Kestra Private Wealth Services LLC increased its holdings in shares of Sempra (NYSE:SRE - Free Report) by 61.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,568 shares of the utilities provider's stock after buying an additional 7,481 shares during the period. Kestra Private Wealth Services LLC's holdings in Sempra were worth $1,717,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of SRE. Miller Howard Investments Inc. NY increased its stake in Sempra by 3.4% in the fourth quarter. Miller Howard Investments Inc. NY now owns 107,322 shares of the utilities provider's stock valued at $9,414,000 after purchasing an additional 3,502 shares in the last quarter. Empowered Funds LLC increased its stake in Sempra by 9.9% in the fourth quarter. Empowered Funds LLC now owns 11,812 shares of the utilities provider's stock valued at $1,036,000 after purchasing an additional 1,068 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of Sempra by 4.5% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,753 shares of the utilities provider's stock valued at $417,000 after buying an additional 205 shares during the period. Apollon Wealth Management LLC boosted its holdings in shares of Sempra by 6.4% in the fourth quarter. Apollon Wealth Management LLC now owns 11,582 shares of the utilities provider's stock valued at $1,016,000 after buying an additional 699 shares during the period. Finally, Platform Technology Partners acquired a new position in shares of Sempra in the fourth quarter valued at approximately $207,000. 89.65% of the stock is owned by institutional investors.
Insider Buying and Selling at Sempra
In other news, VP Trevor I. Mihalik sold 23,713 shares of the stock in a transaction dated 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 transaction, the vice president now directly owns 11,190 shares of the company's stock, valued at $1,041,677.10. This represents a 67.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Alexander Lisa Larroque sold 2,755 shares of Sempra stock in a transaction dated 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. This trade represents a 16.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 76,205 shares of company stock worth $6,558,347 over the last quarter. 0.24% of the stock is currently owned by insiders.
Sempra Stock Performance
SRE stock traded up $0.33 during trading hours on Friday, reaching $84.19. The stock had a trading volume of 3,603,492 shares, compared to its average volume of 4,681,857. The stock has a market capitalization of $53.32 billion, a PE ratio of 18.54, a price-to-earnings-growth 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. The stock has a 50-day simple moving average of $84.61 and a 200 day simple moving average of $84.67. Sempra has a fifty-two week low of $66.40 and a fifty-two week high of $95.77.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on SRE shares. Evercore ISI upped their price target on shares of Sempra from $84.00 to $88.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. BMO Capital Markets upped their price target on shares of Sempra from $93.00 to $96.00 and gave the company an "outperform" rating in a report on Monday, October 21st. Barclays reduced their price target on shares of Sempra from $99.00 to $95.00 and set an "overweight" rating for the company in a report on Monday, January 27th. Morgan Stanley upgraded shares of Sempra from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $85.00 to $98.00 in a report on Friday, December 13th. Finally, Wells Fargo & Company upped their price target on shares of Sempra from $87.00 to $96.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Sempra presently has a consensus rating of "Moderate Buy" and an average target price of $91.20.
Read Our Latest Analysis on Sempra
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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