Concurrent Investment Advisors LLC Increases Stock Position in Sempra (NYSE:SRE)

Concurrent Investment Advisors LLC boosted its stake in shares of Sempra (NYSE:SREFree Report) by 7.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 28,091 shares of the utilities provider’s stock after acquiring an additional 1,913 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Sempra were worth $2,464,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Crews Bank & Trust purchased a new position in Sempra during the fourth quarter worth about $26,000. Eastern Bank acquired a new stake in shares of Sempra during the third quarter worth about $28,000. Human Investing LLC acquired a new stake in shares of Sempra during the fourth quarter worth about $31,000. Hollencrest Capital Management lifted its position in shares of Sempra by 250.0% during the third quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 270 shares in the last quarter. Finally, ST Germain D J Co. Inc. lifted its position in shares of Sempra by 225.6% during the fourth quarter. ST Germain D J Co. Inc. now owns 433 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Insiders Place Their Bets

In other Sempra news, CEO Jeffrey W. Martin sold 49,737 shares of the firm’s stock in a transaction that occurred 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 owns 2 shares of the company’s stock, valued at approximately $165.88. This trade represents a 100.00 % decrease in their ownership of the stock. The transaction 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 the firm’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $81.93, for a total transaction of $225,717.15. Following the transaction, the senior vice president now owns 13,905 shares in the company, valued at approximately $1,139,236.65. This trade represents a 16.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.24% of the stock is owned by corporate insiders.

Sempra Stock Up 1.3 %

SRE stock opened at $87.11 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.89. Sempra has a twelve month low of $66.40 and a twelve month high of $95.77. The company’s 50 day moving average is $84.31 and its two-hundred day moving average is $84.81. The stock has a market cap of $55.18 billion, a P/E ratio of 19.19, a PEG ratio of 2.17 and a beta of 0.78.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Evercore ISI increased their price target on shares of Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Morgan Stanley raised shares of Sempra from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $85.00 to $98.00 in a research report on Friday, December 13th. Wells Fargo & Company increased their price target on shares of Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, Barclays reduced their price target on shares of Sempra from $99.00 to $95.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $91.20.

Read Our Latest Research Report on Sempra

Sempra Company Profile

(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.

Featured Stories

Want to see what other hedge funds are holding SRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sempra (NYSE:SREFree Report).

Institutional Ownership by Quarter for Sempra (NYSE:SRE)

Receive News & Ratings for Sempra Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sempra and related companies with MarketBeat.com's FREE daily email newsletter.