Lodestone Wealth Management LLC Purchases New Position in Sempra (NYSE:SRE)

Lodestone Wealth Management LLC purchased a new stake in Sempra (NYSE:SRE) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,384 shares of the utilities provider’s stock, valued at approximately $209,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Crews Bank & Trust acquired a new stake in shares of Sempra in the fourth quarter valued at approximately $26,000. Eastern Bank acquired a new stake in shares of Sempra in the third quarter valued at approximately $28,000. Hollencrest Capital Management boosted its holdings in shares of Sempra by 250.0% in the third quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 270 shares during the period. ST Germain D J Co. Inc. raised its stake in shares of Sempra by 225.6% during the fourth quarter. ST Germain D J Co. Inc. now owns 433 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 300 shares during the last quarter. Finally, LRI Investments LLC raised its stake in shares of Sempra by 180.4% during the third quarter. LRI Investments LLC now owns 443 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 285 shares during the last quarter. 89.65% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Sempra news, CEO Jeffrey W. Martin sold 49,737 shares of Sempra stock in a transaction that occurred on 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 directly owns 2 shares in the company, valued at $165.88. The trade was a 100.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Alexander Lisa Larroque sold 2,755 shares of Sempra stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $81.93, for a total value of $225,717.15. Following the completion of the transaction, the senior vice president now owns 13,905 shares of the company’s stock, 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. In the last ninety days, insiders have sold 76,205 shares of company stock valued at $6,558,347. Insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on SRE. Jefferies Financial Group began coverage on Sempra in a research note on Thursday, October 24th. They set a “buy” rating and a $98.00 price target for the company. BMO Capital Markets increased their price objective on Sempra from $93.00 to $96.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Evercore ISI increased their price objective on Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Barclays cut their price objective on Sempra from $99.00 to $95.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Finally, Wells Fargo & Company upped their target price on Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Sempra presently has an average rating of “Moderate Buy” and an average target price of $91.20.

Sempra Stock Up 0.4 %

Shares of NYSE:SRE opened at $84.19 on Friday. The stock’s 50-day moving average price is $84.72 and its two-hundred day moving average price is $84.60. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.89. Sempra has a 12-month low of $66.40 and a 12-month high of $95.77. The firm has a market cap of $53.32 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 2.09 and a beta of 0.78.

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.