Soltis Investment Advisors LLC Takes $221,000 Position in Sempra (NYSE:SRE)

Soltis Investment Advisors LLC purchased a new position in shares of Sempra (NYSE:SRE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,515 shares of the utilities provider’s stock, valued at approximately $221,000.

A number of other institutional investors also recently added to or reduced their stakes in SRE. Unigestion Holding SA bought a new position in shares of Sempra during the 3rd quarter worth approximately $33,023,000. Geneos Wealth Management Inc. raised its stake in Sempra by 633.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 29,917 shares of the utilities provider’s stock worth $2,624,000 after acquiring an additional 25,838 shares in 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 valued at $286,695,000 after acquiring an additional 278,183 shares during the period. PNC Financial Services Group Inc. boosted its stake 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 purchasing an additional 6,709 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new stake in shares of Sempra in the 3rd quarter valued at $675,000. 89.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Trevor I. Mihalik sold 23,713 shares of Sempra stock in a transaction 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 completion of the sale, the vice president now directly owns 11,190 shares of the company’s stock, valued at $1,041,677.10. The trade was a 67.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Alexander Lisa Larroque sold 2,755 shares of the business’s 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 transaction, the senior vice president now owns 13,905 shares of the company’s stock, valued at $1,139,236.65. The trade was a 16.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 76,205 shares of company stock worth $6,558,347 over the last three months. 0.24% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SRE. Morgan Stanley upgraded shares of 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 report on Friday, December 13th. Wells Fargo & Company raised their price objective 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 initiated coverage on Sempra in a report on Thursday, October 24th. They issued a “buy” rating and a $98.00 target price on the stock. Evercore ISI raised their price target on Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, BMO Capital Markets boosted their price objective on Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Sempra currently has an average rating of “Moderate Buy” and an average price target of $91.20.

Sempra Trading Up 1.4 %

SRE stock 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. Sempra has a twelve month low of $66.40 and a twelve month high of $95.77. The company has a market cap of $52.82 billion, a P/E ratio of 18.37, a PEG ratio of 2.09 and a beta of 0.78. The business has a fifty day moving average of $85.20 and a 200-day moving average of $84.58.

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.