Truist Financial Corp Raises Stock Position in Sempra (NYSE:SRE)

Truist Financial Corp grew its holdings in Sempra (NYSE:SRE) by 5.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,471 shares of the utilities provider’s stock after buying an additional 3,959 shares during the period. Truist Financial Corp’s holdings in Sempra were worth $7,147,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its stake in shares of Sempra by 633.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 29,917 shares of the utilities provider’s stock worth $2,624,000 after purchasing an additional 25,838 shares during the period. Unigestion Holding SA bought a new stake in shares of Sempra in the 3rd quarter valued at about $33,023,000. JPMorgan Chase & Co. raised its stake in shares of Sempra by 8.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,428,132 shares of the utilities provider’s stock worth $286,695,000 after acquiring an additional 278,183 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Sempra by 1.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 357,107 shares of the utilities provider’s stock worth $29,865,000 after acquiring an additional 6,709 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of Sempra during the 3rd quarter worth approximately $675,000. 89.65% of the stock is owned by hedge funds and other institutional investors.

Sempra Price Performance

Shares of NYSE SRE opened at $87.11 on Friday. The firm has a 50-day simple moving average of $84.31 and a 200-day simple moving average of $84.86. The stock has a market capitalization of $55.18 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 2.19 and a beta of 0.78. 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.

Insider Buying and Selling

In other Sempra news, SVP Alexander Lisa Larroque sold 2,755 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $81.93, for a total transaction of $225,717.15. Following the completion of the transaction, the senior vice president now owns 13,905 shares of the company’s stock, valued at $1,139,236.65. This trade represents a 16.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 directly owns 2 shares of the company’s stock, valued at approximately $165.88. The trade was a 100.00 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on SRE. Morgan Stanley raised shares of Sempra from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $85.00 to $98.00 in a research report on Friday, December 13th. Evercore ISI upped their price objective on shares of Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Barclays lowered their price target 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. Finally, 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. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Sempra presently has a consensus rating of “Buy” and a consensus 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.