New York State Teachers Retirement System Sells 21,454 Shares of Sempra (NYSE:SRE)

New York State Teachers Retirement System reduced its stake in Sempra (NYSE:SRE) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 558,061 shares of the utilities provider’s stock after selling 21,454 shares during the period. New York State Teachers Retirement System owned approximately 0.09% of Sempra worth $48,953,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP boosted its stake in Sempra by 0.4% during the third quarter. Wellington Management Group LLP now owns 34,324,893 shares of the utilities provider’s stock valued at $2,870,591,000 after buying an additional 128,847 shares during the period. State Street Corp boosted its stake in Sempra by 4.9% during the third 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 during the period. FMR LLC boosted its stake in Sempra by 9.1% during the third 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 during the period. Geode Capital Management LLC boosted its stake in Sempra by 1.2% during the third 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 during the period. Finally, Franklin Resources Inc. boosted its stake in Sempra by 1.7% during the third 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 during the period. 89.65% of the stock is owned by institutional investors.

Insider Transactions at Sempra

In other news, VP Trevor I. Mihalik sold 23,713 shares of Sempra stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $93.09, for a total value of $2,207,443.17. Following the transaction, the vice president now owns 11,190 shares in the company, valued at approximately $1,041,677.10. The trade was a 67.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey W. Martin sold 49,737 shares of Sempra 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 completion of the transaction, 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. Over the last quarter, insiders have sold 76,205 shares of company stock worth $6,558,347. Company insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Evercore ISI lifted their price objective on Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Wells Fargo & Company lifted their price objective on Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Morgan Stanley raised Sempra from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $85.00 to $98.00 in a research note on Friday, December 13th. Jefferies Financial Group started coverage on Sempra in a research report on Thursday, October 24th. They set a “buy” rating and a $98.00 price target on the stock. Finally, BMO Capital Markets raised their price target on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.20.

Sempra Stock Up 0.4 %

SRE opened at $84.19 on Friday. The company 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. The business’s 50-day moving average price is $84.72 and its 200-day moving average price is $84.60. 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.

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.