Werba Rubin Papier Wealth Management Invests $201,000 in Sempra (NYSE:SRE)

Werba Rubin Papier Wealth Management purchased a new position in Sempra (NYSE:SRE) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,289 shares of the utilities provider’s stock, valued at approximately $201,000.

Other hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP raised its stake in shares of Sempra by 0.4% during the 3rd quarter. Wellington Management Group LLP now owns 34,324,893 shares of the utilities provider’s stock worth $2,870,591,000 after acquiring an additional 128,847 shares in the last quarter. State Street Corp raised its stake in shares of Sempra by 4.9% during the 3rd quarter. State Street Corp now owns 32,940,620 shares of the utilities provider’s stock worth $2,774,974,000 after acquiring an additional 1,539,026 shares in the last quarter. FMR LLC raised its stake in shares of Sempra by 9.1% during the 3rd quarter. FMR LLC now owns 18,978,605 shares of the utilities provider’s stock worth $1,587,181,000 after acquiring an additional 1,582,653 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Sempra by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 12,761,872 shares of the utilities provider’s stock worth $1,063,007,000 after acquiring an additional 145,873 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Sempra by 1.7% during the 3rd quarter. Franklin Resources Inc. now owns 7,695,988 shares of the utilities provider’s stock worth $639,921,000 after acquiring an additional 129,891 shares in the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Sempra Stock Up 0.6 %

SRE stock opened at $84.59 on Wednesday. The firm has a market cap of $53.58 billion, a PE ratio of 18.63, a P/E/G ratio of 2.14 and a beta of 0.78. 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 firm’s fifty day moving average is $84.44 and its 200 day moving average is $84.74. Sempra has a one year low of $66.40 and a one year high of $95.77.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Jefferies Financial Group started coverage on shares of Sempra in a research note on Thursday, October 24th. They set a “buy” rating and a $98.00 price objective for the company. Barclays cut their price target on shares of Sempra from $99.00 to $95.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Morgan Stanley upgraded shares of Sempra from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $85.00 to $98.00 in a research note on Friday, December 13th. 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 note on Thursday, November 7th. Finally, Wells Fargo & Company upped their price target on shares of Sempra from $87.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating and ten have given a buy rating to the company. Based on data from MarketBeat, Sempra presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.20.

Insider Activity at Sempra

In other news, SVP Alexander Lisa Larroque sold 2,755 shares of Sempra stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $81.93, for a total value of $225,717.15. Following the sale, the senior vice president now owns 13,905 shares in the company, valued at $1,139,236.65. This trade represents a 16.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey W. Martin sold 49,737 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $82.94, for a total transaction of $4,125,186.78. Following the completion of the transaction, the chief executive officer now directly owns 2 shares in the company, valued at approximately $165.88. This represents a 100.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.27% of the stock is owned by company insiders.

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.