Sempra (NYSE:SRE) Given Average Recommendation of “Buy” by Analysts

Sempra (NYSE:SRE) has received an average recommendation of “Buy” from the ten analysts that are covering the stock, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $91.20.

Several research firms have commented on SRE. Jefferies Financial Group assumed coverage on Sempra in a report on Thursday, October 24th. They issued a “buy” rating and a $98.00 price target for the company. Barclays reduced their price objective on Sempra from $99.00 to $95.00 and set an “overweight” rating on the stock in a research note 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. BMO Capital Markets lifted their price objective on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Finally, 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.

Sempra Stock Up 0.4 %

SRE opened at $84.19 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 stock has a market capitalization of $53.32 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 2.09 and a beta of 0.78. The business has a 50-day moving average of $84.61 and a two-hundred day moving average of $84.67. Sempra has a 12 month low of $66.40 and a 12 month high of $95.77.

Insiders Place Their Bets

In other news, VP Trevor I. Mihalik sold 23,713 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $93.09, for a total transaction of $2,207,443.17. Following the completion of the transaction, the vice president now directly owns 11,190 shares in the company, valued at approximately $1,041,677.10. This represents a 67.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Alexander Lisa Larroque sold 2,755 shares of the 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 transaction, 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 ownership of the stock. 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 90 days. 0.24% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sempra

Several institutional investors and hedge funds have recently made changes to their positions in the business. Meiji Yasuda Life Insurance Co boosted its stake in shares of Sempra by 21.0% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 20,724 shares of the utilities provider’s stock valued at $1,818,000 after buying an additional 3,601 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Sempra by 1,513.4% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 85,351 shares of the utilities provider’s stock valued at $7,487,000 after buying an additional 80,061 shares during the last quarter. Soros Fund Management LLC purchased a new position in shares of Sempra during the 4th quarter valued at approximately $6,140,000. Schonfeld Strategic Advisors LLC boosted its stake in shares of Sempra by 79.8% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 27,114 shares of the utilities provider’s stock valued at $2,378,000 after buying an additional 12,030 shares during the last quarter. Finally, Lido Advisors LLC raised its position in shares of Sempra by 567.2% during the 4th quarter. Lido Advisors LLC now owns 102,290 shares of the utilities provider’s stock valued at $9,036,000 after acquiring an additional 86,958 shares in the last quarter. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

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.