Kentucky Retirement Systems Sells 599 Shares of Sempra (NYSE:SRE)

Kentucky Retirement Systems decreased its holdings in Sempra (NYSE:SRE) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,509 shares of the utilities provider’s stock after selling 599 shares during the quarter. Kentucky Retirement Systems’ holdings in Sempra were worth $3,817,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in SRE. Crews Bank & Trust bought a new position in Sempra in the 4th quarter worth $26,000. Eastern Bank purchased a new position in shares of Sempra during the third quarter valued at about $28,000. Human Investing LLC bought a new position in Sempra in the fourth quarter worth about $31,000. Hollencrest Capital Management lifted its holdings in Sempra by 250.0% in the third quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider’s stock worth $32,000 after buying an additional 270 shares during the period. Finally, ST Germain D J Co. Inc. boosted its position in Sempra by 225.6% during the 4th 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. Institutional investors own 89.65% of the company’s stock.

Sempra Stock Up 1.3 %

SRE stock opened at $87.11 on Friday. The stock has a market capitalization of $55.18 billion, a P/E ratio of 19.19, a P/E/G ratio of 2.17 and a beta of 0.78. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.47. Sempra has a 1-year low of $66.40 and a 1-year high of $95.77. The business has a fifty day moving average price of $84.31 and a 200-day moving average price of $84.81.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SRE shares. Barclays reduced their target price on shares of Sempra from $99.00 to $95.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. 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. Morgan Stanley upgraded Sempra from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $85.00 to $98.00 in a report on Friday, December 13th. Finally, Wells Fargo & Company lifted their price target on Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Sempra presently has a consensus rating of “Buy” and an average price target of $91.20.

Insiders Place Their Bets

In related news, SVP Alexander Lisa Larroque sold 2,755 shares of Sempra stock in a transaction 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 completion of the sale, the senior vice president now owns 13,905 shares of the company’s stock, valued at $1,139,236.65. The trade was a 16.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey W. Martin sold 49,737 shares of the stock in a transaction dated Thursday, January 30th. The shares were 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 directly 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. 0.24% of the stock is owned by insiders.

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.