Sempra (NYSE:SRE) Shares Purchased by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY lifted its stake in Sempra (NYSE:SRE - Free Report) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 107,322 shares of the utilities provider's stock after buying an additional 3,502 shares during the quarter. Miller Howard Investments Inc. NY's holdings in Sempra were worth $9,414,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Empowered Funds LLC boosted its holdings in Sempra by 9.9% during the fourth quarter. Empowered Funds LLC now owns 11,812 shares of the utilities provider's stock worth $1,036,000 after buying an additional 1,068 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its stake in shares of Sempra by 4.5% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,753 shares of the utilities provider's stock worth $417,000 after acquiring an additional 205 shares in the last quarter. Apollon Wealth Management LLC increased its stake in shares of Sempra by 6.4% in the 4th quarter. Apollon Wealth Management LLC now owns 11,582 shares of the utilities provider's stock valued at $1,016,000 after purchasing an additional 699 shares in the last quarter. Platform Technology Partners acquired a new position in Sempra in the 4th quarter worth about $207,000. Finally, Golden State Wealth Management LLC purchased a new position in Sempra during the fourth quarter worth approximately $171,000. Institutional investors and hedge funds own 89.65% of the company's stock.

Sempra Trading Down 0.6 %

NYSE:SRE traded down $0.48 on Wednesday, reaching $82.95. The company's stock had a trading volume of 3,360,931 shares, compared to its average volume of 4,456,694. Sempra has a 12-month low of $66.40 and a 12-month high of $95.77. The stock has a 50 day moving average price of $85.03 and a 200 day moving average price of $84.62. The firm has a market cap of $52.54 billion, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 2.09 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, 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 transaction, 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 is accessible through this hyperlink. Also, CEO Jeffrey W. Martin sold 49,737 shares of the company's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $82.94, for a total value of $4,125,186.78. Following the sale, the chief executive officer now owns 2 shares in the company, valued at approximately $165.88. This trade represents a 100.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 76,205 shares of company stock valued at $6,558,347 in the last three months. 0.24% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Barclays dropped their price target on shares of Sempra from $99.00 to $95.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. BMO Capital Markets boosted their target price on shares of Sempra from $93.00 to $96.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. Morgan Stanley upgraded Sempra from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $85.00 to $98.00 in a report on Friday, December 13th. Evercore ISI increased their target price on Sempra from $84.00 to $88.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Finally, Jefferies Financial Group started coverage on Sempra in a research report on Thursday, October 24th. They set a "buy" rating and a $98.00 price target for the company. One equities research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. According to data from MarketBeat, Sempra presently has an average rating of "Moderate Buy" and a consensus target price of $91.20.

Sempra Company 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.