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

Strategic Financial Concepts LLC acquired a new stake in Sempra (NYSE:SRE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 14,815 shares of the utilities provider's stock, valued at approximately $1,300,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Crews Bank & Trust bought a new position in Sempra in the 4th quarter valued at approximately $26,000. Eastern Bank bought a new position in Sempra in the 3rd quarter valued at approximately $28,000. Hollencrest Capital Management lifted its stake in Sempra by 250.0% in the 3rd quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider's stock valued at $32,000 after purchasing an additional 270 shares during the last quarter. ST Germain D J Co. Inc. lifted its stake in Sempra by 225.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 433 shares of the utilities provider's stock valued at $38,000 after purchasing an additional 300 shares during the last quarter. Finally, LRI Investments LLC lifted its stake in Sempra by 180.4% in the 3rd quarter. LRI Investments LLC now owns 443 shares of the utilities provider's stock valued at $40,000 after purchasing an additional 285 shares during the last quarter. Institutional investors own 89.65% of the company's stock.

Sempra Trading Up 0.4 %

NYSE SRE traded up $0.33 during mid-day trading on Friday, reaching $84.19. 3,603,492 shares of the stock were exchanged, compared to its average volume of 4,376,073. Sempra has a one year low of $66.40 and a one year high of $95.77. The stock has a 50 day simple moving average of $84.72 and a 200-day simple moving average of $84.60. The stock has a market cap of $53.32 billion, a P/E ratio of 18.54, a P/E/G ratio of 2.09 and a beta of 0.78. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.47.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SRE. BMO Capital Markets increased their price objective on shares of Sempra from $93.00 to $96.00 and gave the company an "outperform" rating in a research note on Monday, October 21st. Morgan Stanley raised shares of Sempra from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $85.00 to $98.00 in a research note on Friday, December 13th. Barclays dropped their price target on shares of Sempra from $99.00 to $95.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. Jefferies Financial Group started coverage on shares of Sempra in a research note on Thursday, October 24th. They set a "buy" rating and a $98.00 price target for the company. Finally, Wells Fargo & Company raised their price target on shares of Sempra from $87.00 to $96.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Sempra presently has an average rating of "Moderate Buy" and a consensus target price of $91.20.

Insider Buying and Selling

In other Sempra news, VP Trevor I. Mihalik sold 23,713 shares of the firm's stock in a transaction on Wednesday, November 20th. The shares were 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 in the company, valued at approximately $1,041,677.10. This trade represents a 67.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Alexander Lisa Larroque sold 2,755 shares of the firm's stock in a transaction on Tuesday, February 11th. The stock was 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. The trade was a 16.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 76,205 shares of company stock valued at $6,558,347 over the last quarter. Insiders own 0.24% of the company's stock.

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.