Sempra Energy (SRE) Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sempra Energy in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SRE shares.
View SRE analyst ratings or view top-rated stocks.

8 equities research analysts have issued 1 year price objectives for Sempra Energy's shares. Their SRE share price forecasts range from $161.00 to $176.00. On average, they predict the company's share price to reach $167.25 in the next twelve months. This suggests a possible upside of 16.0% from the stock's current price.
View analysts price targets for SRE or view top-rated stocks among Wall Street analysts.

Sempra Energy's stock was trading at $154.54 on January 1st, 2023. Since then, SRE stock has decreased by 6.7% and is now trading at $144.19.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our SRE earnings forecast.

Sempra Energy (NYSE:SRE) announced its quarterly earnings results on Thursday, May, 4th. The utilities provider reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.76 by $0.16. The utilities provider earned $6.56 billion during the quarter, compared to analysts' expectations of $4.04 billion. Sempra Energy had a net margin of 14.47% and a trailing twelve-month return on equity of 10.28%. The firm's revenue was up 71.7% compared to the same quarter last year. During the same period last year, the business earned $2.91 earnings per share.
Read the conference call transcript.

Sempra Energy announced a quarterly dividend on Thursday, May 11th. Stockholders of record on Wednesday, July 5th will be given a dividend of $1.19 per share on Saturday, July 15th. This represents a $4.76 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Monday, July 3rd.
Read our dividend analysis for SRE.

ETFs with the largest weight of Sempra Energy (NYSE:SRE) stock in their portfolio include ClearBridge Focus Value ESG ETF (CFCV), Utilities Select Sector SPDR Fund (XLU), First Trust North American Energy Infrastructure Fund (EMLP), Fidelity MSCI Utilities Index ETF (FUTY), Vanguard Utilities ETF (VPU), Invesco DWA Utilities Momentum ETF (PUI), iShares U.S. Utilities ETF (IDU) and First Trust EIP Carbon Impact ETF (ECLN).

Sempra Energy (NYSE:SRE) pays an annual dividend of $4.76 per share and currently has a dividend yield of 3.31%. 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 61.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SRE will have a dividend payout ratio of 49.95% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SRE.

Sempra Energy updated its FY 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of $8.60-$9.20 for the period, compared to the consensus EPS estimate of $9.01. The company issued revenue guidance of -.

18 employees have rated Sempra Energy 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 Energy investors own include AT&T (T), Johnson & Johnson (JNJ), Raytheon Technologies (RTX), Intel (INTC), Verizon Communications (VZ), Walmart (WMT), Chevron (CVX), Walt Disney (DIS), JPMorgan Chase & Co. (JPM) and Cisco Systems (CSCO).

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

Sempra Energy's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.26%), State Street Corp (5.54%), Wellington Management Group LLP (3.96%), Price T Rowe Associates Inc. MD (3.34%), Newport Trust Co (2.25%) and FMR LLC (1.81%). Insiders that own company stock include Andres Conesa, Cynthia Lynn Walker, Jeffrey W Martin, Karen L Sedgwick, Michael N Mears, Peter R Wall and Trevor I Mihalik.
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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 $144.19.

Sempra Energy (NYSE:SRE) has a market capitalization of $45.37 billion and generates $14.44 billion in revenue each year. The utilities provider earns $2.14 billion in net income (profit) each year or $7.76 on an earnings per share basis.

The company employs 4,561 workers across the globe.

Sempra Energy'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.