Compagnie Lombard Odier SCmA Acquires 73,670 Shares of Sempra (NYSE:SRE)

Compagnie Lombard Odier SCmA raised its holdings in shares of Sempra (NYSE:SRE - Free Report) by 11.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 740,649 shares of the utilities provider's stock after purchasing an additional 73,670 shares during the period. Sempra accounts for 1.0% of Compagnie Lombard Odier SCmA's portfolio, making the stock its 29th largest position. Compagnie Lombard Odier SCmA owned approximately 0.12% of Sempra worth $64,970,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SRE. Exchange Traded Concepts LLC increased its position 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 acquiring an additional 9,985 shares in the last quarter. CX Institutional increased its position in shares of Sempra by 5.5% during the third quarter. CX Institutional now owns 3,083 shares of the utilities provider's stock valued at $258,000 after acquiring an additional 161 shares in the last quarter. Creative Planning increased its position in shares of Sempra by 0.4% during the third quarter. Creative Planning now owns 79,062 shares of the utilities provider's stock valued at $6,612,000 after acquiring an additional 336 shares in the last quarter. SeaCrest Wealth Management LLC increased its position in shares of Sempra by 4.9% during the third quarter. SeaCrest Wealth Management LLC now owns 3,980 shares of the utilities provider's stock valued at $333,000 after acquiring an additional 186 shares in the last quarter. Finally, Sumitomo Life Insurance Co. increased its position in shares of Sempra by 2.6% during the third quarter. Sumitomo Life Insurance Co. now owns 11,355 shares of the utilities provider's stock valued at $950,000 after acquiring an additional 286 shares in the last quarter. Institutional investors own 89.65% of the company's stock.

Insider Buying and Selling at Sempra

In related news, CEO Jeffrey W. Martin sold 49,737 shares of Sempra 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 owns 2 shares of the company's stock, valued at approximately $165.88. This trade represents a 100.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Trevor I. Mihalik sold 23,713 shares of the company's stock in a transaction that occurred 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 transaction, the vice president now owns 11,190 shares of the company's stock, valued at $1,041,677.10. The trade was a 67.94 % 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 valued at $6,558,347 over the last 90 days. 0.24% of the stock is currently owned by corporate insiders.

Sempra Stock Performance

Shares of NYSE:SRE traded up $0.49 during mid-day trading on Tuesday, reaching $84.59. 3,530,019 shares of the company traded hands, compared to its average volume of 4,348,781. The company's 50 day moving average price is $84.51 and its 200-day moving average price is $84.72. The firm has a market cap of $53.58 billion, a PE 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 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 weighed in on SRE. BMO Capital Markets raised 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. Morgan Stanley upgraded shares of Sempra from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $85.00 to $98.00 in a report on Friday, December 13th. Wells Fargo & Company raised their target price on shares of Sempra from $87.00 to $96.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. Evercore ISI raised their target price on shares of Sempra from $84.00 to $88.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Finally, Jefferies Financial Group assumed coverage on shares of Sempra in a report on Thursday, October 24th. They issued a "buy" rating and a $98.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and ten have assigned 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 an average price target of $91.20.

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.