Soltis Investment Advisors LLC Acquires New Holdings in Sempra (NYSE:SRE)

Soltis Investment Advisors LLC bought a new position in shares of Sempra (NYSE:SRE) during the 4th quarter, Holdings Channel reports. The institutional investor bought 2,515 shares of the utilities provider’s stock, valued at approximately $221,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Crews Bank & Trust acquired a new position in shares of Sempra during the fourth quarter worth about $26,000. Eastern Bank acquired a new position in Sempra during the 3rd quarter worth approximately $28,000. Hollencrest Capital Management boosted its position in Sempra by 250.0% during the 3rd quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 270 shares during the last quarter. ST Germain D J Co. Inc. grew its stake in shares of Sempra by 225.6% during the 4th quarter. ST Germain D J Co. Inc. now owns 433 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 300 shares in the last quarter. Finally, LRI Investments LLC raised its holdings in shares of Sempra by 180.4% in the third 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. Institutional investors own 89.65% of the company’s stock.

Analyst Upgrades and Downgrades

SRE has been the subject of several recent research reports. Barclays reduced their target price on shares of Sempra from $99.00 to $95.00 and set an “overweight” rating for the company in a report on Monday, January 27th. 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 note on Thursday, November 7th. Evercore ISI lifted their target price on Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. BMO Capital Markets upped their target price on Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Finally, Morgan Stanley upgraded 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 research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $91.20.

Sempra Price Performance

Shares of NYSE SRE opened at $83.40 on Wednesday. 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 50 day moving average price is $85.20 and its two-hundred day moving average price is $84.58. The company has a market cap of $52.82 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 2.09 and a beta of 0.78. Sempra has a twelve month low of $66.40 and a twelve month high of $95.77.

Insider Buying and Selling

In other Sempra news, CEO Jeffrey W. Martin sold 49,737 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $82.94, for a total value of $4,125,186.78. Following the transaction, the chief executive officer now directly owns 2 shares of the company’s stock, valued at $165.88. This represents a 100.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 owns 11,190 shares of the company’s stock, 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. In the last three months, insiders have sold 76,205 shares of company stock valued at $6,558,347. 0.24% of the stock is owned by insiders.

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.