Quaero Capital S.A. Buys 950 Shares of Sempra (NYSE:SRE)

Quaero Capital S.A. grew its position in shares of Sempra (NYSE:SRE) by 9.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,080 shares of the utilities provider’s stock after acquiring an additional 950 shares during the period. Quaero Capital S.A.’s holdings in Sempra were worth $972,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Private Advisor Group LLC boosted its holdings in shares of Sempra by 1.6% in the third quarter. Private Advisor Group LLC now owns 8,742 shares of the utilities provider’s stock valued at $731,000 after acquiring an additional 139 shares in the last quarter. LVM Capital Management Ltd. MI increased its position in Sempra by 2.4% during the fourth quarter. LVM Capital Management Ltd. MI now owns 6,677 shares of the utilities provider’s stock worth $586,000 after purchasing an additional 155 shares during the last quarter. Kingsview Wealth Management LLC increased its position in Sempra by 0.3% during the third quarter. Kingsview Wealth Management LLC now owns 46,518 shares of the utilities provider’s stock worth $3,890,000 after purchasing an additional 158 shares during the last quarter. CX Institutional grew its stake in Sempra by 5.5% during the third quarter. CX Institutional now owns 3,083 shares of the utilities provider’s stock worth $258,000 after buying an additional 161 shares during the period. Finally, Rosenberg Matthew Hamilton boosted its stake in shares of Sempra by 4.2% in the third quarter. Rosenberg Matthew Hamilton now owns 4,031 shares of the utilities provider’s stock valued at $337,000 after purchasing an additional 163 shares during the period. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Insiders Place Their Bets

In related news, 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 completion of the sale, the senior vice president now directly owns 13,905 shares of the company’s stock, valued at approximately $1,139,236.65. This represents a 16.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Trevor I. Mihalik sold 23,713 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $93.09, for a total transaction of $2,207,443.17. Following the sale, the vice president now directly owns 11,190 shares of the company’s stock, valued at approximately $1,041,677.10. This trade represents a 67.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 76,205 shares of company stock valued at $6,558,347. 0.24% of the stock is owned by insiders.

Sempra Stock Performance

Shares of SRE stock opened at $84.19 on Friday. The stock has a market cap of $53.32 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 2.09 and a beta of 0.78. The company’s fifty day moving average price is $84.72 and its 200-day moving average price is $84.60. Sempra has a 12 month low of $66.40 and a 12 month high of $95.77. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.89.

Wall Street Analysts Forecast Growth

SRE has been the topic of a number of analyst reports. Evercore ISI increased their price objective on shares of Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Barclays decreased their price objective 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. BMO Capital Markets upped their price objective on shares of Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Jefferies Financial Group assumed coverage on shares of Sempra in a report on Thursday, October 24th. They set a “buy” rating and a $98.00 price objective for the company. Finally, Wells Fargo & Company increased their price target 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. One investment analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.