Kingsview Wealth Management LLC Has $4.07 Million Stock Holdings in Sempra (NYSE:SRE)

Kingsview Wealth Management LLC decreased its holdings in shares of Sempra (NYSE:SRE) by 0.3% in the 4th quarter, HoldingsChannel reports. The firm owned 46,391 shares of the utilities provider’s stock after selling 127 shares during the period. Kingsview Wealth Management LLC’s holdings in Sempra were worth $4,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in SRE. Mather Group LLC. lifted its holdings in Sempra by 35.5% during the 3rd quarter. Mather Group LLC. now owns 740 shares of the utilities provider’s stock valued at $62,000 after purchasing an additional 194 shares during the last quarter. Wedmont Private Capital lifted its holdings in shares of Sempra by 5.9% during the third quarter. Wedmont Private Capital now owns 5,716 shares of the utilities provider’s stock worth $466,000 after buying an additional 318 shares in the last quarter. Sanibel Captiva Trust Company Inc. boosted its position in shares of Sempra by 4.6% in the third quarter. Sanibel Captiva Trust Company Inc. now owns 6,054 shares of the utilities provider’s stock valued at $506,000 after acquiring an additional 265 shares during the period. UMB Bank n.a. boosted its position in shares of Sempra by 3.5% in the third quarter. UMB Bank n.a. now owns 13,007 shares of the utilities provider’s stock valued at $1,088,000 after acquiring an additional 434 shares during the period. Finally, LVW Advisors LLC bought a new stake in shares of Sempra in the third quarter valued at about $226,000. Institutional investors and hedge funds own 89.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Jefferies Financial Group assumed coverage on shares of Sempra in a research report on Thursday, October 24th. They issued a “buy” rating and a $98.00 target price for the company. Morgan Stanley raised shares of Sempra from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $85.00 to $98.00 in a research report on Friday, December 13th. BMO Capital Markets boosted their target price on shares of Sempra from $93.00 to $96.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Finally, Evercore ISI boosted their target price 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. One analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sempra presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.20.

Sempra Price Performance

Shares of SRE stock opened at $81.94 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 0.89. Sempra has a twelve month low of $66.40 and a twelve month high of $95.77. The company has a market cap of $51.90 billion, a P/E ratio of 18.05, a P/E/G ratio of 2.09 and a beta of 0.78. The business has a fifty day simple moving average of $85.40 and a 200 day simple moving average of $84.47.

Sempra (NYSE:SRE) last announced its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.16). Sempra had a return on equity of 8.06% and a net margin of 22.63%. The business had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter in the prior year, the company earned $1.08 earnings per share. Sempra’s quarterly revenue was down 16.7% compared to the same quarter last year. On average, sell-side analysts forecast that Sempra will post 4.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP Trevor I. Mihalik sold 23,713 shares of the 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 completion of the sale, the vice president now owns 11,190 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through the SEC website. Also, CEO Jeffrey W. Martin sold 49,737 shares of the stock in a transaction dated 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 directly owns 2 shares of the company’s stock, valued at approximately $165.88. The trade was a 100.00 % decrease in their position. 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.