Apollon Wealth Management LLC Buys 699 Shares of Sempra (NYSE:SRE)

Apollon Wealth Management LLC raised its stake in Sempra (NYSE:SRE) by 6.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,582 shares of the utilities provider’s stock after buying an additional 699 shares during the quarter. Apollon Wealth Management LLC’s holdings in Sempra were worth $1,016,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Crews Bank & Trust acquired a new position in Sempra during the fourth quarter worth $26,000. Eastern Bank acquired a new position in Sempra during the third quarter worth $28,000. Hollencrest Capital Management increased its holdings in Sempra by 250.0% during the third quarter. Hollencrest Capital Management now owns 378 shares of the utilities provider’s stock worth $32,000 after buying an additional 270 shares during the last quarter. ST Germain D J Co. Inc. increased its holdings in Sempra by 225.6% during the fourth quarter. ST Germain D J Co. Inc. now owns 433 shares of the utilities provider’s stock worth $38,000 after buying an additional 300 shares during the last quarter. Finally, LRI Investments LLC increased its holdings in Sempra by 180.4% during the third quarter. LRI Investments LLC now owns 443 shares of the utilities provider’s stock worth $40,000 after buying an additional 285 shares during the last quarter. Institutional investors own 89.65% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jeffrey W. Martin sold 49,737 shares of the company’s stock in a transaction dated 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 owns 2 shares of the company’s stock, valued at $165.88. This represents a 100.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 transaction 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. This represents a 16.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 76,205 shares of company stock valued at $6,558,347 over the last quarter. 0.24% of the stock is owned by company insiders.

Sempra Trading Up 1.4 %

SRE stock opened at $83.40 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.47 and a current ratio of 0.52. The company’s 50-day simple moving average is $85.20 and its 200 day simple moving average is $84.58. Sempra has a 52 week low of $66.40 and a 52 week high of $95.77. The company has a market capitalization of $52.82 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 2.09 and a beta of 0.78.

Analysts Set New Price Targets

Several research firms have commented on SRE. Evercore ISI upped their price objective on shares of Sempra from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Morgan Stanley upgraded shares of Sempra from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $85.00 to $98.00 in a report on Friday, December 13th. Barclays decreased their price objective on shares of Sempra from $99.00 to $95.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. 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 on the stock. Finally, BMO Capital Markets upped their price objective on shares of Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.20.

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.