Edge Capital Group LLC Acquires New Shares 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 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 188,802 shares of the utilities provider’s stock, valued at approximately $16,562,000. Sempra makes up approximately 0.9% of Edge Capital Group LLC’s portfolio, making the stock its 27th biggest position.

Several other institutional investors and hedge funds have also recently made changes to their positions in SRE. FMR LLC raised its holdings in shares of Sempra by 9.1% in the third quarter. FMR LLC now owns 18,978,605 shares of the utilities provider’s stock valued at $1,587,181,000 after acquiring an additional 1,582,653 shares in the last quarter. State Street Corp raised its holdings in Sempra by 4.9% in the third quarter. State Street Corp now owns 32,940,620 shares of the utilities provider’s stock worth $2,774,974,000 after purchasing an additional 1,539,026 shares in the last quarter. National Bank of Canada FI raised its holdings in Sempra by 201.2% in the third quarter. National Bank of Canada FI now owns 620,394 shares of the utilities provider’s stock worth $51,882,000 after purchasing an additional 414,406 shares in the last quarter. Unigestion Holding SA bought a new position in Sempra in the third quarter worth about $33,023,000. Finally, Bank of Montreal Can raised its holdings in Sempra by 38.3% in the third quarter. Bank of Montreal Can now owns 1,420,045 shares of the utilities provider’s stock worth $118,219,000 after purchasing an additional 393,277 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors.

Sempra Price Performance

Shares of NYSE SRE opened at $87.11 on Monday. The business’s 50 day moving average price is $84.31 and its 200 day moving average price is $84.92. The firm has a market cap 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. Sempra has a 52 week low of $66.40 and a 52 week high of $95.77. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 0.89.

Analysts Set New Price Targets

A number of brokerages have commented on SRE. Wells Fargo & Company boosted their target price on shares of Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Morgan Stanley upgraded 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 report on Friday, December 13th. Barclays reduced their target price on shares of Sempra from $99.00 to $95.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Finally, Evercore ISI boosted their target price on shares of Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Ten analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $91.20.

Insiders Place Their Bets

In other news, CEO Jeffrey W. Martin sold 49,737 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was 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 $165.88. This represents a 100.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Alexander Lisa Larroque sold 2,755 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 13,905 shares of the company’s stock, valued at approximately $1,139,236.65. The trade was a 16.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

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.