Asset Planning Inc Makes New Investment in Sempra (NYSE:SRE)

Asset Planning Inc purchased a new position in shares of Sempra (NYSE:SRE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,184 shares of the utilities provider’s stock, valued at approximately $1,771,000. Sempra makes up about 1.3% of Asset Planning Inc’s investment portfolio, making the stock its 17th biggest holding.

Several other institutional investors have also added to or reduced their stakes in the stock. Crews Bank & Trust acquired a new position in shares of Sempra during the 4th quarter worth about $26,000. Eastern Bank bought a new stake in shares of Sempra during the 3rd quarter worth approximately $28,000. Hollencrest Capital Management lifted its holdings in shares of Sempra by 250.0% during the 3rd quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 270 shares during the period. ST Germain D J Co. Inc. lifted its holdings in shares of Sempra by 225.6% during 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 period. Finally, LRI Investments LLC lifted its stake in Sempra by 180.4% in the 3rd quarter. LRI Investments LLC now owns 443 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 285 shares during the last quarter. 89.65% of the stock is owned by institutional investors.

Sempra Trading Up 1.1 %

Sempra stock opened at $83.88 on Friday. The firm has a market capitalization of $53.13 billion, a price-to-earnings ratio of 18.48, a P/E/G ratio of 2.09 and a beta of 0.78. The firm has a 50 day moving average of $84.86 and a 200 day moving average of $84.61. Sempra has a 12-month low of $66.40 and a 12-month high of $95.77. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 0.89.

Analysts Set New Price Targets

Several equities analysts have issued reports on SRE shares. Evercore ISI upped their price target on shares of Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Jefferies Financial Group started coverage on shares of Sempra in a report on Thursday, October 24th. They issued a “buy” rating and a $98.00 price target for the company. Morgan Stanley raised shares of Sempra from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $85.00 to $98.00 in a research note on Friday, December 13th. BMO Capital Markets raised their price objective on shares of Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Finally, Barclays dropped their price target on shares of Sempra from $99.00 to $95.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Sempra currently has an average rating of “Moderate Buy” and an average target price of $91.20.

Insider Transactions at Sempra

In other news, VP Trevor I. Mihalik sold 23,713 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $93.09, for a total value of $2,207,443.17. Following the sale, the vice president now owns 11,190 shares in the company, valued at $1,041,677.10. This represents a 67.94 % decrease in their ownership of the stock. The sale was disclosed in a filing 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 dated 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 directly owns 13,905 shares of the company’s stock, valued at $1,139,236.65. The trade was a 16.54 % decrease in their position. 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 currently owned by insiders.

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.