Sempra (SRE) Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sempra in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SRE shares.
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9 Wall Street analysts have issued 12 month price objectives for Sempra's shares. 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 18.7% 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 shares have decreased by 9.9% and is now trading at $69.63.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our SRE earnings forecast.

Sempra (NYSE:SRE) released its quarterly earnings results on Thursday, August, 3rd. The utilities provider reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.08. The utilities provider had revenue of $3.34 billion for the quarter, compared to analysts' expectations 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 was down 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.99 EPS.
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Sempra declared a quarterly dividend on Wednesday, September 6th. Shareholders 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 3.42%. The ex-dividend date 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 3.31%. 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 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 54.21% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SRE.

Sempra's stock split before market open on Tuesday, August 22nd 2023. The 2-1 split was announced on Tuesday, August 22nd 2023. The newly issued shares were payable to shareholders after the market closes 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 earnings per share 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 variety of institutional and retail investors. Top institutional shareholders 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.
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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 $69.63.

Sempra (NYSE:SRE) has a market capitalization of $43.82 billion and generates $16.97 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.