Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sempra shares valued at $4,996,049 were sold by Martin Jeffrey W on Mar 28. At $162.23 per share, Martin Jeffrey W sold 30,796 shares. The insider’s holdings dropped to 19,261 shares worth approximately $3.11 million following the completion of this transaction.
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Also, WALL PETER R sold 2,559 shares, netting a total of over 369,648 in proceeds. Following the sale of shares at $144.45 each, the insider now holds 6,776 shares.
Before that, Sedgwick Karen L had sold 908 shares from its account. In a trade valued at $122,653, the Chief HR Officer, CAO traded Sempra shares for $135.08 each. Upon closing the transaction, the insider’s holdings decreased to 908 shares, worth approximately $2.85 million.
As published in a research note from BofA Securities on July 14, 2022, Sempra [SRE] has been rated up from a Neutral to a Buy. Analysts at Goldman upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early July. As of April 26, 2022, Credit Suisse has initiated its “an Outperform” rating for SRE. Earlier on March 07, 2022, KeyBanc Capital Markets downgraded its rating. Their new recommendation was “a Sector weight” for SRE stock which previously was a “an Overweight”.
Analyzing SRE’s Price Performance
On Thursday, Sempra [NYSE: SRE] plunged -1.90% to $161.44. The stock’s lowest price that day was $160.80, but it reached a high of $164.97 in the same session. During the last five days, there has been a drop of approximately -1.31%. Over the course of the year, Sempra shares have jumped approximately 22.04%. Shares of the company reached a 52-week high of $173.28 on 04/20/22 and a 52-week low of $129.69 on 01/25/22. A 50-day SMA is recorded $154.40, while a 200-day SMA reached $145.85. Nevertheless, trading volume fell to 1.64 million shares from 1.49 million shares the previous day.
Support And Resistance Levels for Sempra (SRE)
According to the 24-hour chart, there is a support level at 159.84, which, if violated, would cause prices to drop to 158.23. In the upper region, resistance lies at 164.01. The next price resistance is at 166.57. RSI (Relative Strength Index) is 60.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.39, which suggests the price will increase in the coming days. Percent R is at 30.48%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Sempra subject to short interest?
Stocks of Sempra saw a sharp steep in short interest on Jul 14, 2022 dropping by 100000.0 shares to 3.85 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 3.95 million shares. A decline of -2.6% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.18 of the overall float, the days-to-cover ratio (short ratio) decline to 2.18.
Which companies own the most shares of Sempra (SRE)?
According to The Vanguard Group, Inc. filings, the company currently owns 25,999,424 shares, which is about 8.27% of the total SRE shares outstanding. The investor’s shares have appreciated by 98,558 from its previous 13-F filing of 25900866.0 shares. With the completion of the buy transaction, T. Rowe Price Associates, Inc.’s stake is now worth $3,699,659,121. Capital Research & Management Co acquire a 7.31% interest valued at $3.08 billion while SSgA Funds Management, Inc. purchased a 771,489 stake. A total of 313,640 shares of Sempra were bought by BlackRock Fund Advisors during the quarter, and 201,639 were bought by Wellington Management Co. LLP. In its current portfolio, Franklin Advisers, Inc. holds 7,855,202 shares valued at $1.18 billion.
In terms of Sempra share price expectations, FactSet research, analysts set an average price target of $171.75 in the next 12 months, up nearly 4.51% from the previous closing price of $164.57. Analysts anticipate Sempra stock to reach $192.00 by 2022, with the lowest price target being $160.00. In spite of this, 19 analysts ranked Sempra stock as an Overweight at the end of 2022.