Edge Capital Group LLC Acquires New Stake in Sempra (NYSE:SRE)

Edge Capital Group LLC acquired a new stake in Sempra (NYSE:SRE) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 188,802 shares of the utilities provider’s stock, valued at approximately $16,562,000. Sempra comprises approximately 0.9% of Edge Capital Group LLC’s investment portfolio, making the stock its 27th biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in Sempra by 0.4% in the 3rd quarter. Wellington Management Group LLP now owns 34,324,893 shares of the utilities provider’s stock valued at $2,870,591,000 after purchasing an additional 128,847 shares during the last quarter. State Street Corp grew its holdings 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 in the last quarter. FMR LLC grew its holdings in Sempra by 9.1% in the 3rd quarter. FMR LLC now owns 18,978,605 shares of the utilities provider’s stock valued at $1,587,181,000 after buying an additional 1,582,653 shares in the last quarter. Geode Capital Management LLC grew its holdings in Sempra by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 12,761,872 shares of the utilities provider’s stock valued at $1,063,007,000 after buying an additional 145,873 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in Sempra by 1.7% in the 3rd quarter. Franklin Resources Inc. now owns 7,695,988 shares of the utilities provider’s stock valued at $639,921,000 after buying an additional 129,891 shares in the last quarter. 89.65% of the stock is owned by institutional investors and hedge funds.

Sempra Price Performance

SRE stock opened at $87.11 on Monday. 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 firm has a market capitalization of $55.18 billion, a P/E ratio of 19.19, a P/E/G ratio of 2.19 and a beta of 0.78. The business’s 50-day moving average is $84.31 and its two-hundred day moving average is $84.92. Sempra has a 1 year low of $66.40 and a 1 year high of $95.77.

Insider Buying and Selling at Sempra

In other news, SVP Alexander Lisa Larroque sold 2,755 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $81.93, for a total transaction of $225,717.15. Following the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey W. Martin sold 49,737 shares of the firm’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 sale, the chief executive officer now directly owns 2 shares in the company, valued at $165.88. This trade represents a 100.00 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SRE has been the subject of several analyst reports. Morgan Stanley upgraded 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 report on Friday, December 13th. Wells Fargo & Company upped their target price on Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Evercore ISI upped their target price on Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Barclays dropped their target price on Sempra from $99.00 to $95.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Sempra currently has an average rating of “Buy” and an average price target of $91.20.

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.