Stonebridge Financial Group LLC Purchases New Stake in Sempra (NYSE:SRE)

Stonebridge Financial Group LLC acquired a new position in Sempra (NYSE:SRE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,830 shares of the utilities provider’s stock, valued at approximately $160,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Soltis Investment Advisors LLC acquired a new stake in shares of Sempra during the 4th quarter valued at approximately $221,000. Savant Capital LLC increased its stake in Sempra by 40.1% in the 4th quarter. Savant Capital LLC now owns 9,204 shares of the utilities provider’s stock valued at $807,000 after purchasing an additional 2,635 shares in the last quarter. Kestra Private Wealth Services LLC increased its stake in Sempra by 61.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 19,568 shares of the utilities provider’s stock valued at $1,717,000 after purchasing an additional 7,481 shares in the last quarter. Miller Howard Investments Inc. NY raised its holdings in Sempra by 3.4% during the fourth quarter. Miller Howard Investments Inc. NY now owns 107,322 shares of the utilities provider’s stock worth $9,414,000 after purchasing an additional 3,502 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in Sempra by 9.9% during the fourth quarter. Empowered Funds LLC now owns 11,812 shares of the utilities provider’s stock worth $1,036,000 after purchasing an additional 1,068 shares in the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

Sempra Stock Down 0.6 %

SRE stock opened at $82.95 on Thursday. The company has a 50 day moving average price of $85.03 and a two-hundred day moving average price of $84.62. 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 stock has a market capitalization of $52.54 billion, a P/E ratio of 18.27, a PEG ratio of 2.09 and a beta of 0.78. Sempra has a one year low of $66.40 and a one year high of $95.77.

Wall Street Analysts Forecast Growth

SRE has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price target on Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. 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 research report on Thursday, November 7th. Jefferies Financial Group initiated coverage on shares of Sempra in a research report on Thursday, October 24th. They issued a “buy” rating and a $98.00 price target on the stock. Barclays dropped their price objective on shares of Sempra from $99.00 to $95.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Finally, BMO Capital Markets increased their target price on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.20.

Insider Transactions at Sempra

In other Sempra news, SVP Alexander Lisa Larroque sold 2,755 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $81.93, for a total transaction of $225,717.15. Following the transaction, the senior vice president now owns 13,905 shares of the company’s stock, valued at $1,139,236.65. This trade represents a 16.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey W. Martin sold 49,737 shares of Sempra stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $82.94, for a total transaction of $4,125,186.78. Following the completion of the transaction, the chief executive officer now owns 2 shares in the company, valued at approximately $165.88. This trade represents a 100.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 76,205 shares of company stock worth $6,558,347 over the last quarter. 0.24% of the stock is currently owned by insiders.

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.