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

Strategic Financial Concepts LLC purchased a new stake in Sempra (NYSE:SRE) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 14,815 shares of the utilities provider’s stock, valued at approximately $1,300,000.

Other large investors have also recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its stake in Sempra by 633.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 29,917 shares of the utilities provider’s stock valued at $2,624,000 after purchasing an additional 25,838 shares during the last quarter. Unigestion Holding SA bought a new stake in shares of Sempra in the 3rd quarter valued at about $33,023,000. JPMorgan Chase & Co. grew its position in shares of Sempra by 8.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,428,132 shares of the utilities provider’s stock worth $286,695,000 after buying an additional 278,183 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Sempra by 1.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 357,107 shares of the utilities provider’s stock worth $29,865,000 after acquiring an additional 6,709 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new stake in Sempra during the third quarter valued at approximately $675,000. 89.65% of the stock is owned by institutional investors.

Sempra Price Performance

Shares of NYSE:SRE opened at $84.59 on Wednesday. Sempra has a twelve month low of $66.40 and a twelve month high of $95.77. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.89. The company has a market cap of $53.58 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 2.09 and a beta of 0.78. The company’s 50 day moving average is $84.51 and its 200 day moving average is $84.72.

Insider Activity

In related news, CEO Jeffrey W. Martin sold 49,737 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $82.94, for a total transaction of $4,125,186.78. Following the completion of the transaction, the chief executive officer now directly owns 2 shares in the company, valued at $165.88. The trade was a 100.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Alexander Lisa Larroque sold 2,755 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $81.93, for a total value 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 disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Jefferies Financial Group started coverage on Sempra in a research note on Thursday, October 24th. They set a “buy” rating and a $98.00 target price on the stock. Barclays decreased their price target on Sempra from $99.00 to $95.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Evercore ISI boosted their price target on Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Morgan Stanley raised shares of Sempra from an “equal weight” rating to an “overweight” rating and increased their price objective 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 MarketBeat.com, Sempra 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.