Allworth Financial LP Acquires 3,349 Shares of Sempra (NYSE:SRE)

Allworth Financial LP grew its position in Sempra (NYSE:SRE) by 41.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,484 shares of the utilities provider’s stock after buying an additional 3,349 shares during the period. Allworth Financial LP’s holdings in Sempra were worth $951,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Principal Securities Inc. grew 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 buying an additional 990 shares during the period. Lodestone Wealth Management LLC bought a new position in Sempra in the fourth quarter valued at approximately $209,000. Quaero Capital S.A. increased its stake in shares of Sempra by 9.4% during the 4th quarter. Quaero Capital S.A. now owns 11,080 shares of the utilities provider’s stock worth $972,000 after purchasing an additional 950 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of Sempra by 44.3% during the 4th quarter. Valeo Financial Advisors LLC now owns 4,103 shares of the utilities provider’s stock worth $360,000 after buying an additional 1,259 shares during the period. Finally, Asset Planning Inc bought a new stake in shares of Sempra during the 4th quarter worth about $1,771,000. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SRE. Wells Fargo & Company boosted their price objective on shares of Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Jefferies Financial Group began 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. Morgan Stanley raised shares of Sempra from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $85.00 to $98.00 in a research note on Friday, December 13th. Barclays cut their target price on shares of Sempra from $99.00 to $95.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Finally, Evercore ISI raised their price objective 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. One equities research analyst has rated the stock with a sell rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $91.20.

Sempra Stock Up 0.9 %

SRE opened at $85.37 on Thursday. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.89. Sempra has a 12 month low of $66.40 and a 12 month high of $95.77. The company has a market cap of $54.07 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 2.14 and a beta of 0.78. The company has a 50 day moving average of $84.39 and a 200 day moving average of $84.74.

Insider Buying and Selling at Sempra

In other news, CEO Jeffrey W. Martin sold 49,737 shares of Sempra 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 completion of the sale, the chief executive officer now owns 2 shares in the company, 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 SEC, which can be accessed through this link. Also, SVP Alexander Lisa Larroque sold 2,755 shares of the company’s 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 directly 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 disclosure for this sale can be found here. Insiders own 0.27% 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.