Wealth Alliance Has $649,000 Holdings in Sempra (NYSE:SRE)

Wealth Alliance lessened its holdings in Sempra (NYSE:SRE) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,394 shares of the utilities provider’s stock after selling 148 shares during the period. Wealth Alliance’s holdings in Sempra were worth $649,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. TKG Advisors LLC acquired a new stake in shares of Sempra in the 4th quarter valued at $234,000. Werba Rubin Papier Wealth Management acquired a new stake in shares of Sempra in the 4th quarter valued at $201,000. New York State Common Retirement Fund lifted its stake in shares of Sempra by 2.3% in the 4th quarter. New York State Common Retirement Fund now owns 774,797 shares of the utilities provider’s stock valued at $67,965,000 after purchasing an additional 17,400 shares during the last quarter. Atria Wealth Solutions Inc. raised its holdings in Sempra by 29.7% in the 4th quarter. Atria Wealth Solutions Inc. now owns 35,833 shares of the utilities provider’s stock worth $3,148,000 after acquiring an additional 8,208 shares during the period. Finally, Empower Advisory Group LLC raised its holdings in Sempra by 2.6% in the 4th quarter. Empower Advisory Group LLC now owns 1,071,091 shares of the utilities provider’s stock worth $93,956,000 after acquiring an additional 26,821 shares during the period. Institutional investors and hedge funds own 89.65% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Morgan Stanley upgraded shares of Sempra from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $85.00 to $98.00 in a report on Friday, December 13th. Evercore ISI lifted their target price on shares of Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Barclays dropped their target price on shares of Sempra from $99.00 to $95.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Wells Fargo & Company lifted their target price on shares of Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, Jefferies Financial Group assumed coverage on shares of Sempra in a report on Thursday, October 24th. They issued a “buy” rating and a $98.00 target price on the stock. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $91.20.

Insider Activity at Sempra

In related news, CEO Jeffrey W. Martin sold 49,737 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $82.94, for a total value of $4,125,186.78. Following the sale, the chief executive officer now owns 2 shares of the company’s stock, valued at $165.88. The trade was a 100.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Alexander Lisa Larroque sold 2,755 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were 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 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. 0.24% of the stock is currently owned by insiders.

Sempra Stock Performance

NYSE:SRE opened at $86.01 on Friday. The firm’s 50-day moving average is $84.36 and its 200-day moving average is $84.75. Sempra has a 52-week low of $66.40 and a 52-week high of $95.77. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.47 and a current ratio of 0.52. The company has a market cap of $54.48 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 2.16 and a beta of 0.78.

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.