HSBC Initiates Sempra (SRE) at Buy

HSBC's Call on Sempra

HSBC initiated coverage on Sempra (NYSE: SRE) on October 22, 2026, issuing a Buy rating alongside a $97.50 price target. This forward-looking assessment adds to a slate of recent evaluations from Wall Street firms tracking the utility provider. Sempra closed at $83.50 on October 21, 2026, ahead of the announcement.

SRE Sempra

$83.50 ▼ -4.81% year to date

1M 3M YTD

Daily close · Oct 21, 2026

Other Institutional Activity in Sempra

Capital International Investors reduced its stake in Sempra by 4,229,235 shares, ending the period ended June 30, 2026, with 14,525,687 shares valued at about $1.21 billion.

Sempra Stock Up 1.4%

Sempra recently traded around $82.81 as of October 22, 2026, down about 0.8% from its prior close of $83.50. The shares sit roughly 0.5% above their 50-day moving average of $82.43 and 7.6% below their 200-day moving average of $89.60. The stock trades 18.0% below its 52-week high of $101.04 and 8.7% above its 52-week low of $76.21.

Recent Earnings

Sempra reported trailing twelve months revenue of $13.55 billion and earnings of $3.46 per share. The company posted a net profit margin of 16.8% and a return on equity of 6.7%. Its next earnings report is scheduled for November 5, 2026.

Dividend

Sempra pays an annual dividend rate of $2.63 per share, translating to a dividend yield of 3.15%. The company maintains a dividend payout ratio of 75.3%.

Insider Buying and Selling at Sempra

Four insider transactions took place earlier in 2026 prior to the HSBC rating note. On April 1, 2026, officer Justin Christopher Bird sold 1,128 shares at $96.69 each for $109,066. Later, on May 14, 2026, officer Diana L Day disposed of 3,300 shares at $92.13 apiece totaling $304,029. Director Pablo A Ferrero parted with 2,600 shares at $89.53 on May 18, 2026, worth $232,778. Finally, officer Caroline Ann Winn sold 8,000 shares on June 17, 2026, for a total value of $724,409.

Analysts Set New Price Targets

Wall Street firms have regularly updated their views on Sempra ahead of HSBC's coverage. Scotiabank initiated coverage on September 29, 2026, with a Sector Perform rating and an $83.00 price target. Barclays maintained an Overweight rating on October 12, 2026, lowering its target to $90.00 from $103.00. JP Morgan also maintained an Overweight rating on October 12, 2026, adjusting its target to $99.00 from $102.00. Truist Securities kept a Buy rating on October 14, 2026, trimming its target to $94.00 from $96.00. Across 18 analyst opinions, Sempra holds a consensus recommendation of buy with a mean price target of $97.47.

About Sempra

Sempra operates as an energy infrastructure and regulated utilities holding company with operations spanning the United States and Mexico. The business is organized into three core areas: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure, delivering natural gas and electric services to millions of customers.

Bottom Line

Investors will look toward Sempra's upcoming earnings release on November 5, 2026, for further updates on financial performance and operational outlook across its utility segments.