Analysts Set Sempra (NYSE:SRE) PT at $91.20

Shares of Sempra (NYSE:SRE) have received a consensus rating of “Buy” from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. Ten analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $91.20.

A number of equities research analysts have issued reports on the company. Morgan Stanley upgraded 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. Barclays cut their target price 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 shares of Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company lifted their price objective on shares of Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th.

Sempra Stock Performance

SRE stock opened at $87.11 on Monday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.47 and a current ratio of 0.52. The stock has a market capitalization of $55.18 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 2.19 and a beta of 0.78. Sempra has a 1 year low of $66.40 and a 1 year high of $95.77. The stock’s fifty day moving average is $84.31 and its two-hundred day moving average is $84.92.

Insiders Place Their Bets

In other Sempra news, SVP Alexander Lisa Larroque sold 2,755 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were 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 in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey W. Martin sold 49,737 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $165.88. This trade represents a 100.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sempra

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Sempra by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 63,018,055 shares of the utilities provider’s stock worth $5,527,944,000 after purchasing an additional 490,269 shares in the last quarter. Wellington Management Group LLP increased its stake in Sempra by 11.9% in the 4th quarter. Wellington Management Group LLP now owns 38,407,154 shares of the utilities provider’s stock worth $3,369,076,000 after purchasing an additional 4,082,261 shares in the last quarter. State Street Corp increased its stake in Sempra by 4.9% in the 3rd 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. FMR LLC increased its stake in Sempra by 8.0% in the 4th quarter. FMR LLC now owns 20,489,918 shares of the utilities provider’s stock worth $1,797,376,000 after purchasing an additional 1,511,313 shares in the last quarter. Finally, Norges Bank purchased a new position in Sempra in the 4th quarter worth about $1,535,000,000. Hedge funds and other institutional investors own 89.65% 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.