Barclays Cuts Sempra (SRE) Price Target to $90

Barclays has reaffirmed its Overweight rating on Sempra (NYSE: SRE) and adjusted the price target from $103 to $90 as of October 12, 2026. This means Barclays remains optimistic about Sempra's future performance, despite reducing its target.

Sempra's stock is currently trading around $83.12 as of October 16, 2026, which is about 7.6% below Barclays' new price target. This positioning may draw interest from investors watching the stock's potential for growth against the analyst's expectations.

Other Institutional Activity in Sempra

Several other institutional investors have also adjusted their positions in Sempra. Blackrock Inc. increased its holdings by 365,480 shares, bringing its total to about 60.3 million shares worth approximately $5.0 billion. In contrast, Wellington Management Group, LLP reduced its stake by 2.3 million shares, now holding about 43.8 million shares valued at around $3.7 billion. Meanwhile, Vanguard Capital Management LLC added 279,869 shares, raising its total to about 42.7 million shares worth about $3.6 billion.

Sempra Stock Up 2.2%

Sempra's stock is trading below its new target price, which may indicate a buying opportunity for some investors. The shares have had fluctuations, and with the recent target adjustment, the market will likely be watching closely to see how the stock performs in the coming weeks.

Recent Earnings

Sempra reported trailing twelve-month (TTM) revenue of $13.6 billion and earnings per share (EPS) of $3.45. The company has a net margin of 16.8% and a return on equity (ROE) of 6.7%. The next earnings report is set for November 4, 2026, which will provide further insight into its financial performance.

Insider Buying and Selling at Sempra

Recent insider transactions at Sempra include several sales. Officer Justin Christopher Bird sold 1,128 shares at an average price of $96.69 on April 1, 2026, totaling about $109,066. Another officer, Diana L Day, sold 3,300 shares at an average price of $92.13 on May 14, 2026, for roughly $304,029. Director Pablo A Ferrero sold 2,600 shares at an average price of $89.53 on May 18, 2026, totaling about $232,778.

Analysts Set New Price Targets

On October 12, 2026, Barclays maintained its Overweight rating on Sempra with a new price target of $90, down from $103. This aligns with other analysts, as Morgan Stanley also maintained an Overweight rating with a target of $100, while Truist Securities kept a Buy rating with a target of $96. Scotiabank initiated coverage with a Sector Perform rating and a target of $83. The consensus indicates a positive outlook for Sempra among analysts, despite the recent target adjustments.

About Sempra

Sempra operates in the regulated utilities sector, providing gas and electric services in the United States and Mexico. The company has three main segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure, which focus on energy services for customers. Given the recent rating and target adjustments, Sempra's performance will be closely monitored by investors and analysts alike.

Bottom Line

Investors should keep an eye on Sempra's upcoming earnings report on November 4, 2026, as it will be crucial for understanding the company's financial health. With Barclays maintaining an Overweight rating and adjusting its price target, the market will be looking for signs of growth in the coming weeks.