New York State Common Retirement Fund Acquires 17,400 Shares of Sempra (NYSE:SRE)

New York State Common Retirement Fund raised its holdings in shares of Sempra (NYSE:SRE) by 2.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 774,797 shares of the utilities provider’s stock after buying an additional 17,400 shares during the period. New York State Common Retirement Fund’s holdings in Sempra were worth $67,965,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Wellington Management Group LLP grew its stake in shares of Sempra by 0.4% during the 3rd quarter. Wellington Management Group LLP now owns 34,324,893 shares of the utilities provider’s stock worth $2,870,591,000 after acquiring an additional 128,847 shares in the last quarter. State Street Corp grew its stake in shares of Sempra by 4.9% during the 3rd quarter. State Street Corp now owns 32,940,620 shares of the utilities provider’s stock worth $2,774,974,000 after acquiring an additional 1,539,026 shares in the last quarter. FMR LLC grew its stake in shares of Sempra by 9.1% during the 3rd quarter. FMR LLC now owns 18,978,605 shares of the utilities provider’s stock worth $1,587,181,000 after acquiring an additional 1,582,653 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Sempra by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 12,761,872 shares of the utilities provider’s stock worth $1,063,007,000 after acquiring an additional 145,873 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Sempra by 1.7% during the 3rd quarter. Franklin Resources Inc. now owns 7,695,988 shares of the utilities provider’s stock worth $639,921,000 after acquiring an additional 129,891 shares in the last quarter. 89.65% of the stock is owned by institutional investors.

Sempra Trading Up 0.9 %

Shares of Sempra stock opened at $85.37 on Thursday. The business has a fifty day simple moving average of $84.39 and a two-hundred day simple moving average of $84.74. Sempra has a 1 year low of $66.40 and a 1 year high of $95.77. The company has a market capitalization of $54.07 billion, a price-to-earnings ratio of 18.80, a P/E/G ratio of 2.14 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.

Insider Buying and Selling at Sempra

In other news, CEO Jeffrey W. Martin sold 49,737 shares of Sempra stock in a transaction 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 sale, the chief executive officer now owns 2 shares of the company’s stock, valued at approximately $165.88. This trade represents a 100.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the senior vice president now directly owns 13,905 shares of the company’s stock, valued at $1,139,236.65. This represents a 16.54 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

SRE has been the subject of several research reports. Wells Fargo & Company raised their price target on shares of Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Jefferies Financial Group assumed coverage on shares of Sempra in a research note on Thursday, October 24th. They issued a “buy” rating and a $98.00 target price for the company. Evercore ISI raised their target price on shares of Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Barclays decreased their target price on shares of Sempra from $99.00 to $95.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Finally, Morgan Stanley raised shares of Sempra from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $85.00 to $98.00 in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Sempra currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.20.

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.