Sempra (NYSE:SRE) Shares Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC grew its stake in Sempra (NYSE:SRE) by 61.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,568 shares of the utilities provider’s stock after purchasing an additional 7,481 shares during the period. Kestra Private Wealth Services LLC’s holdings in Sempra were worth $1,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC raised its holdings in shares of Sempra by 1.6% in the 3rd quarter. Private Advisor Group LLC now owns 8,742 shares of the utilities provider’s stock valued at $731,000 after purchasing an additional 139 shares in the last quarter. LVM Capital Management Ltd. MI increased its holdings in Sempra by 2.4% in the fourth quarter. LVM Capital Management Ltd. MI now owns 6,677 shares of the utilities provider’s stock valued at $586,000 after buying an additional 155 shares during the last quarter. Kingsview Wealth Management LLC increased its holdings in Sempra by 0.3% in the third quarter. Kingsview Wealth Management LLC now owns 46,518 shares of the utilities provider’s stock valued at $3,890,000 after buying an additional 158 shares during the last quarter. CX Institutional raised its stake in Sempra by 5.5% in the third quarter. CX Institutional now owns 3,083 shares of the utilities provider’s stock valued at $258,000 after buying an additional 161 shares in the last quarter. Finally, Rosenberg Matthew Hamilton lifted its holdings in Sempra by 4.2% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 4,031 shares of the utilities provider’s stock worth $337,000 after buying an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Insider Activity

In related news, VP Trevor I. Mihalik sold 23,713 shares of Sempra stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $93.09, for a total value of $2,207,443.17. Following the transaction, the vice president now directly owns 11,190 shares in the company, valued at $1,041,677.10. This trade represents a 67.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey W. Martin sold 49,737 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $82.94, for a total transaction of $4,125,186.78. Following the transaction, the chief executive officer now owns 2 shares of the company’s stock, valued at approximately $165.88. The trade was a 100.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,205 shares of company stock valued at $6,558,347. Company insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on SRE. Barclays dropped their price objective on Sempra from $99.00 to $95.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Evercore ISI raised their price objective on shares of Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. BMO Capital Markets upped their target price on shares of Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Wells Fargo & Company increased their target price on shares of Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, 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 for the company. One research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.20.

Sempra Stock Performance

NYSE SRE opened at $82.95 on Thursday. The business’s 50-day moving average price is $85.03 and its 200 day moving average price is $84.62. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 0.89. The firm has a market cap of $52.54 billion, a P/E ratio of 18.27, a P/E/G ratio of 2.09 and a beta of 0.78. Sempra has a 52-week low of $66.40 and a 52-week high of $95.77.

About Sempra

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.