Sempra (NYSE:SRE) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Sempra (NYSE:SRE) by 5.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 277,628 shares of the utilities provider’s stock after selling 16,374 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Sempra were worth $24,190,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP increased its position in shares of Sempra by 0.4% during the third quarter. Wellington Management Group LLP now owns 34,324,893 shares of the utilities provider’s stock valued at $2,870,591,000 after acquiring an additional 128,847 shares during the last quarter. State Street Corp increased its holdings in Sempra by 4.9% in the 3rd quarter. State Street Corp now owns 32,940,620 shares of the utilities provider’s stock valued at $2,774,974,000 after purchasing an additional 1,539,026 shares during the last quarter. FMR LLC increased its holdings in Sempra by 9.1% in the 3rd quarter. FMR LLC now owns 18,978,605 shares of the utilities provider’s stock valued at $1,587,181,000 after purchasing an additional 1,582,653 shares during the last quarter. Geode Capital Management LLC raised its position in Sempra by 1.2% in the third quarter. Geode Capital Management LLC now owns 12,761,872 shares of the utilities provider’s stock valued at $1,063,007,000 after purchasing an additional 145,873 shares during the period. Finally, Franklin Resources Inc. lifted its stake in Sempra by 1.7% during the third quarter. Franklin Resources Inc. now owns 7,695,988 shares of the utilities provider’s stock worth $639,921,000 after purchasing an additional 129,891 shares in the last quarter. 89.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, VP Trevor I. Mihalik sold 23,713 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the vice president now directly owns 11,190 shares of the company’s stock, valued at $1,041,677.10. This represents a 67.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Alexander Lisa Larroque sold 2,755 shares of the firm’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 transaction 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,205 shares of company stock worth $6,558,347. 0.24% of the stock is currently owned by insiders.

Sempra Stock Performance

NYSE:SRE opened at $84.19 on Friday. Sempra has a 12 month low of $66.40 and a 12 month high of $95.77. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.47. The firm has a market capitalization 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 business’s fifty day moving average price is $84.61 and its 200 day moving average price is $84.63.

Sempra Company 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.