Savant Capital LLC Boosts Holdings in Sempra (NYSE:SRE)

Savant Capital LLC lifted its stake in Sempra (NYSE:SRE) by 40.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,204 shares of the utilities provider’s stock after purchasing an additional 2,635 shares during the period. Savant Capital LLC’s holdings in Sempra were worth $807,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SRE. Kestra Private Wealth Services LLC lifted its position in Sempra by 61.9% during the 4th quarter. Kestra Private Wealth Services LLC now owns 19,568 shares of the utilities provider’s stock valued at $1,717,000 after acquiring an additional 7,481 shares during the period. Miller Howard Investments Inc. NY lifted its position in Sempra by 3.4% during the 4th quarter. Miller Howard Investments Inc. NY now owns 107,322 shares of the utilities provider’s stock valued at $9,414,000 after acquiring an additional 3,502 shares during the period. Empowered Funds LLC lifted its position in Sempra by 9.9% during the 4th quarter. Empowered Funds LLC now owns 11,812 shares of the utilities provider’s stock valued at $1,036,000 after acquiring an additional 1,068 shares during the period. Wilmington Savings Fund Society FSB lifted its position in Sempra by 4.5% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,753 shares of the utilities provider’s stock valued at $417,000 after acquiring an additional 205 shares during the period. Finally, Apollon Wealth Management LLC lifted its position in Sempra by 6.4% during the 4th quarter. Apollon Wealth Management LLC now owns 11,582 shares of the utilities provider’s stock valued at $1,016,000 after acquiring an additional 699 shares during the period. 89.65% of the stock is owned by hedge funds and other institutional investors.

Sempra Stock Performance

Shares of NYSE SRE opened at $84.19 on Friday. The firm has a 50 day moving average of $84.61 and a 200 day moving average of $84.63. 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 firm has a market capitalization of $53.32 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 2.09 and a beta of 0.78. Sempra has a 12-month low of $66.40 and a 12-month high of $95.77.

Insider Activity at Sempra

In related news, CEO Jeffrey W. Martin sold 49,737 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 2 shares in the company, valued at approximately $165.88. The trade was a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Trevor I. Mihalik sold 23,713 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $93.09, for a total transaction of $2,207,443.17. Following the sale, the vice president now owns 11,190 shares of the company’s stock, valued at $1,041,677.10. This trade represents a 67.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,205 shares of company stock worth $6,558,347. 0.24% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Morgan Stanley raised shares of Sempra from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $85.00 to $98.00 in a research report on Friday, December 13th. Wells Fargo & Company lifted their target price on shares of Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Barclays decreased their target price on shares of Sempra from $99.00 to $95.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Evercore ISI lifted 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, Jefferies Financial Group began coverage on shares of Sempra in a report on Thursday, October 24th. They issued a “buy” rating and a $98.00 target price for the company. 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 currently has an average rating of “Moderate Buy” and a consensus price target 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.