Lodestone Wealth Management LLC Makes New $209,000 Investment in Sempra (NYSE:SRE)

Lodestone Wealth Management LLC bought a new position in shares of Sempra (NYSE:SRE) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 2,384 shares of the utilities provider’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Crews Bank & Trust bought a new stake in shares of Sempra in the 4th quarter valued at about $26,000. Eastern Bank purchased a new position in shares of Sempra in the 3rd quarter valued at approximately $28,000. Hollencrest Capital Management raised its position in shares of Sempra by 250.0% in the 3rd quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 270 shares during the last quarter. ST Germain D J Co. Inc. raised its position in shares of Sempra by 225.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 433 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 300 shares during the last quarter. Finally, LRI Investments LLC raised its position in shares of Sempra by 180.4% in the 3rd quarter. LRI Investments LLC now owns 443 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 285 shares during the last quarter. 89.65% of the stock is currently owned by institutional investors.

Insider Transactions at Sempra

In other Sempra news, SVP Alexander Lisa Larroque sold 2,755 shares of the business’s 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 sale, the senior vice president now directly owns 13,905 shares in the company, valued at $1,139,236.65. This 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 at the SEC website. Also, VP Trevor I. Mihalik sold 23,713 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $93.09, for a total transaction of $2,207,443.17. Following the sale, the vice president now owns 11,190 shares in the company, valued at $1,041,677.10. This trade represents a 67.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 76,205 shares of company stock worth $6,558,347 in the last quarter. Company insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on SRE shares. BMO Capital Markets increased their price objective on shares of Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Evercore ISI raised 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. 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 research report on Monday, January 27th. Jefferies Financial Group initiated coverage on shares of Sempra in a research report on Thursday, October 24th. They set a “buy” rating and a $98.00 price target for the company. Finally, Morgan Stanley raised shares of Sempra from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $85.00 to $98.00 in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Sempra currently has an average rating of “Moderate Buy” and an average target price of $91.20.

Sempra Stock Up 0.4 %

NYSE SRE opened at $84.19 on Friday. Sempra has a 52 week low of $66.40 and a 52 week high of $95.77. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 0.89. The business’s fifty day simple moving average is $84.72 and its 200-day simple moving average is $84.60. The firm has a market cap of $53.32 billion, a PE ratio of 18.54, a P/E/G ratio of 2.09 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.