MidFirst Bank Takes Position in Sempra Energy $SRE

MidFirst Bank purchased a new position in Sempra Energy (NYSE:SRE) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 27,096 shares of the utilities provider’s stock, valued at approximately $2,512,000.

A number of other institutional investors have also added to or reduced their stakes in SRE. Bell Investment Advisors Inc raised its position in shares of Sempra Energy by 79.5% during the first quarter. Bell Investment Advisors Inc now owns 262 shares of the utilities provider’s stock valued at $25,000 after buying an additional 116 shares during the last quarter. Ares Financial Consulting LLC bought a new position in Sempra Energy during the fourth quarter valued at approximately $26,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in Sempra Energy by 57.7% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 347 shares of the utilities provider’s stock valued at $31,000 after buying an additional 127 shares during the last quarter. Key Financial Inc grew its holdings in Sempra Energy by 73.6% during the 4th quarter. Key Financial Inc now owns 361 shares of the utilities provider’s stock valued at $32,000 after buying an additional 153 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC grew its holdings in Sempra Energy by 83.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the utilities provider’s stock valued at $32,000 after buying an additional 161 shares in the last quarter. 89.65% of the stock is owned by hedge funds and other institutional investors.

Sempra Energy Stock Performance

NYSE:SRE opened at $85.97 on Tuesday. The firm has a market capitalization of $56.22 billion, a PE ratio of 24.92, a PEG ratio of 2.08 and a beta of 0.57. The stock’s fifty day moving average is $90.77 and its 200 day moving average is $92.26. Sempra Energy has a fifty-two week low of $78.97 and a fifty-two week high of $101.04. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.62 and a current ratio of 1.64.

Sempra Energy (NYSE:SRE) last posted its quarterly earnings data on Thursday, August 6th. The utilities provider reported $1.16 EPS for the quarter, topping the consensus estimate of $1.01 by $0.15. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same period in the previous year, the firm earned $0.89 earnings per share. Sempra Energy’s quarterly revenue was down .1% compared to the same quarter last year. Sempra Energy has set its FY 2027 guidance at 5.100-5.700 EPS and its FY 2026 guidance at 4.800-5.300 EPS. On average, sell-side analysts anticipate that Sempra Energy will post 5.12 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SRE shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sempra Energy in a report on Friday, July 17th. Truist Financial set a $100.00 price target on shares of Sempra Energy and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley reaffirmed an “overweight” rating and set a $108.00 price target on shares of Sempra Energy in a research note on Wednesday, July 22nd. Barclays lowered their price objective on shares of Sempra Energy from $105.00 to $103.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Finally, Wall Street Zen upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.92.

Insider Activity

In related news, EVP Caroline Ann Winn sold 8,000 shares of Sempra Energy stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $90.55, for a total transaction of $724,400.00. Following the completion of the transaction, the executive vice president directly owned 25,164 shares of the company’s stock, valued at approximately $2,278,600.20. The trade was a 24.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.31% of the company’s stock.

Sempra Energy Profile

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.