Sempra (NYSE:SRE) Shares Sold by Csenge Advisory Group

Csenge Advisory Group cut its position in shares of Sempra (NYSE:SRE) by 14.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,265 shares of the utilities provider’s stock after selling 1,019 shares during the period. Csenge Advisory Group’s holdings in Sempra were worth $550,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. James Investment Research Inc. boosted its stake in Sempra by 0.8% during the fourth quarter. James Investment Research Inc. now owns 27,133 shares of the utilities provider’s stock worth $2,380,000 after buying an additional 222 shares during the period. Strategic Financial Concepts LLC acquired a new position in shares of Sempra in the 4th quarter worth approximately $1,300,000. Allworth Financial LP lifted its holdings in shares of Sempra by 41.2% in the 4th quarter. Allworth Financial LP now owns 11,484 shares of the utilities provider’s stock worth $951,000 after acquiring an additional 3,349 shares during the last quarter. Principal Securities Inc. boosted its position in shares of Sempra by 11.7% during the 4th quarter. Principal Securities Inc. now owns 9,479 shares of the utilities provider’s stock worth $831,000 after purchasing an additional 990 shares during the period. Finally, Lodestone Wealth Management LLC acquired a new stake in Sempra in the 4th quarter valued at approximately $209,000. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Sempra Price Performance

Sempra stock opened at $84.59 on Wednesday. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.89. The company has a fifty day simple moving average of $84.51 and a 200-day simple moving average of $84.72. The stock has a market cap of $53.58 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 2.09 and a beta of 0.78. Sempra has a 12-month low of $66.40 and a 12-month high of $95.77.

Analysts Set New Price Targets

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

Insider Buying and Selling at Sempra

In other news, CEO Jeffrey W. Martin sold 49,737 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 2 shares of the company’s stock, valued at approximately $165.88. This trade represents a 100.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Alexander Lisa Larroque sold 2,755 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $81.93, for a total value of $225,717.15. Following the sale, the senior vice president now owns 13,905 shares of the company’s stock, 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 owned by insiders.

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.