Sempra (NYSE:SRE) Stake Lessened by Wealth Alliance

Wealth Alliance cut its stake in Sempra (NYSE:SRE) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,394 shares of the utilities provider’s stock after selling 148 shares during the period. Wealth Alliance’s holdings in Sempra were worth $649,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SRE. Crews Bank & Trust bought a new position in shares of Sempra in the fourth quarter valued at approximately $26,000. Eastern Bank acquired a new position in Sempra in the third quarter worth approximately $28,000. Human Investing LLC acquired a new position in Sempra in the fourth quarter worth approximately $31,000. Hollencrest Capital Management grew its position in Sempra by 250.0% in the third quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider’s stock worth $32,000 after buying an additional 270 shares during the last quarter. Finally, ST Germain D J Co. Inc. grew its position in Sempra by 225.6% in the fourth quarter. ST Germain D J Co. Inc. now owns 433 shares of the utilities provider’s stock worth $38,000 after buying an additional 300 shares during the last quarter. 89.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on SRE shares. Barclays decreased their price target on shares of Sempra from $99.00 to $95.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Jefferies Financial Group started 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. Evercore ISI lifted their price target 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. 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 report on Friday, December 13th. Finally, Wells Fargo & Company lifted their price target on shares of Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $91.20.

Insider Buying and Selling at Sempra

In other Sempra news, SVP Alexander Lisa Larroque sold 2,755 shares of Sempra stock in a transaction 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 completion of the sale, 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 position. The sale was disclosed in a filing with the SEC, which is available at 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 sale, the chief executive officer now directly owns 2 shares of the company’s stock, valued at $165.88. This trade represents a 100.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

Sempra Trading Up 0.8 %

Sempra stock opened at $86.01 on Friday. The company has a 50 day moving average price of $84.36 and a 200 day moving average price of $84.75. Sempra has a 52 week low of $66.40 and a 52 week high of $95.77. 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 firm has a market capitalization of $54.48 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of 2.16 and a beta of 0.78.

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.