Apollon Wealth Management LLC Buys 699 Shares of Sempra (NYSE:SRE)

Apollon Wealth Management LLC raised its stake in Sempra (NYSE:SRE) by 6.4% in the fourth quarter, Holdings Channel reports. The fund owned 11,582 shares of the utilities provider’s stock after purchasing an additional 699 shares during the quarter. Apollon Wealth Management LLC’s holdings in Sempra were worth $1,016,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Platform Technology Partners bought a new position in shares of Sempra in the fourth quarter worth about $207,000. Golden State Wealth Management LLC bought a new position in shares of Sempra in the fourth quarter worth about $171,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Sempra by 5.4% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 82,223 shares of the utilities provider’s stock valued at $7,213,000 after buying an additional 4,225 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Sempra by 1.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,463,474 shares of the utilities provider’s stock valued at $128,376,000 after buying an additional 17,507 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Sempra in the fourth quarter valued at approximately $1,300,000. Institutional investors own 89.65% of the company’s stock.

Insider Transactions at Sempra

In other news, SVP Alexander Lisa Larroque sold 2,755 shares of the firm’s stock in a transaction that occurred on 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 sale, the senior vice president now owns 13,905 shares of the company’s stock, valued at $1,139,236.65. This trade represents a 16.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Trevor I. Mihalik sold 23,713 shares of the firm’s stock in a transaction that occurred on 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 directly owns 11,190 shares of the company’s stock, valued at approximately $1,041,677.10. This trade represents a 67.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 76,205 shares of company stock valued at $6,558,347 in the last quarter. 0.24% of the stock is currently owned by company insiders.

Sempra Stock Performance

Shares of SRE stock opened at $83.40 on Wednesday. The company has a market cap of $52.82 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 2.09 and a beta of 0.78. 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 firm has a 50 day moving average of $85.20 and a 200-day moving average of $84.58.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SRE. BMO Capital Markets upped their price objective on Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Evercore ISI upped 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. Wells Fargo & Company upped their price objective on Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Barclays lowered their price objective on Sempra from $99.00 to $95.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Finally, Morgan Stanley raised shares of Sempra from an “equal weight” rating to an “overweight” rating and increased their target price 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $91.20.

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.