Trinity Legacy Partners LLC Buys 2,014 Shares of Sempra (NYSE:SRE)

Trinity Legacy Partners LLC boosted its position in Sempra (NYSE:SRE) by 3.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 54,488 shares of the utilities provider’s stock after acquiring an additional 2,014 shares during the period. Trinity Legacy Partners LLC’s holdings in Sempra were worth $4,780,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SRE. Crews Bank & Trust purchased a new stake in shares of Sempra during the fourth quarter valued at $26,000. Eastern Bank purchased a new position in shares of Sempra during the third quarter worth $28,000. Human Investing LLC acquired a new position in Sempra during the fourth quarter valued at $31,000. Hollencrest Capital Management boosted its holdings in Sempra by 250.0% in the third quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 270 shares during the last quarter. Finally, ST Germain D J Co. Inc. grew its position in 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 purchasing an additional 300 shares during the period. 89.65% of the stock is owned by hedge funds and other institutional investors.

Sempra Price Performance

Sempra stock opened at $86.01 on Friday. The stock has a market capitalization of $54.48 billion, a P/E ratio of 18.94, a P/E/G ratio of 2.17 and a beta of 0.78. The company’s fifty day moving average price is $84.36 and its 200 day moving average price is $84.75. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.47 and a current ratio of 0.52. Sempra has a 1 year low of $66.40 and a 1 year high of $95.77.

Analyst Upgrades and Downgrades

SRE has been the subject of several analyst reports. Barclays decreased their price objective on Sempra from $99.00 to $95.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Morgan Stanley raised Sempra from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $85.00 to $98.00 in a report on Friday, December 13th. Wells Fargo & Company raised their price objective on shares of Sempra from $87.00 to $96.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Evercore ISI lifted their target price on shares of Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Jefferies Financial Group assumed coverage on shares of Sempra in a report on Thursday, October 24th. They set a “buy” rating and a $98.00 price target on the stock. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $91.20.

Insider Buying and Selling at Sempra

In other news, SVP Alexander Lisa Larroque sold 2,755 shares of Sempra stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $81.93, for a total value 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. The trade was a 16.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey W. Martin sold 49,737 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $82.94, for a total value of $4,125,186.78. Following the sale, the chief executive officer now owns 2 shares of the company’s stock, valued at $165.88. The trade was a 100.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

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.