Sempra executive vice president sells $343,096 in stock

In a recent transaction involving Sempra (NYSE:SRE), Executive Vice President Justin Christopher Bird sold a significant portion of his holdings in the company. On April 1, 2025, Bird executed the sale of a total of 4,817 shares of Sempra common stock, with prices ranging from $71.07 to $71.51 per share. This transaction amounted to a total value of approximately $343,096. The sale comes as Sempra’s stock, currently trading at $72.84, has experienced a notable decline over the past three months. According to InvestingPro analysis, the company appears to be overvalued at current levels.

Following the sale, Bird retains ownership of 19,777.55 shares directly and an additional 4,574.37 shares indirectly through a 401(k) savings plan as of March 31, 2025. The sale was conducted under a pre-arranged trading plan, as indicated by the filing. Notably, InvestingPro data shows that Sempra has maintained dividend payments for 28 consecutive years, with a current yield of 3.54%.

This move comes as part of Bird’s ongoing management of his investment portfolio, and it reflects the executive’s strategic financial decisions within the company’s stock framework. For deeper insights into insider trading patterns and access to 7 additional exclusive ProTips, consider exploring InvestingPro’s comprehensive analysis tools.

In other recent news, Sempra announced its intention to sell its natural gas distribution assets in Mexico, including a minority stake in Sempra Infrastructure. This strategic move aims to streamline operations and reinvest proceeds into regulated utilities in Texas and California. The company anticipates the divestiture process to take 12 to 18 months, with regulatory approvals required. Concurrently, Moody’s downgraded Sempra’s outlook from stable to negative, citing weak credit metrics and risks associated with the planned asset sales. Despite maintaining a Baa2 rating, Moody’s highlighted concerns over Sempra’s financial performance, noting a lower-than-expected ratio of CFO pre-W/C to debt.

Additionally, Sempra’s subsidiary, San Diego Gas & Electric Company (SDG&E), issued $850 million in bonds as part of its capital-raising efforts. The 5.400% First Mortgage Bonds, due 2035, were sold to a group of underwriters for public offering. UBS maintained a neutral rating on Sempra, with a $78 price target, reflecting a cautious stance until further clarity on asset sales is achieved. The firm emphasized the need for transparency on the financial impact of these transactions. These developments highlight Sempra’s ongoing efforts to optimize its asset portfolio and financial structure amidst regulatory and market challenges.

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