Sempra operates as an energy-services holding company in the United States and internationally. The company's San Diego Gas & Electric Company segment generates, transmits, and distributes electricity; and supplies natural gas. It offers electric services to approximately 3.7 million population and natural gas services to approximately 3.4 million population that covers 4,100 square miles. Its Southern California Gas Company segment owns and operates a natural gas distribution, transmission, and storage system that supplies natural gas to a population of approximately 22 million covering an area of 24,000 square miles. The company's Sempra Texas Utilities segment engages in the regulated transmission and distribution of electricity serving 3.7 million homes and businesses, and operation of 139,000 miles of transmission and distribution lines. Its transmission system includes 18,127 circuit miles of transmission lines, 336 transmission stations, and 806 distribution substations; distribution system comprises 121,129 miles of overhead and underground lines; and 63 miles of electric transmission lines. The company's Sempra Mexico segment develops, owns, operates, or holds interests in natural gas, electric, LNG, LPG, ethane, and liquid fuels infrastructure; purchases LNG; purchases and sells natural gas; and operates natural-gas-fired, and wind and solar power generation facilities. Its assets/facilities consist of 1,850 miles of natural gas transmission pipelines, 15 compressor stations, and 139 miles of ethane pipelines; and 2,729 miles of natural gas distribution pipelines. Its Sempra LNG segment develops and builds natural gas liquefaction export facilities; holds an interest in a facility for the export of LNG; owns and operates natural gas pipelines; and buys, sells, and transports natural gas. The company was formerly known as Sempra Energy and changed its name to Sempra in July 2021. Sempra was founded in 1998 and is headquartered in San Diego, California.
IPO Year:
Exchange: NYSE
Website: sempra.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/24/2024 | $98.00 | Buy | Jefferies |
| 9/12/2024 | $94.00 | Buy | BofA Securities |
| 1/11/2024 | $76.00 → $84.00 | Market Perform → Outperform | BMO Capital Markets |
| 1/3/2024 | $81.50 | Buy | Ladenburg Thalmann |
| 12/12/2023 | $78.00 → $86.00 | Neutral → Overweight | JP Morgan |
| 8/23/2023 | $156.00 | Overweight | Barclays |
| 6/8/2023 | $178.00 | Buy | Goldman |
| 7/14/2022 | Neutral → Buy | BofA Securities | |
| 7/6/2022 | $164.00 → $167.00 | Neutral → Buy | Goldman |
| 4/26/2022 | $180.00 | Outperform | Credit Suisse |
LOS ANGELES, Nov. 12, 2024 /PRNewswire/ -- The board of directors of Southern California Gas Company (SoCalGas) has declared regular quarterly dividends for the preferred series stock of the company as follows: SoCalGas: Preferred Stock $0.375 per share Preferred Stock, Series A $0.375 per share The dividends are payable on January 15, 2025, to shareholders of record on December 10, 2024. About SoCalGasSoCalGas is the largest gas distribution utility in the United States serving approximately 21 million consumers across approximately 24,000 square miles of Central and Southern California. SoCalGas' mission is to build the cleanest, safest, and most innovative energy infrastructure company
SAN DIEGO, Nov. 7, 2024 /PRNewswire/ -- Sempra (NYSE:SRE) (BMV:SRE) today announced that its board of directors has declared a $0.62 per share quarterly dividend on the company's common stock, which is payable Jan. 15, 2025, to common stock shareholders of record at the close of business on Dec. 5, 2024. About SempraSempra (NYSE:SRE) is a leading North American energy infrastructure company focused on delivering energy to nearly 40 million consumers. As owner of one of the largest energy networks on the continent, Sempra is electrifying and improving the energy resilience of some of the world's most significant economic markets, including California, Texas, Mexico and global energy markets.
DALLAS, Nov. 6, 2024 /PRNewswire/ -- Oncor Electric Delivery Company LLC ("Oncor") today reported three months ended September 30, 2024 net income of $324 million compared to three months ended September 30, 2023 net income of $380 million. The $56 million decrease was driven by higher interest expense and depreciation expense associated with increases in invested capital and higher operation and maintenance expense, partially offset by overall higher revenues primarily attributable to updated interim rates to reflect increases in invested capital, increases in transmission billing units and customer growth, net of lower revenues due to lower customer consumption primarily attributable to mi
SAN DIEGO, Nov. 6, 2024 /PRNewswire/ -- Sempra (NYSE:SRE) (BMV:SRE) today reported third-quarter 2024 earnings, prepared in accordance with generally accepted accounting principles (GAAP), of $638 million, or $1.00 per diluted share, compared to third-quarter 2023 GAAP earnings of $721 million, or $1.14 per diluted share. On an adjusted basis, the company's third-quarter 2024 earnings were $566 million, or $0.89 per diluted share, compared to $685 million, or $1.08 per diluted share in third-quarter 2023. "We are pleased with our operational and financial results for the third quarter," said Jeffrey W. Martin, chairman and CEO of Sempra. "We remain focused on executing our business plan, imp
DALLAS, Oct. 22, 2024 /PRNewswire/ -- Oncor Electric Delivery Company LLC ("Oncor") plans to release its third quarter 2024 results on November 6, prior to Sempra's (NYSE:SRE) (BMV:SRE) third quarter 2024 results conference call. Oncor's earnings release will be available on Oncor's website, oncor.com. Sempra executives will host a conference call at 12 p.m. ET on Wednesday, November 6 that will include discussion of Oncor's third quarter 2024 operational and financial results. Investors, media, analysts and the public may listen to a live webcast of the conference call by reg
SAN DIEGO, Oct. 21, 2024 /PRNewswire/ -- Sempra (NYSE:SRE) (BMV:SRE) plans to release its third-quarter 2024 earnings by 8 a.m. ET on Wednesday, November 6. Jeffrey W. Martin, chairman and CEO, Karen Sedgwick, executive vice president and chief financial officer, and other senior leaders from across the company will host a conference call at 12 p.m. ET on Wednesday, November 6. Investors, media, analysts and the public may listen to a live webcast of the conference call by registering on the Investors section of the company's website and clicking on the appropriate link. An accompanying slide presentation detailing the earnings results will be published to Sempra's Investors site by 8 a.m.
SAN DIEGO, Sept. 4, 2024 /PRNewswire/ -- Sempra (NYSE:SRE) (BMV:SRE) today announced that its board of directors has declared a $0.62 per share quarterly dividend on the company's common stock, which is payable Oct. 15, 2024, to common stock shareholders of record at the close of business on Sept. 26, 2024. Sempra's board of directors also declared a semi-annual dividend of $24.375 per share on the company's 4.875% Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, Series C, which is payable Oct. 15, 2024, to Series C preferred stock shareholders of record at the close of business on Oct. 1, 2024. About Sempra Sempra (NYSE:SRE) is a leading North American energy infrastructure
LOS ANGELES, Aug. 8, 2024 /PRNewswire/ -- The board of directors of Southern California Gas Company (SoCalGas) has declared regular quarterly dividends for the preferred series stock of the company as follows: SoCalGas: Preferred Stock $0.375 per share Preferred Stock, Series A $0.375 per share The dividends are payable on October 15, 2024, to shareholders of record on September 10, 2024. About SoCalGasSoCalGas is the largest gas distribution utility in the United States serving approximately 21 million consumers across approximately 24,000 square miles of Central and Southern California. SoCalGas' mission is to bu
DALLAS, Aug. 6, 2024 /PRNewswire/ -- Oncor Electric Delivery Company LLC ("Oncor") today reported three months ended June 30, 2024 net income of $251 million compared to three months ended June 30, 2023 net income of $200 million. The $51 million increase was driven by higher revenues primarily due to updated interim rates to reflect increases in invested capital, increases in transmission billing units, higher customer consumption primarily attributable to weather, the new base rates implemented in May 2023 and customer growth, partially offset by higher costs associated with increases in invested capital (primarily borrowing costs and depreciation) and higher operation and maintenance ("O&
Oncor reaches settlement in principle on ~$3B System Resiliency Plan SAN DIEGO, Aug. 6, 2024 /PRNewswire/ -- Sempra (NYSE:SRE) (BMV:SRE) today reported second-quarter 2024 earnings, prepared in accordance with generally accepted accounting principles (GAAP), of $713 million, or $1.12 per diluted share, compared to second-quarter 2023 GAAP earnings of $603 million, or $0.95 per diluted share. On an adjusted basis, the company's second-quarter 2024 earnings were $567 million, or $0.89 per diluted share, compared to $594 million, or $0.94 per diluted share in second-quarter 2023. "At Sempra, we are pleased with the strength of our financial performance through the first half of the year," said
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SAN DIEGO, Nov. 14, 2024 /PRNewswire/ -- San Diego Gas & Electric Company (SDG&E) has once again been honored by PA Consulting for its continued excellence in reliability, marking the 19th consecutive year the company has received the prestigious ReliabilityOne® Award for Outstanding Reliability Performance in the Western Region. This year, SDG&E also received the additional System Resiliency Award, highlighting its commitment to robust grid operations and innovations that can adapt to an evolving climate landscape. ReliabilityOne® Awards are given annually by PA Consulting to utilities that have achieved outstanding reliability performance and have excelled in delivering reliable electric s
LOS ANGELES, Nov. 14, 2024 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) and GKN Hydrogen today announced the commissioning of a research demonstration project with the U.S. Department of Energy's (DOE's) National Renewable Energy Laboratory (NREL) on an innovative clean renewable hydrogen storage solution. The project, which will be located at NREL's Flatirons Campus in Arvada, Colo., uses GKN Hydrogen's storage technology to store hydrogen in a solid state (metal hydrides) compared to traditional gaseous storage tanks. The demonstration aims to evaluate the technology's performance and integration with clean energy systems, such as microgrids or fuel cells. The project also aims t
SAN DIEGO, Nov. 12, 2024 /PRNewswire/ -- Sempra (NYSE:SRE) (BMV:SRE) has been recognized by TIME Magazine as one of the World's Best Companies for 2024. The recognition, presented by TIME and Statista Inc., places Sempra on a list of top performing companies across the globe based on employee satisfaction, revenue growth and sustainability transparency. "It is an exciting time for our company as we advance our mission to build the leading energy infrastructure company in North America," said Jeffrey W. Martin, chairman and CEO of Sempra. "Our efforts center on leadership and
LOS ANGELES, Nov. 12, 2024 /PRNewswire/ -- The board of directors of Southern California Gas Company (SoCalGas) has declared regular quarterly dividends for the preferred series stock of the company as follows: SoCalGas: Preferred Stock $0.375 per share Preferred Stock, Series A $0.375 per share The dividends are payable on January 15, 2025, to shareholders of record on December 10, 2024. About SoCalGasSoCalGas is the largest gas distribution utility in the United States serving approximately 21 million consumers across approximately 24,000 square miles of Central and Southern California. SoCalGas' mission is to build the cleanest, safest, and most innovative energy infrastructure company
LOS ANGELES, Nov. 12, 2024 /PRNewswire/ -- As cooler weather approaches, Southern California Gas Company (SoCalGas) shares energy-saving tips and tools to help customers prepare their homes. "As we transition into the cooler months, SoCalGas is here to support our customers in managing their energy use and by participating in energy efficiency programs, while maintaining comfort throughout the season," said Don Widjaja, vice president, customer services field and solutions at SoCalGas. "Together, we can take simple yet effective steps to lower energy consumption, which helps our customers save on their bills and contributes to a more sustainable future." Energy-Savings Tips for Customers: Ma
SAN DIEGO, Nov. 7, 2024 /PRNewswire/ -- Sempra (NYSE:SRE) (BMV:SRE) today announced that its board of directors has declared a $0.62 per share quarterly dividend on the company's common stock, which is payable Jan. 15, 2025, to common stock shareholders of record at the close of business on Dec. 5, 2024. About SempraSempra (NYSE:SRE) is a leading North American energy infrastructure company focused on delivering energy to nearly 40 million consumers. As owner of one of the largest energy networks on the continent, Sempra is electrifying and improving the energy resilience of some of the world's most significant economic markets, including California, Texas, Mexico and global energy markets.
DALLAS, Nov. 6, 2024 /PRNewswire/ -- Oncor Electric Delivery Company LLC ("Oncor") today reported three months ended September 30, 2024 net income of $324 million compared to three months ended September 30, 2023 net income of $380 million. The $56 million decrease was driven by higher interest expense and depreciation expense associated with increases in invested capital and higher operation and maintenance expense, partially offset by overall higher revenues primarily attributable to updated interim rates to reflect increases in invested capital, increases in transmission billing units and customer growth, net of lower revenues due to lower customer consumption primarily attributable to mi
SAN DIEGO, Nov. 6, 2024 /PRNewswire/ -- Sempra (NYSE:SRE) (BMV:SRE) today reported third-quarter 2024 earnings, prepared in accordance with generally accepted accounting principles (GAAP), of $638 million, or $1.00 per diluted share, compared to third-quarter 2023 GAAP earnings of $721 million, or $1.14 per diluted share. On an adjusted basis, the company's third-quarter 2024 earnings were $566 million, or $0.89 per diluted share, compared to $685 million, or $1.08 per diluted share in third-quarter 2023. "We are pleased with our operational and financial results for the third quarter," said Jeffrey W. Martin, chairman and CEO of Sempra. "We remain focused on executing our business plan, imp
SAN DIEGO, Oct. 28, 2024 /PRNewswire/ -- Sempra (NYSE:SRE) (BMV:SRE) has been recognized as a Trendsetter for the ninth consecutive year for its civic transparency by the Center for Political Accountability's annual CPA-Zicklin Index of Corporate Political Disclosure and Accountability. Sempra received a perfect score of 100% and was named a "Model Code" company for demonstrating an emblematic commitment to ethical behavior. The CPA-Zicklin Index, which is produced in conjunction with the Zicklin Center for Governance & Business Ethics at the University of Pennsylvania's Wharton School, assesses political disclosure and accountability policies and practices for election-related spending by S
SAN DIEGO, Oct. 24, 2024 /PRNewswire/ -- As the operating environment for utilities becomes more challenging, San Diego Gas & Electric (SDG&E) is stepping up to lead the energy sector in climate preparedness. The company has unveiled its updated cutting-edge Wildfire and Climate Resilience Center, innovating in wildfire mitigation and grid safety. SDG&E's new Wildfire and Climate Resilience Center is the latest innovation in the company's commitment to building an electrical grid designed to withstand the intensifying effects of climate change. One of the most technologically
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Jefferies initiated coverage of Sempra Energy with a rating of Buy and set a new price target of $98.00
BofA Securities resumed coverage of Sempra Energy with a rating of Buy and set a new price target of $94.00
BMO Capital Markets upgraded Sempra Energy from Market Perform to Outperform and set a new price target of $84.00 from $76.00 previously
Ladenburg Thalmann initiated coverage of Sempra Energy with a rating of Buy and set a new price target of $81.50
JP Morgan upgraded Sempra Energy from Neutral to Overweight and set a new price target of $86.00 from $78.00 previously
Barclays initiated coverage of Sempra Energy with a rating of Overweight and set a new price target of $156.00
Goldman initiated coverage of Sempra Energy with a rating of Buy and set a new price target of $178.00
BofA Securities upgraded Sempra Energy from Neutral to Buy
Goldman upgraded Sempra Energy from Neutral to Buy and set a new price target of $167.00 from $164.00 previously
Credit Suisse initiated coverage of Sempra Energy with a rating of Outperform and set a new price target of $180.00
In the preceding three months, 5 analysts have released ratings for Sempra (NYSE:SRE), presenting a wide array of perspectives from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 2 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 1 0 0 2M Ago 2 0 0 0 0 3M Ago 0 1 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $81.8, a high estimate of $86.00, and a low estimate of $76.00. Witnessing a positive shift, the current average has risen by 1.
BMO Capital analyst James Thalacker maintains Sempra (NYSE:SRE) with a Outperform and lowers the price target from $86 to $84.
The parties expect to execute a binding LNG SPA and definitive equity agreements with terms substantially equivalent to those in the HoA, with the SPA and equity agreements subject to a number of conditions.
In the latest quarter, 4 analysts provided ratings for Sempra (NYSE:SRE), showcasing a mix of bullish and bearish perspectives. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 1 1 0 0 Last 30D 0 0 1 0 0 1M Ago 1 0 0 0 0 2M Ago 1 1 0 0 0 3M Ago 0 0 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $81.25, a high estimate of $86.00, and a low estimate of $76.00. This current average has increased by 2.05% from the previous
Morgan Stanley analyst David Arcaro maintains Sempra (NYSE:SRE) with a Equal-Weight and lowers the price target from $79 to $76.
In the latest quarter, 6 analysts provided ratings for Sempra (NYSE:SRE), showcasing a mix of bullish and bearish perspectives. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 3 1 0 0 Last 30D 1 0 0 0 0 1M Ago 1 1 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 2 1 0 0 Analysts have recently evaluated Sempra and provided 12-month price targets. The average target is $80.83, accompanied by a high estimate of $86.00 and a low estimate of $75.00. Observing a 3.5% increase, the current average has r
Ladenburg Thalmann analyst Paul Fremont maintains Sempra (NYSE:SRE) with a Buy and lowers the price target from $81.5 to $79.
Although U.S. stocks closed higher on Friday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Sempra The Trade: Sempra (NYSE:SRE) Director Richard J Mark acquired a total of 1,925 shares at an average price of $77.97.
Mizuho analyst Anthony Crowdell maintains Sempra (NYSE:SRE) with a Buy and raises the price target from $79 to $86.
SAN DIEGO, June 20, 2024 /PRNewswire/ -- Sempra (NYSE:SRE) (BMV:SRE) today announced the appointment of Jennifer M. Kirk to the company's board of directors effective June 20, 2024. Kirk is currently the global controller and chief accounting officer of Medtronic plc (NYSE:MDT) and has deep executive experience in finance, accounting and capital market activities, including more than 20 years in the energy industry. "Bringing new perspectives into the boardroom is a critical component of our effort to support the company's mission to build North America's premier energy infras
CEO Scott Drury appointed to Fast Company's CEO Council, a professional organization of senior executives helping define the future of business LOS ANGELES, Nov. 28, 2023 /PRNewswire/ -- Southern California Gas Company (SoCalGas) announced Tuesday that its [H2] Innovation Experience in Downey was named to Fast Company's third annual Next Big Things in Tech list, honoring technology breakthroughs designed to shape the future of industries — from healthcare and security to artificial intelligence and data. The [H2] Innovation Experience is the 2023 recipient of Fast Company's Next Big Things in Tech Award in the category of Current Events, which showcases "products and technologies that are t
To support Brotherhood Crusades' Grab and Go! Basket Distribution and families during the holiday season, SoCalGas donated $50,000, as part of the company's $4 Million Fueling Our Communities Initiative to Address Food Insecurity LOS ANGELES, Nov. 17, 2023 /PRNewswire/ -- Today, Brotherhood Crusade and Southern California Gas Co. (SoCalGas) distributed Thanksgiving meals, including 1,500 turkeys to families in South Los Angeles during a Grab and Go! Basket Distribution event. SoCalGas supported this annual program through a $50,000 donation as part of the company's Fueling Our Communities $4 million initiative to address food insecurity through new and existing partnerships with food banks a
SAN DIEGO, Aug. 17, 2023 /PRNewswire/ -- Sempra (NYSE:SRE) (BMV:SRE) today announced that it has appointed Richard Mark to the company's board of directors effective Aug. 21, 2023. Richard Mark is the former chairman and president of Ameren Illinois. He brings 20 years of experience in electric and gas utility operations, customer service, public policy and regulation, as well as broad knowledge and experience with advanced utility technologies and safety and reliability programs. "Bringing new perspectives into the boardroom is a critical component of our effort to support the company's mission to build the leading energy infrastructure company in North America," said Jeffrey W. Martin, cha
SCOTTSDALE, Ariz., June 14, 2023 (GLOBE NEWSWIRE) -- Meritage Homes (NYSE:MTH), the fifth-largest public homebuilder in the U.S., today announced the appointment of Dennis V. Arriola as an independent director to its Board of Directors, as part of its board refreshment process. His appointment brings the Board of Directors to a total of 12. The Board plans to consider Mr. Arriola for appointment to one or more board committees over the course of the next several regularly scheduled board meetings. Mr. Arriola currently serves as an Operating Partner at Sandbrook Capital, a private equity firm focused on transforming energy infrastructure investments. Previously, he was the chief executi
HOUSTON, April 27, 2022 (GLOBE NEWSWIRE) -- KA Fund Advisors, LLC ("Kayne Anderson"), which serves as the adviser to Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) and Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE:KMF, each a "Company" and collectively, the "Companies"))) announced today the appointment of Caroline Winn to serve as an independent director on each Company's Board of Directors, effective today. After the addition of Ms. Winn, the board of directors of each Company will increase to seven directors, six of which are independent. Caroline Winn is the chief executive officer for San Diego Gas & Electric (SDG&E), one of Sempra's (NYSE:SRE) regulated Cali