Strategic Financial Concepts LLC Makes New $1.30 Million Investment in Sempra (NYSE:SRE)

Strategic Financial Concepts LLC acquired a new stake in Sempra (NYSE:SRE) in the 4th quarter, HoldingsChannel reports. The fund acquired 14,815 shares of the utilities provider’s stock, valued at approximately $1,300,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Unigestion Holding SA acquired a new stake in Sempra during the third quarter worth about $33,023,000. Geneos Wealth Management Inc. raised its stake in shares of Sempra by 633.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 29,917 shares of the utilities provider’s stock valued at $2,624,000 after acquiring an additional 25,838 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Sempra by 8.8% during the third quarter. JPMorgan Chase & Co. now owns 3,428,132 shares of the utilities provider’s stock worth $286,695,000 after purchasing an additional 278,183 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Sempra by 1.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 357,107 shares of the utilities provider’s stock valued at $29,865,000 after buying an additional 6,709 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new stake in shares of Sempra during the third quarter worth $675,000. Institutional investors own 89.65% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company increased their price objective 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. Evercore ISI raised their price objective on Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Jefferies Financial Group assumed coverage on Sempra in a research note on Thursday, October 24th. They issued a “buy” rating and a $98.00 price objective for the company. Barclays dropped their target price 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. Finally, Morgan Stanley raised Sempra from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $85.00 to $98.00 in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Sempra presently has a consensus rating of “Moderate Buy” and an average target price of $91.20.

Insider Activity

In related news, VP Trevor I. Mihalik sold 23,713 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $93.09, for a total value of $2,207,443.17. Following the completion of the sale, the vice president now directly 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 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 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 sale, the chief executive officer now owns 2 shares in the company, valued at approximately $165.88. The trade was a 100.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Sempra Stock Up 0.1 %

SRE stock opened at $82.07 on Tuesday. The business has a fifty day moving average price of $85.40 and a 200-day moving average price of $84.55. Sempra has a 1-year low of $66.40 and a 1-year high of $95.77. The stock has a market capitalization of $51.99 billion, a P/E ratio of 18.08, a P/E/G ratio of 2.09 and a beta of 0.78. 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 Company 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.