Sempra (NYSE:SRE) Shares Purchased by TFB Advisors LLC

TFB Advisors LLC boosted its holdings in Sempra (NYSE:SRE) by 24.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,285 shares of the utilities provider’s stock after buying an additional 646 shares during the period. TFB Advisors LLC’s holdings in Sempra were worth $288,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Portfolio Design Labs LLC raised its stake in shares of Sempra by 24.4% in the 4th quarter. Portfolio Design Labs LLC now owns 25,107 shares of the utilities provider’s stock valued at $2,202,000 after acquiring an additional 4,924 shares during the period. Sovran Advisors LLC acquired a new stake in Sempra in the 4th quarter valued at $296,000. Stonebridge Financial Group LLC purchased a new position in Sempra in the fourth quarter valued at about $160,000. Soltis Investment Advisors LLC acquired a new position in shares of Sempra during the fourth quarter worth about $221,000. Finally, Savant Capital LLC lifted its stake in shares of Sempra by 40.1% during the fourth quarter. Savant Capital LLC now owns 9,204 shares of the utilities provider’s stock worth $807,000 after purchasing an additional 2,635 shares in the last quarter. 89.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SRE shares. Evercore ISI raised their target price on Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Jefferies Financial Group initiated coverage on shares of Sempra in a research note on Thursday, October 24th. They set a “buy” rating and a $98.00 price objective on the stock. Barclays reduced their target price 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. Morgan Stanley raised shares of Sempra from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $85.00 to $98.00 in a report on Friday, December 13th. Finally, BMO Capital Markets boosted their price objective on shares of Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. One equities 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $91.20.

Sempra Trading Down 0.6 %

SRE opened at $82.95 on Thursday. Sempra has a 12-month low of $66.40 and a 12-month high of $95.77. 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 market capitalization of $52.54 billion, a PE ratio of 18.27, a P/E/G ratio of 2.09 and a beta of 0.78. The firm’s fifty day moving average price is $85.03 and its 200 day moving average price is $84.62.

Insider Activity

In other news, CEO Jeffrey W. Martin sold 49,737 shares of Sempra stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $82.94, for a total value of $4,125,186.78. Following the completion of the transaction, the chief executive officer now owns 2 shares in the company, valued at approximately $165.88. This trade represents a 100.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Trevor I. Mihalik sold 23,713 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president now directly owns 11,190 shares in the company, valued at approximately $1,041,677.10. This represents a 67.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,205 shares of company stock worth $6,558,347. 0.24% of the stock is currently owned by corporate insiders.

About Sempra

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.