Strategic Financial Concepts LLC Buys New Stake in Sempra (NYSE:SRE)

Strategic Financial Concepts LLC acquired a new position in Sempra (NYSE:SRE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 14,815 shares of the utilities provider's stock, valued at approximately $1,300,000.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its stake in shares of Sempra by 9.1% during the third quarter. FMR LLC now owns 18,978,605 shares of the utilities provider's stock valued at $1,587,181,000 after acquiring an additional 1,582,653 shares in the last quarter. State Street Corp raised its stake in shares of Sempra by 4.9% during the third quarter. State Street Corp now owns 32,940,620 shares of the utilities provider's stock valued at $2,774,974,000 after acquiring an additional 1,539,026 shares in the last quarter. National Bank of Canada FI raised its stake in shares of Sempra by 201.2% during the third quarter. National Bank of Canada FI now owns 620,394 shares of the utilities provider's stock valued at $51,882,000 after acquiring an additional 414,406 shares in the last quarter. Unigestion Holding SA bought a new stake in shares of Sempra during the third quarter valued at approximately $33,023,000. Finally, Bank of Montreal Can raised its stake in Sempra by 38.3% in the third quarter. Bank of Montreal Can now owns 1,420,045 shares of the utilities provider's stock worth $118,219,000 after buying an additional 393,277 shares in the last quarter. Institutional investors own 89.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SRE. Barclays reduced their price objective on shares of 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 boosted their price objective on shares of Sempra from $87.00 to $96.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Morgan Stanley raised shares of Sempra from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $85.00 to $98.00 in a research note on Friday, December 13th. Evercore ISI boosted their price objective on shares of Sempra from $84.00 to $88.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Finally, Jefferies Financial Group began coverage on shares of Sempra in a research note on Thursday, October 24th. They issued a "buy" rating and a $98.00 price objective for the company. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $91.20.

Insiders Place Their Bets

In other news, SVP Alexander Lisa Larroque sold 2,755 shares of the business's stock in a transaction 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 sale, the senior vice president now directly owns 13,905 shares of the company's stock, valued at $1,139,236.65. The trade was a 16.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey W. Martin sold 49,737 shares of the business's stock in a transaction 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 in the company, valued at $165.88. This trade represents a 100.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company's stock.

Sempra Stock Up 1.3 %

NYSE SRE traded up $1.10 on Friday, hitting $87.11. The stock had a trading volume of 4,643,959 shares, compared to its average volume of 4,261,902. The business's fifty day moving average price is $84.36 and its 200 day moving average price is $84.75. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.52 and a quick ratio of 0.47. Sempra has a 52-week low of $66.40 and a 52-week high of $95.77. The stock has a market cap of $55.18 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 2.17 and a beta of 0.78.

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.