Werba Rubin Papier Wealth Management Makes New Investment in Sempra (NYSE:SRE)

Werba Rubin Papier Wealth Management bought a new position in shares of Sempra (NYSE:SRE) during the fourth quarter, Holdings Channel reports. The fund bought 2,289 shares of the utilities provider’s stock, valued at approximately $201,000.

A number of other institutional investors also recently bought and sold shares of SRE. Crews Bank & Trust purchased a new position in Sempra during the fourth quarter worth about $26,000. Eastern Bank purchased a new stake in shares of Sempra in the 3rd quarter valued at approximately $28,000. Human Investing LLC purchased a new stake in shares of Sempra in the 4th quarter valued at approximately $31,000. Hollencrest Capital Management raised its stake 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. Finally, ST Germain D J Co. Inc. raised its stake in shares of Sempra by 225.6% in the 4th quarter. ST Germain D J Co. Inc. now owns 433 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 300 shares during the period. 89.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SRE. Wells Fargo & Company boosted their price target on shares of Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Evercore ISI boosted their price target on shares of Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. 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 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 for the company in a report on Monday, January 27th. Finally, Morgan Stanley upgraded shares of Sempra from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $85.00 to $98.00 in a report on Friday, December 13th. One investment analyst has rated the stock with a sell rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.20.

Sempra Stock Up 0.6 %

Shares of NYSE:SRE opened at $84.59 on Wednesday. The firm has a 50 day simple moving average of $84.44 and a 200-day simple moving average of $84.74. Sempra has a twelve month low of $66.40 and a twelve month high of $95.77. The company has a market capitalization of $53.58 billion, a PE ratio of 18.63, a P/E/G ratio of 2.14 and a beta of 0.78. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.89.

Insider Activity at Sempra

In related news, CEO Jeffrey W. Martin sold 49,737 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $82.94, for a total value of $4,125,186.78. Following the completion of the sale, the chief executive officer now owns 2 shares in the company, valued at $165.88. This represents 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 the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $81.93, for a total transaction of $225,717.15. Following the completion of the sale, the senior vice president now owns 13,905 shares of the company’s stock, valued at approximately $1,139,236.65. This trade represents a 16.54 % decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is owned by insiders.

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.