14,815 Shares in Sempra (NYSE:SRE) Purchased by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC acquired a new stake in shares of Sempra (NYSE:SRE) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 14,815 shares of the utilities provider’s stock, valued at approximately $1,300,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mather Group LLC. boosted its stake in Sempra by 35.5% in the 3rd quarter. Mather Group LLC. now owns 740 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 194 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Sempra by 398.5% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,379 shares of the utilities provider’s stock worth $452,000 after buying an additional 4,300 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of Sempra by 5,017.6% during the third quarter. Exchange Traded Concepts LLC now owns 10,184 shares of the utilities provider’s stock valued at $852,000 after buying an additional 9,985 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in Sempra by 8.5% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 751,531 shares of the utilities provider’s stock valued at $62,851,000 after buying an additional 59,135 shares during the period. Finally, Procyon Advisors LLC lifted its stake in Sempra by 10.5% in the 3rd quarter. Procyon Advisors LLC now owns 56,819 shares of the utilities provider’s stock worth $4,752,000 after acquiring an additional 5,394 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Trevor I. Mihalik sold 23,713 shares of Sempra stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $93.09, for a total value of $2,207,443.17. Following the completion of the sale, the vice president now directly owns 11,190 shares of the company’s stock, valued at approximately $1,041,677.10. This trade represents a 67.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey W. Martin sold 49,737 shares of the business’s stock in a transaction that occurred on 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 directly owns 2 shares of the company’s stock, valued at approximately $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 0.24% of the company’s stock.

Sempra Stock Up 0.1 %

SRE opened at $82.07 on Tuesday. The company has a market capitalization of $51.99 billion, a P/E ratio of 18.08, a P/E/G ratio of 2.09 and a beta of 0.78. The firm’s fifty day moving average price is $85.40 and its two-hundred day moving average price is $84.55. Sempra has a fifty-two week low of $66.40 and a fifty-two week high of $95.77. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.47.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. BMO Capital Markets lifted their target price on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Jefferies Financial Group initiated coverage on shares of Sempra in a research note on Thursday, October 24th. They issued a “buy” rating and a $98.00 price objective on the stock. Wells Fargo & Company increased their target price 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. Evercore ISI upped their price target on shares of Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Barclays reduced their price objective on Sempra from $99.00 to $95.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.20.

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.