Asset Planning Inc acquired a new position in shares of Sempra (NYSE:SRE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 20,184 shares of the utilities provider's stock, valued at approximately $1,771,000. Sempra comprises approximately 1.3% of Asset Planning Inc's portfolio, making the stock its 17th largest holding.
Other institutional investors and hedge funds have also bought and sold shares of the company. Compagnie Lombard Odier SCmA lifted its stake in shares of Sempra by 11.0% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 740,649 shares of the utilities provider's stock worth $64,970,000 after acquiring an additional 73,670 shares during the period. Vontobel Holding Ltd. raised its holdings in Sempra by 47.4% during the 4th quarter. Vontobel Holding Ltd. now owns 16,844 shares of the utilities provider's stock worth $1,478,000 after purchasing an additional 5,419 shares during the last quarter. G&S Capital LLC acquired a new position in shares of Sempra in the 4th quarter worth approximately $350,000. Van ECK Associates Corp boosted its stake in shares of Sempra by 3.0% in the 4th quarter. Van ECK Associates Corp now owns 186,778 shares of the utilities provider's stock valued at $16,384,000 after purchasing an additional 5,454 shares during the last quarter. Finally, Lester Murray Antman dba SimplyRich increased its position in shares of Sempra by 1.9% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 13,772 shares of the utilities provider's stock worth $1,208,000 after buying an additional 252 shares during the period. Institutional investors and hedge funds own 89.65% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on SRE. Evercore ISI boosted their price objective on Sempra from $84.00 to $88.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Morgan Stanley raised Sempra from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $85.00 to $98.00 in a research note on Friday, December 13th. Barclays reduced their price objective on Sempra from $99.00 to $95.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. Wells Fargo & Company upped their target price on Sempra from $87.00 to $96.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Finally, BMO Capital Markets lifted their price target on shares of Sempra from $93.00 to $96.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $91.20.
Get Our Latest Analysis on SRE
Sempra Stock Up 0.6 %
Shares of SRE traded up $0.49 during trading hours on Tuesday, reaching $84.59. 3,530,019 shares of the stock traded hands, compared to its average volume of 4,348,781. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.89. The company has a market cap of $53.58 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 2.09 and a beta of 0.78. Sempra has a 52 week low of $66.40 and a 52 week high of $95.77. The stock has a fifty day simple moving average of $84.51 and a 200 day simple moving average of $84.72.
Insider Transactions at Sempra
In related news, SVP Alexander Lisa Larroque sold 2,755 shares of Sempra stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $81.93, for a total value of $225,717.15. Following the sale, the senior vice president now owns 13,905 shares of the company's stock, valued at approximately $1,139,236.65. The trade was a 16.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey W. Martin sold 49,737 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $82.94, for a total value of $4,125,186.78. Following the transaction, 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 have sold 76,205 shares of company stock worth $6,558,347 in the last 90 days. Insiders own 0.24% of the company's stock.
About Sempra
(
Free Report)
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.
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