Reasons for Debra Reed’s Shares Sale of Sempra Energy (SRE)’s Stock; Martin & Company Increased First Bancorp. (FBNC) Position

First Bancorp (NASDAQ:FBNC) Logo

Martin & Company Inc increased First Bancorp. (FBNC) stake by 66.66% reported in 2017Q4 SEC filing. Martin & Company Inc acquired 24,460 shares as First Bancorp. (FBNC)’s stock declined 1.88%. The Martin & Company Inc holds 61,155 shares with $2.16 million value, up from 36,695 last quarter. First Bancorp. now has $1.06 billion valuation. The stock decreased 2.76% or $1.01 during the last trading session, reaching $35.62. About 111,235 shares traded or 23.80% up from the average. First Bancorp (NASDAQ:FBNC) has risen 23.28% since April 7, 2017 and is uptrending. It has outperformed by 11.73% the S&P500.

First Bancorp (NASDAQ:FBNC) Ratings Coverage

Among 9 analysts covering First Bancorp (NASDAQ:FBNC), 4 have Buy rating, 1 Sell and 4 Hold. Therefore 44% are positive. First Bancorp has $44.0 highest and $20 lowest target. $35’s average target is -1.74% below currents $35.62 stock price. First Bancorp had 26 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, October 26 by Piper Jaffray. As per Wednesday, August 2, the company rating was maintained by Piper Jaffray. The stock of First Bancorp (NASDAQ:FBNC) earned “Buy” rating by Brean Capital on Monday, October 23. On Monday, August 24 the stock rating was upgraded by Zacks to “Sell”. The firm earned “Hold” rating on Monday, November 14 by Gabelli. The firm has “Overweight” rating by PiperJaffray given on Thursday, October 5. Brean Capital maintained the stock with “Buy” rating in Monday, October 30 report. Keefe Bruyette & Woods maintained First Bancorp (NASDAQ:FBNC) rating on Thursday, December 21. Keefe Bruyette & Woods has “Buy” rating and $41.0 target. The firm earned “Buy” rating on Wednesday, August 2 by Brean Capital. The rating was maintained by Brean Capital with “Buy” on Monday, January 29.

Since December 20, 2017, it had 1 insider buy, and 1 insider sale for $15,824 activity. Shares for $83,356 were sold by Capel Mary Clara. $99,180 worth of First Bancorp (NASDAQ:FBNC) was bought by MOORE RICHARD H on Wednesday, December 20.

Investors sentiment increased to 2.71 in Q4 2017. Its up 1.65, from 1.06 in 2017Q3. It improved, as 14 investors sold FBNC shares while 20 reduced holdings. 31 funds opened positions while 61 raised stakes. 17.80 million shares or 8.54% more from 16.40 million shares in 2017Q3 were reported. The Missouri-based Kennedy Cap Mngmt Inc has invested 0.09% in First Bancorp (NASDAQ:FBNC). Parsec Fincl Management Inc has 85,565 shares for 0.2% of their portfolio. California State Teachers Retirement System holds 0% in First Bancorp (NASDAQ:FBNC) or 44,339 shares. Stifel Financial Corp invested 0% in First Bancorp (NASDAQ:FBNC). Blackrock holds 1.88 million shares or 0% of its portfolio. United Kingdom-based Gsa Limited Liability Partnership has invested 0.1% in First Bancorp (NASDAQ:FBNC). Dalton Greiner Hartman Maher stated it has 88,967 shares. State Board Of Administration Of Florida Retirement Systems invested 0% in First Bancorp (NASDAQ:FBNC). Manufacturers Life The reported 21,022 shares. Jpmorgan Chase has 0% invested in First Bancorp (NASDAQ:FBNC) for 119,389 shares. Banc Funds Ltd Liability, Illinois-based fund reported 365,363 shares. Livingston Group Inc Asset Mngmt (Operating As Southport Cap Management) accumulated 0.48% or 35,714 shares. Dana Invest stated it has 0.12% in First Bancorp (NASDAQ:FBNC). Arrowstreet Lp, a Massachusetts-based fund reported 11,300 shares. Penn Cap owns 42,286 shares.

Among 9 analysts covering Sempra Energy (NYSE:SRE), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Sempra Energy has $134 highest and $104 lowest target. $117.56’s average target is 5.79% above currents $111.13 stock price. Sempra Energy had 21 analyst reports since September 15, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Buy” on Sunday, November 5. The firm earned “Buy” rating on Sunday, August 27 by RBC Capital Markets. On Wednesday, October 11 the stock rating was upgraded by Goldman Sachs to “Buy”. Wells Fargo maintained it with “Buy” rating and $121.0 target in Wednesday, January 3 report. On Sunday, July 23 the stock rating was maintained by RBC Capital Markets with “Buy”. BMO Capital Markets maintained the stock with “Hold” rating in Friday, August 4 report. The firm has “Outperform” rating given on Tuesday, October 10 by Wells Fargo. The rating was maintained by Morgan Stanley on Thursday, August 10 with “Overweight”. As per Wednesday, February 28, the company rating was maintained by Wells Fargo. JP Morgan maintained it with “Neutral” rating and $124 target in Wednesday, November 1 report.

Sempra Energy, together with its subsidiaries, engages in energy business worldwide. The company has market cap of $29.33 billion. The company's San Diego Gas & Electric Company segment transmits and distributes electricity and/or natural gas. It has a 110.03 P/E ratio. As of December 31, 2016, this segment had approximately 1.4 million electric meters and 878,000 natural gas meters.

Investors sentiment increased to 1.27 in Q4 2017. Its up 0.08, from 1.19 in 2017Q3. It is positive, as 34 investors sold Sempra Energy shares while 165 reduced holdings. 67 funds opened positions while 185 raised stakes. 192.21 million shares or 2.89% less from 197.93 million shares in 2017Q3 were reported. M&R Cap Management Incorporated accumulated 0.06% or 2,525 shares. Alphamark Advsr Limited owns 100 shares or 0% of their US portfolio. Sei reported 0.02% stake. Ls Invest Limited Liability Corporation invested in 0.11% or 18,455 shares. Fulton Breakefield Broenniman Limited Liability Corp has invested 0.82% in Sempra Energy (NYSE:SRE). Proshare Advisors Limited Company reported 0.04% of its portfolio in Sempra Energy (NYSE:SRE). Quantres Asset Mngmt holds 0.53% or 7,900 shares. Quantbot Technologies Ltd Partnership reported 3,756 shares. Comerica Commercial Bank owns 90,059 shares for 0.06% of their portfolio. Duff And Phelps Inv Mngmt Co reported 999,680 shares stake. Ftb Advsr reported 0% of its portfolio in Sempra Energy (NYSE:SRE). State Of New Jersey Common Pension Fund D invested in 120,000 shares or 0.05% of the stock. Gradient Limited Liability Com reported 8,337 shares or 0.05% of all its holdings. 122,849 were reported by Keybank National Association Oh. Meag Munich Ergo Kapitalanlagegesellschaft Mbh invested in 0.05% or 12,024 shares.

The Chairman – President and CEO of Sempra Energy and corporation’s insider Debra Reed sold 49,909 shares of the California-based company based on the price of stock which is $110.4 per share. The sold shares are valued at approximately $5,508,650 U.S Dollars. Debra Reed now indirectly has in hand 26131 shares. She also directly has in hand 127318 shares. In total she holds a stake of 0.06%. This sale, which was filled on April 06, 2018 was unveiled in a report with the Washington-based Security and Exchange Commission.

Analysts await Sempra Energy (NYSE:SRE) to report earnings on May, 8. They expect $2.07 EPS, up 18.97% or $0.33 from last year’s $1.74 per share. SRE’s profit will be $546.29M for 13.42 P/E if the $2.07 EPS becomes a reality. After $1.54 actual EPS reported by Sempra Energy for the previous quarter, Wall Street now forecasts 34.42% EPS growth.

The stock decreased 0.36% or $0.4 during the last trading session, reaching $111.13. About 2.08 million shares traded. Sempra Energy (NYSE:SRE) has declined 0.38% since April 7, 2017 and is downtrending. It has underperformed by 11.93% the S&P500.

First Bancorp (NASDAQ:FBNC) Institutional Positions Chart