Csenge Advisory Group Reduces Holdings in Sempra (NYSE:SRE)

Csenge Advisory Group reduced its stake in Sempra (NYSE:SRE) by 14.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,265 shares of the utilities provider’s stock after selling 1,019 shares during the quarter. Csenge Advisory Group’s holdings in Sempra were worth $550,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Crews Bank & Trust purchased a new position in shares of Sempra in the fourth quarter worth $26,000. Eastern Bank acquired a new position in shares of Sempra in the 3rd quarter valued at $28,000. Hollencrest Capital Management increased its position in shares of Sempra by 250.0% in the 3rd 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 Sempra by 225.6% in 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 during the last quarter. Finally, LRI Investments LLC lifted its position in Sempra by 180.4% during the 3rd quarter. LRI Investments LLC now owns 443 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 285 shares during the period. 89.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SRE. Morgan Stanley upgraded Sempra from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $85.00 to $98.00 in a research note on Friday, December 13th. Jefferies Financial Group started coverage on shares of Sempra in a research note on Thursday, October 24th. They set a “buy” rating and a $98.00 price objective for the company. Barclays dropped their price objective on shares of Sempra from $99.00 to $95.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Evercore ISI raised their target price on shares of Sempra from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company upped their price target on shares of Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.20.

Insiders Place Their Bets

In other Sempra news, CEO Jeffrey W. Martin sold 49,737 shares of the 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 transaction, the chief executive officer now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction of $225,717.15. Following the sale, the senior vice president now directly owns 13,905 shares of the company’s stock, valued at $1,139,236.65. This represents a 16.54 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

Sempra Trading Up 0.6 %

SRE stock opened at $84.59 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 52-week low of $66.40 and a 52-week high of $95.77. The company’s 50-day simple moving average is $84.51 and its 200-day simple moving average is $84.72. The firm has a market cap of $53.58 billion, a P/E ratio of 18.63, a PEG ratio of 2.09 and a beta of 0.78.

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.