Check Capital Management Inc. CA Has $202,000 Position in Sempra (NYSE:SRE)

Check Capital Management Inc. CA cut its holdings in Sempra (NYSE:SRE) by 39.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,299 shares of the utilities provider’s stock after selling 1,500 shares during the period. Check Capital Management Inc. CA’s holdings in Sempra were worth $202,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Crews Bank & Trust acquired a new position in shares of Sempra in the fourth quarter valued at about $26,000. Eastern Bank acquired a new position in shares of Sempra in the third quarter valued at about $28,000. Hollencrest Capital Management grew its stake in shares of Sempra by 250.0% in the third quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 270 shares in the last quarter. ST Germain D J Co. Inc. grew its stake in shares of Sempra by 225.6% in the fourth quarter. ST Germain D J Co. Inc. now owns 433 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 300 shares in the last quarter. Finally, LRI Investments LLC grew its stake in shares of Sempra by 180.4% in the third quarter. LRI Investments LLC now owns 443 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 285 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company upped their price objective on shares of Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. BMO Capital Markets upped their price objective on shares of Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Evercore ISI upped their price objective on shares of Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Jefferies Financial Group assumed coverage on shares of Sempra in a research report on Thursday, October 24th. They set a “buy” rating and a $98.00 price objective for the company. Finally, Morgan Stanley raised shares of 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. One research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Sempra has an average rating of “Moderate Buy” and a consensus price target of $91.20.

Insider Activity at Sempra

In related news, SVP Alexander Lisa Larroque sold 2,755 shares of the firm’s stock in a transaction that occurred 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. This trade represents a 16.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey W. Martin sold 49,737 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $82.94, for a total transaction of $4,125,186.78. Following the completion of the transaction, the chief executive officer now owns 2 shares of the company’s stock, valued at approximately $165.88. This trade represents a 100.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 76,205 shares of company stock worth $6,558,347 in the last quarter. 0.24% of the stock is owned by insiders.

Sempra Stock Up 0.4 %

SRE stock opened at $84.19 on Friday. The stock has a market capitalization of $53.32 billion, a P/E ratio of 18.54, a price-to-earnings-growth ratio of 2.09 and a beta of 0.78. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.89. Sempra has a 12 month low of $66.40 and a 12 month high of $95.77. The firm has a 50-day moving average price of $84.61 and a 200-day moving average price of $84.63.

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.