The Sempra Energy (SRE) share price is expected to increase by 0.73% over the next year. This is based on calculating the average 12-month share price estimate provided by 11 stock analysts who have covered SRE. Price targets range from $85 at the low end to $102 at the high end. The current analyst consensus for SRE is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
About 11 Wall Street analysts have assignedSRE 8 buy ratings, 3 hold ratings, and 0 sell ratings. This means that analysts expect Sempra Energy to buy. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on SRE. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of SRE.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Durgesh Chopra Evercore ISI Group | Outperform | $88 | Maintains | Nov 7, 2024 |
Sarah Akers Wells Fargo | Overweight | $96 | Maintains | Nov 7, 2024 |
Julien Dumoulin-Smith Jefferies | Buy | $98 | Initiates | Oct 24, 2024 |
James Thalacker BMO Capital | Outperform | $96 | Maintains | Oct 21, 2024 |
Eric Beaumont Barclays | Overweight | $89 | Maintains | Oct 1, 2024 |
David Arcaro Morgan Stanley | Equal-Weight | $85 | Maintains | Sep 25, 2024 |
Ross Fowler B of A Securities | Buy | $94 | Reinstates | Sep 12, 2024 |
James Thalacker BMO Capital | Outperform | $93 | Maintains | Sep 12, 2024 |
David Arcaro Morgan Stanley | Equal-Weight | $80 | Maintains | Aug 23, 2024 |
Eric Beaumont Barclays | Overweight | $87 | Maintains | Aug 13, 2024 |
Durgesh Chopra Evercore ISI Group | Outperform | $84 | Maintains | Aug 7, 2024 |
James Thalacker BMO Capital | Outperform | $84 | Maintains | Jul 10, 2024 |
David Arcaro Morgan Stanley | Equal-Weight | $76 | Maintains | Jun 24, 2024 |
Paul Fremont Ladenburg Thalmann | Buy | $79 | Maintains | May 29, 2024 |
Anthony Crowdell Mizuho | Buy | $86 | Maintains | May 17, 2024 |
Sarah Akers Wells Fargo | Overweight | $84 | Maintains | May 8, 2024 |
David Arcaro Morgan Stanley | Equal-Weight | $75 | Maintains | Mar 21, 2024 |
Eric Beaumont Barclays | Overweight | $79 | Maintains | Mar 14, 2024 |
Shelby Tucker RBC Capital | Outperform | $82 | Reiterates | Mar 6, 2024 |
Anthony Crowdell Mizuho | Buy | $79 | Maintains | Jan 25, 2024 |
When did it IPO
1998
Staff Count
16,835
Country
United States
Sector/Industry
Utilities/UtilitiesโDiversified
CEO
Mr. Jeffrey Walker Martin
Market Cap
$58.40B
In 2023, SRE generated $16.72B in revenue, which was a increase of 15.80% from the previous year. This can be seen as a signal that SRE's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
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Revenue From 2023
Summary - Southern California Gas Company (SoCalGas) will pay quarterly dividends of $0.375 per share on its preferred stock on January 15, 2025, to shareholders on record by December 10, 2024.
Why It Matters - The declaration of dividends by SoCalGas indicates financial stability and confidence in future earnings, potentially attracting income-focused investors and affecting stock valuation.
Summary - SoCalGas is promoting energy-saving tips and efficiency programs for customers as cooler weather approaches, aiming to help manage energy use and maintain comfort.
Why It Matters - SoCalGas's focus on energy efficiency can enhance customer loyalty and reduce operating costs, potentially improving financial performance and stock value amid seasonal demand changes.
Summary - Sempra (NYSE: SRE) has been named one of TIME Magazine's World's Best Companies for 2024, recognized for employee satisfaction, revenue growth, and sustainability transparency.
Why It Matters - Sempra's recognition by TIME as one of the World's Best Companies highlights strong employee satisfaction and growth, potentially boosting investor confidence and attracting new capital.
Summary - Sempra (NYSE:SRE) will hold its Q3 2024 Earnings Conference Call on November 6, 2024, featuring key executives and analysts from various financial firms.
Why It Matters - The upcoming earnings call provides insights into Sempra's financial performance and strategic direction, impacting stock valuation and investor sentiment.
Summary - Sempra (NYSE: SRE) reported Q3 2024 GAAP earnings of $638 million ($1.00/share), down from $721 million ($1.14/share) in Q3 2023. Adjusted earnings were $566 million ($0.89/share), also lower than the previous year.
Why It Matters - Sempra's declining earnings signals potential challenges in profitability, which may affect stock performance and investor confidence moving forward.
Summary - Oncor Electric Delivery reported Q3 2024 net income of $324 million, down from $380 million in Q3 2023, due to higher expenses offset by increased revenues from updated rates and customer growth.
Why It Matters - Oncor's declining net income signals rising costs and customer consumption issues, impacting profitability, which may influence investor sentiment and stock performance.