Louisiana State Employees Retirement System Has $2.99 Million Stock Holdings in Sempra (NYSE:SRE)

Louisiana State Employees Retirement System cut its stake in shares of Sempra (NYSE:SRE) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,100 shares of the utilities provider’s stock after selling 1,500 shares during the period. Louisiana State Employees Retirement System’s holdings in Sempra were worth $2,991,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SRE. FMR LLC raised its position in shares of Sempra by 9.1% during the third quarter. FMR LLC now owns 18,978,605 shares of the utilities provider’s stock worth $1,587,181,000 after purchasing an additional 1,582,653 shares during the period. State Street Corp raised its position in shares of Sempra by 4.9% during 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 during the period. National Bank of Canada FI raised its position in Sempra by 201.2% during the third quarter. National Bank of Canada FI now owns 620,394 shares of the utilities provider’s stock valued at $51,882,000 after buying an additional 414,406 shares during the period. Unigestion Holding SA acquired a new position in Sempra during the third quarter valued at $33,023,000. Finally, Bank of Montreal Can raised its position in Sempra by 38.3% during the third quarter. Bank of Montreal Can now owns 1,420,045 shares of the utilities provider’s stock valued at $118,219,000 after buying an additional 393,277 shares during the period. 89.65% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sempra

In other news, SVP Alexander Lisa Larroque sold 2,755 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $81.93, for a total transaction of $225,717.15. Following the completion of the sale, the senior vice president now owns 13,905 shares in the company, 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 hyperlink. Also, VP Trevor I. Mihalik sold 23,713 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $93.09, for a total value of $2,207,443.17. Following the sale, the vice president now 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,205 shares of company stock worth $6,558,347. 0.24% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SRE shares. Barclays dropped their price target on Sempra from $99.00 to $95.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Wells Fargo & Company upped their price target on Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. BMO Capital Markets upped their price target on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Evercore ISI upped their price target on Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Morgan Stanley raised Sempra from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $85.00 to $98.00 in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $91.20.

Sempra Stock Performance

Shares of SRE stock opened at $83.88 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.47. Sempra has a fifty-two week low of $66.40 and a fifty-two week high of $95.77. The stock’s 50-day moving average is $84.86 and its two-hundred day moving average is $84.61. The firm has a market cap of $53.13 billion, a P/E ratio of 18.48, a PEG ratio of 2.09 and a beta of 0.78.

Sempra 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.