Sempra Energy - SRE Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sempra Energy in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SRE shares.
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10 analysts have issued 12 month price targets for Sempra Energy's shares. Their SRE share price forecasts range from $150.00 to $180.00. On average, they expect the company's stock price to reach $168.45 in the next twelve months. This suggests a possible upside of 12.6% from the stock's current price.
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Sempra Energy's stock was trading at $154.54 at the beginning of 2023. Since then, SRE stock has decreased by 3.2% and is now trading at $149.56.
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Sempra Energy saw a increase in short interest in March. As of March 15th, there was short interest totaling 3,450,000 shares, an increase of 25.9% from the February 28th total of 2,740,000 shares. Based on an average trading volume of 1,320,000 shares, the days-to-cover ratio is presently 2.6 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our SRE earnings forecast.

Sempra Energy (NYSE:SRE) posted its quarterly earnings data on Tuesday, February, 28th. The utilities provider reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.29. The utilities provider earned $3.46 billion during the quarter, compared to analysts' expectations of $3.79 billion. Sempra Energy had a trailing twelve-month return on equity of 10.53% and a net margin of 14.74%. The company's quarterly revenue was down 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.16 EPS.

Sempra Energy declared a quarterly dividend on Tuesday, February 28th. Shareholders of record on Wednesday, March 22nd will be paid a dividend of $1.19 per share on Saturday, April 15th. This represents a $4.76 annualized dividend and a yield of 3.18%. The ex-dividend date is Tuesday, March 21st. This is a positive change from the stock's previous quarterly dividend of $1.15.
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), Vanguard Utilities ETF (VPU), First Trust US Equity Opportunities ETF (FPX), Fidelity MSCI Utilities Index ETF (FUTY), 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 3.30%. 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 71.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SRE will have a dividend payout ratio of 49.90% 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 Tuesday, February, 28th. The company provided EPS guidance of $8.60-$9.20 for the period, compared to the consensus earnings per share estimate of $9.00. 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 many different retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (4.06%), Deutsche Bank AG (2.32%), Newport Trust Co (2.27%), Norges Bank (2.06%), Geode Capital Management LLC (1.84%) and Morgan Stanley (1.57%). 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 $149.56.

Sempra Energy (NYSE:SRE) has a market capitalization of $47.05 billion and generates $14.44 billion in revenue each year. The utilities provider earns $2.14 billion in net income (profit) each year or $6.62 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.