MidFirst Bank Invests $2.78 Million in Sempra Energy $SRE

MidFirst Bank bought a new position in shares of Sempra Energy (NYSE:SRE) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 31,441 shares of the utilities provider’s stock, valued at approximately $2,776,000.

A number of other large investors have also recently bought and sold shares of SRE. Empowered Funds LLC lifted its stake in Sempra Energy by 52.5% during the 1st quarter. Empowered Funds LLC now owns 18,008 shares of the utilities provider’s stock valued at $1,285,000 after acquiring an additional 6,196 shares during the period. Woodline Partners LP increased its stake in shares of Sempra Energy by 40.7% in the first quarter. Woodline Partners LP now owns 53,512 shares of the utilities provider’s stock worth $3,819,000 after acquiring an additional 15,474 shares during the period. Baird Financial Group Inc. increased its stake in shares of Sempra Energy by 6.2% in the second quarter. Baird Financial Group Inc. now owns 14,699 shares of the utilities provider’s stock worth $1,114,000 after acquiring an additional 858 shares during the period. Cary Street Partners Financial LLC raised its holdings in shares of Sempra Energy by 78.5% during the second quarter. Cary Street Partners Financial LLC now owns 771 shares of the utilities provider’s stock worth $58,000 after purchasing an additional 339 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Sempra Energy by 80.0% during the second quarter. Sei Investments Co. now owns 423,280 shares of the utilities provider’s stock worth $32,072,000 after purchasing an additional 188,131 shares during the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Insiders Place Their Bets

In related news, Director Pablo Ferrero sold 2,600 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $89.53, for a total value of $232,778.00. Following the completion of the transaction, the director owned 15,423 shares of the company’s stock, valued at approximately $1,380,821.19. This represents a 14.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Caroline Ann Winn sold 8,000 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total value of $724,400.00. Following the transaction, the executive vice president owned 25,164 shares in the company, valued at $2,278,600.20. This represents a 24.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 15,028 shares of company stock valued at $1,370,273 over the last quarter. Insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Truist Financial set a $104.00 target price on shares of Sempra Energy and gave the company a “buy” rating in a research report on Monday, May 18th. Barclays reiterated an “overweight” rating and set a $105.00 price objective (up from $95.00) on shares of Sempra Energy in a research note on Wednesday, April 15th. Morgan Stanley set a $104.00 price objective on Sempra Energy and gave the company an “overweight” rating in a report on Tuesday, April 21st. UBS Group restated a “neutral” rating and issued a $100.00 target price (up from $96.00) on shares of Sempra Energy in a research note on Friday, March 6th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sempra Energy in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $102.67.

Sempra Energy Stock Performance

SRE opened at $90.62 on Friday. The firm has a fifty day moving average price of $92.53 and a 200 day moving average price of $91.69. Sempra Energy has a 1 year low of $73.18 and a 1 year high of $101.04. The stock has a market cap of $59.24 billion, a P/E ratio of 30.72, a P/E/G ratio of 2.17 and a beta of 0.56. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.69 and a quick ratio of 1.66.

Sempra Energy (NYSE:SRE) last released its quarterly earnings results on Thursday, May 7th. The utilities provider reported $1.51 EPS for the quarter, meeting the consensus estimate of $1.51. Sempra Energy had a net margin of 14.31% and a return on equity of 8.20%. The company had revenue of $3.65 billion for the quarter, compared to analyst estimates of $4.10 billion. During the same quarter last year, the business earned $1.44 earnings per share. The firm’s revenue was down 3.9% on a year-over-year basis. Sempra Energy has set its FY 2027 guidance at 5.100-5.700 EPS and its FY 2026 guidance at 4.870-5.370 EPS. Equities research analysts anticipate that Sempra Energy will post 5.11 earnings per share for the current year.

Sempra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, June 25th will be given a dividend of $0.6575 per share. The ex-dividend date is Thursday, June 25th. This represents a $2.63 dividend on an annualized basis and a dividend yield of 2.9%. Sempra Energy’s dividend payout ratio (DPR) is 89.15%.

About Sempra Energy

Sempra Energy is a San Diego–based energy infrastructure company that develops, owns and operates businesses delivering electricity and natural gas. Its operations include regulated utility services that provide electric and gas distribution to residential, commercial and industrial customers, as well as non?regulated infrastructure businesses that develop and manage large-scale energy assets.

The company’s product and service portfolio spans electricity and natural gas delivery, transmission and storage, liquefied natural gas (LNG) facilities, power generation and electric transmission projects.