Stonebridge Financial Group LLC Purchases Shares of 1,830 Sempra (NYSE:SRE)

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

Other institutional investors and hedge funds have also made changes to their positions in the company. Unigestion Holding SA acquired a new position in Sempra during the 3rd quarter worth approximately $33,023,000. Geneos Wealth Management Inc. lifted its position in shares of Sempra by 633.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 29,917 shares of the utilities provider’s stock worth $2,624,000 after purchasing an additional 25,838 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Sempra by 8.8% during the third quarter. JPMorgan Chase & Co. now owns 3,428,132 shares of the utilities provider’s stock worth $286,695,000 after purchasing an additional 278,183 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Sempra by 1.9% in the third quarter. PNC Financial Services Group Inc. now owns 357,107 shares of the utilities provider’s stock valued at $29,865,000 after buying an additional 6,709 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new position in Sempra in the third quarter valued at $675,000. 89.65% of the stock is owned by institutional investors and hedge funds.

Sempra Price Performance

Shares of NYSE:SRE opened at $82.95 on Thursday. Sempra has a one year low of $66.40 and a one year high of $95.77. The stock has a market capitalization of $52.54 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 2.09 and a beta of 0.78. The company has a 50-day simple moving average of $85.03 and a 200-day simple moving average 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.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SRE shares. Barclays cut their target price on Sempra from $99.00 to $95.00 and set an “overweight” rating on the stock in a research 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. Wells Fargo & Company upped their target price on shares of Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Morgan Stanley upgraded shares of Sempra from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $85.00 to $98.00 in a research note on Friday, December 13th. Finally, BMO Capital Markets boosted their price target on shares of Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Sempra currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.20.

Insider Activity at Sempra

In other Sempra news, CEO Jeffrey W. Martin sold 49,737 shares of the company’s 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 represents a 100.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Trevor I. Mihalik sold 23,713 shares of Sempra stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $93.09, for a total transaction of $2,207,443.17. Following the completion of the sale, the vice president now directly owns 11,190 shares in the company, valued at approximately $1,041,677.10. The trade was a 67.94 % 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 in the last quarter. Company insiders own 0.24% of the company’s stock.

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.