Sempra (SRE) Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sempra in the last twelve months. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SRE shares.
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9 equities research analysts have issued twelve-month price targets for Sempra's stock. Their SRE share price forecasts range from $78.00 to $89.00. On average, they predict the company's stock price to reach $82.63 in the next twelve months. This suggests a possible upside of 14.8% from the stock's current price.
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Sempra's stock was trading at $77.27 at the beginning of the year. Since then, SRE stock has decreased by 6.9% and is now trading at $71.96.
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Sempra saw a increase in short interest in the month of August. As of August 15th, there was short interest totaling 5,280,000 shares, an increase of 94.1% from the July 31st total of 2,720,000 shares. Based on an average daily trading volume, of 2,260,000 shares, the days-to-cover ratio is presently 2.3 days.
View Sempra's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our SRE earnings forecast.

Sempra (NYSE:SRE) announced its quarterly earnings data on Thursday, August, 3rd. The utilities provider reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.08. The utilities provider earned $3.34 billion during the quarter, compared to the consensus estimate of $3.54 billion. Sempra had a net margin of 14.90% and a trailing twelve-month return on equity of 10.04%. The company's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.99 earnings per share.
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Sempra declared a quarterly dividend on Wednesday, September 6th. Stockholders of record on Wednesday, September 27th will be given a dividend of $0.595 per share on Sunday, October 15th. This represents a $2.38 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Tuesday, September 26th.
Read our dividend analysis for SRE.

ETFs with the largest weight of Sempra (NYSE:SRE) stock in their portfolio include Virtus Reaves Utilities ETF (UTES), Utilities Select Sector SPDR Fund (XLU), First Trust North American Energy Infrastructure Fund (EMLP), Fidelity MSCI Utilities Index ETF (FUTY), Vanguard Utilities ETF (VPU), ClearBridge Focus Value ESG ETF (CFCV), iShares U.S. Utilities ETF (IDU) and Direxion Daily Utilities Bull 3X Shares (UTSL).

Sempra (NYSE:SRE) pays an annual dividend of $2.38 per share and currently has a dividend yield of 3.25%. The company has been increasing its dividend for 19 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 60.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SRE will have a dividend payout ratio of 54.34% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SRE.

Shares of Sempra split on the morning of Tuesday, August 22nd 2023. The 2-1 split was announced on Tuesday, August 22nd 2023. The newly created shares were issued to shareholders after the closing bell on Tuesday, August 22nd 2023. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Sempra updated its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of $8.60-$9.20 for the period, compared to the consensus estimate of $8.99. The company issued revenue guidance of -.

18 employees have rated Sempra Chief Executive Officer Jeffrey W. Martin on Glassdoor.com. Jeffrey W. Martin has an approval rating of 81% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sempra investors own include AT&T (T), Johnson & Johnson (JNJ), RTX (RTX), Intel (INTC), Verizon Communications (VZ), Walmart (WMT), Chevron (CVX), Walt Disney (DIS), JPMorgan Chase & Co. (JPM) and Cisco Systems (CSCO).

Sempra trades on the New York Stock Exchange (NYSE) under the ticker symbol "SRE."

Sempra's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.19%), Capital International Investors (8.73%), State Street Corp (5.56%), Clearbridge Investments LLC (1.85%), Geode Capital Management LLC (1.83%) and Northern Trust Corp (1.13%). Insiders that own company stock include Jeffrey W Martin, Karen L Sedgwick, Peter R Wall and Trevor I Mihalik.
View institutional ownership trends.

Shares of SRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SRE stock can currently be purchased for approximately $71.96.

Sempra (NYSE:SRE) has a market capitalization of $45.29 billion and generates $14.44 billion in revenue each year. The utilities provider earns $2.14 billion in net income (profit) each year or $3.95 on an earnings per share basis.

The company employs 4,561 workers across the globe.

Sempra's mailing address is 488 8TH AVENUE, SAN DIEGO CA, 92101. The official website for the company is www.sempra.com. The utilities provider can be reached via phone at (619) 696-2000, via email at investor@sempra.com, or via fax at 619-696-2374.