D.A. Davidson & CO. Decreases Stock Position in Sempra (NYSE:SRE)

D.A. Davidson & CO. lessened its stake in shares of Sempra (NYSE:SRE) by 2.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 41,874 shares of the utilities provider’s stock after selling 1,111 shares during the period. D.A. Davidson & CO.’s holdings in Sempra were worth $3,673,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Empower Advisory Group LLC raised its holdings in Sempra by 2.6% during the 4th quarter. Empower Advisory Group LLC now owns 1,071,091 shares of the utilities provider’s stock valued at $93,956,000 after buying an additional 26,821 shares during the period. Truist Financial Corp raised its holdings in Sempra by 5.1% during the 4th quarter. Truist Financial Corp now owns 81,471 shares of the utilities provider’s stock valued at $7,147,000 after buying an additional 3,959 shares during the period. CIBC Asset Management Inc raised its holdings in Sempra by 2.4% during the 4th quarter. CIBC Asset Management Inc now owns 110,423 shares of the utilities provider’s stock valued at $9,686,000 after buying an additional 2,623 shares during the period. Human Investing LLC purchased a new stake in Sempra during the 4th quarter valued at $31,000. Finally, Catalyst Capital Advisors LLC increased its stake in Sempra by 497.8% in the fourth quarter. Catalyst Capital Advisors LLC now owns 1,088 shares of the utilities provider’s stock worth $95,000 after purchasing an additional 906 shares during the period. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Sempra Price Performance

SRE opened at $86.01 on Friday. Sempra has a 12-month low of $66.40 and a 12-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 business’s fifty day simple moving average is $84.36 and its 200-day simple moving average is $84.75. The company has a market capitalization of $54.48 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 2.16 and a beta of 0.78.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on SRE shares. Evercore ISI increased their target price on Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Jefferies Financial Group started coverage on Sempra in a research note on Thursday, October 24th. They issued a “buy” rating and a $98.00 target price on the stock. Barclays reduced their target price on Sempra from $99.00 to $95.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Morgan Stanley upgraded Sempra from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $85.00 to $98.00 in a research note on Friday, December 13th. Finally, Wells Fargo & Company increased their target price on Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $91.20.

Insider Transactions at Sempra

In related news, CEO Jeffrey W. Martin sold 49,737 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $82.94, for a total transaction of $4,125,186.78. Following the sale, the chief executive officer now owns 2 shares of the company’s stock, valued at $165.88. This trade represents a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Alexander Lisa Larroque sold 2,755 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were 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 approximately $1,139,236.65. The trade was a 16.54 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

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.