Allworth Financial LP Raises Stock Position in Sempra (NYSE:SRE)

Allworth Financial LP lifted its position in shares of Sempra (NYSE:SRE - Free Report) by 41.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,484 shares of the utilities provider's stock after purchasing an additional 3,349 shares during the period. Allworth Financial LP's holdings in Sempra were worth $951,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Crews Bank & Trust bought a new position in shares of Sempra during the fourth quarter worth approximately $26,000. Eastern Bank bought a new position in Sempra during the 3rd quarter worth $28,000. Hollencrest Capital Management increased its stake in Sempra by 250.0% during the 3rd quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider's stock worth $32,000 after acquiring an additional 270 shares during the period. ST Germain D J Co. Inc. increased its stake in Sempra by 225.6% during the 4th quarter. ST Germain D J Co. Inc. now owns 433 shares of the utilities provider's stock worth $38,000 after acquiring an additional 300 shares during the period. Finally, LRI Investments LLC increased its stake in Sempra by 180.4% during the 3rd quarter. LRI Investments LLC now owns 443 shares of the utilities provider's stock worth $40,000 after acquiring an additional 285 shares during the period. Institutional investors own 89.65% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on SRE. Morgan Stanley raised Sempra from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $85.00 to $98.00 in a report on Friday, December 13th. Jefferies Financial Group started coverage on Sempra in a research report on Thursday, October 24th. They issued a "buy" rating and a $98.00 price objective for the company. Wells Fargo & Company boosted their target price on Sempra from $87.00 to $96.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Evercore ISI boosted their price objective on Sempra from $84.00 to $88.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Finally, Barclays cut their target price on Sempra from $99.00 to $95.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $91.20.

Sempra Trading Up 1.2 %

Shares of Sempra stock traded up $1.04 during trading on Friday, reaching $87.05. 1,568,552 shares of the stock were exchanged, compared to its average volume of 4,166,977. Sempra has a 1 year low of $66.40 and a 1 year high of $95.77. The stock's fifty day moving average is $84.36 and its 200 day moving average is $84.75. The firm has a market cap of $55.14 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 2.17 and a beta of 0.78. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 0.89.

Insider Buying and Selling at Sempra

In related news, SVP Alexander Lisa Larroque sold 2,755 shares of the firm's stock in a transaction that occurred 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey W. Martin sold 49,737 shares of the firm's stock in a transaction that occurred 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. Insiders own 0.24% of the company's stock.

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.