents a 100.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,205 shares of company stock worth $6,558,347. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SRE shares. BMO Capital Markets upped their price objective on shares of Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Jefferies Financial Group started coverage on shares of Sempra in a report on Thursday, October 24th. They set a “buy” rating and a $98.00 price objective on the stock. Barclays cut their price objective on shares of Sempra from $99.00 to $95.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Morgan Stanley upgraded shares of Sempra from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $85.00 to $98.00 in a report on Friday, December 13th. Finally, 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 report on Thursday, November 7th. One research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.20.

Sempra Price Performance

Shares of NYSE SRE opened at $84.19 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 0.89. Sempra has a 52 week low of $66.40 and a 52 week high of $95.77. The business’s 50 day moving average price is $84.72 and its 200 day moving average price is $84.60. The firm has a market cap of $53.32 billion, a P/E ratio of 18.54, a P/E/G ratio of 2.09 and a beta of 0.78.

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.