Fingerlakes Wealth Management Inc. Sells 143 Shares of Sempra (NYSE:SRE)

Fingerlakes Wealth Management Inc. lowered its position in shares of Sempra (NYSE:SRE) by 5.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,439 shares of the utilities provider’s stock after selling 143 shares during the quarter. Fingerlakes Wealth Management Inc.’s holdings in Sempra were worth $214,000 as of its most recent filing with the Securities & Exchange Commission.

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

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 value of $225,717.15. Following the sale, the senior vice president now directly owns 13,905 shares in the company, valued at $1,139,236.65. This represents a 16.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey W. Martin sold 49,737 shares of the business’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 transaction, the chief executive officer now owns 2 shares of the company’s stock, valued at $165.88. This trade represents a 100.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sempra Stock Performance

Shares of SRE opened at $85.37 on Thursday. Sempra has a 52-week low of $66.40 and a 52-week high of $95.77. The stock’s 50-day simple moving average is $84.39 and its 200 day simple moving average is $84.74. 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 $54.07 billion, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 2.14 and a beta of 0.78.

Sempra 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.