Davidson Investment Advisors Has $33.69 Million Stock Holdings in Sempra (NYSE:SRE)

Davidson Investment Advisors trimmed its stake in shares of Sempra (NYSE:SRE) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 384,041 shares of the utilities provider’s stock after selling 1,704 shares during the quarter. Sempra makes up about 1.6% of Davidson Investment Advisors’ portfolio, making the stock its 12th largest holding. Davidson Investment Advisors owned about 0.06% of Sempra worth $33,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Atria Wealth Solutions Inc. grew its holdings in Sempra by 29.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 35,833 shares of the utilities provider’s stock worth $3,148,000 after acquiring an additional 8,208 shares during the last quarter. Empower Advisory Group LLC grew its holdings in Sempra by 2.6% during the 4th quarter. Empower Advisory Group LLC now owns 1,071,091 shares of the utilities provider’s stock worth $93,956,000 after acquiring an additional 26,821 shares during the last quarter. Truist Financial Corp grew its holdings in Sempra by 5.1% during the 4th quarter. Truist Financial Corp now owns 81,471 shares of the utilities provider’s stock worth $7,147,000 after acquiring an additional 3,959 shares during the last quarter. CIBC Asset Management Inc grew its holdings in Sempra by 2.4% during the 4th quarter. CIBC Asset Management Inc now owns 110,423 shares of the utilities provider’s stock worth $9,686,000 after acquiring an additional 2,623 shares during the last quarter. Finally, Human Investing LLC bought a new stake in Sempra during the 4th quarter worth approximately $31,000. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Sempra Price Performance

SRE opened at $84.19 on Tuesday. The firm has a market cap of $53.32 billion, a P/E ratio of 18.54, a PEG ratio of 2.09 and a beta of 0.78. The firm has a 50-day moving average of $84.61 and a 200 day moving average of $84.70. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.47 and a current ratio of 0.52. Sempra has a fifty-two week low of $66.40 and a fifty-two week high of $95.77.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Barclays reduced their price objective 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 upped their price objective on shares of Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Morgan Stanley raised shares of Sempra from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $85.00 to $98.00 in a research note on Friday, December 13th. Wells Fargo & Company increased their target price 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. Finally, Evercore ISI upped their price objective on shares of Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $91.20.

Insider Activity at Sempra

In other Sempra news, SVP Alexander Lisa Larroque sold 2,755 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $81.93, for a total transaction of $225,717.15. Following the completion of the transaction, the senior vice president now owns 13,905 shares in the company, valued at $1,139,236.65. This trade represents a 16.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey W. Martin sold 49,737 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 2 shares of the company’s stock, valued at $165.88. This represents a 100.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 76,205 shares of company stock worth $6,558,347. 0.24% of the stock is owned by company insiders.

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.