SVB Wealth LLC Increases Holdings in Sempra (NYSE:SRE)

SVB Wealth LLC raised its stake in shares of Sempra (NYSE:SRE – Get Rating) by 62.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,560 shares of the utilities provider’s stock after buying an additional 1,372 shares during the quarter. SVB Wealth LLC’s holdings in Sempra were worth $534,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SRE. ClearBridge Investments Ltd purchased a new position in Sempra during the first quarter valued at $130,223,000. Prudential Financial Inc. raised its stake in shares of Sempra by 154.6% in the second quarter. Prudential Financial Inc. now owns 876,292 shares of the utilities provider’s stock worth $131,680,000 after purchasing an additional 532,093 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Sempra by 75.8% in the third quarter. Jennison Associates LLC now owns 1,046,771 shares of the utilities provider’s stock worth $156,953,000 after purchasing an additional 451,191 shares during the last quarter. Invesco Ltd. raised its stake in shares of Sempra by 22.2% in the first quarter. Invesco Ltd. now owns 2,287,516 shares of the utilities provider’s stock worth $384,577,000 after purchasing an additional 416,022 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Sempra by 1.7% in the second quarter. State Street Corp now owns 18,800,250 shares of the utilities provider’s stock worth $2,825,114,000 after purchasing an additional 305,700 shares during the last quarter. Hedge funds and other institutional investors own 84.75% of the company’s stock.

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Insider Buying and Selling at Sempra

In other Sempra news, CAO Peter R. Wall sold 2,940 shares of the business’s stock in a transaction dated Tuesday, January 31st. The stock was sold at an average price of $161.16, for a total transaction of $473,810.40. Following the completion of the sale, the chief accounting officer now owns 5,681 shares of the company’s stock, valued at $915,549.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sempra news, CAO Peter R. Wall sold 2,940 shares of the business’s stock in a transaction dated Tuesday, January 31st. The stock was sold at an average price of $161.16, for a total transaction of $473,810.40. Following the completion of the sale, the chief accounting officer now owns 5,681 shares of the company’s stock, valued at $915,549.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey W. Martin sold 15,964 shares of the business’s stock in a transaction dated Monday, January 30th. The shares were sold at an average price of $161.92, for a total value of $2,584,890.88. Following the completion of the transaction, the chief executive officer now owns 19,261 shares in the company, valued at $3,118,741.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,525 shares of company stock valued at $3,317,154. Company insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

SRE has been the subject of several recent analyst reports. Morgan Stanley decreased their price target on Sempra from $162.00 to $160.00 and set an “equal weight” rating for the company in a research note on Monday, January 23rd. TheStreet upgraded Sempra from a “c+” rating to a “b-” rating in a research note on Friday, December 2nd. Wells Fargo & Company lifted their price objective on Sempra from $168.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, December 14th. Guggenheim cut their price objective on Sempra from $174.00 to $165.00 in a report on Monday, October 24th. Finally, Seaport Res Ptn reaffirmed a “neutral” rating on shares of Sempra in a report on Monday, October 24th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $170.89.

Sempra Stock Performance

NYSE:SRE opened at $156.85 on Wednesday. The stock has a 50-day simple moving average of $158.41 and a two-hundred day simple moving average of $159.11. Sempra has a 52-week low of $131.01 and a 52-week high of $176.47. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.51 and a current ratio of 0.57. The firm has a market capitalization of $49.30 billion, a PE ratio of 22.00, a P/E/G ratio of 3.07 and a beta of 0.70.

Sempra Profile

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Sempra Energy is an energy-service holding company, which engages in the development and operation of energy infrastructure, and provision of electric and gas services. It operates through the following segments: San Diego Gas and Electric Company (SDG&E), Southern California Gas Company (SoCalGas), Sempra Texas Utilities, Sempra Mexico, and Sempra LNG.

Further Reading

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