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Sempra Energy ( (SRE) ) has shared an update.
On March 23, 2026, SDG&E, a subsidiary of Sempra, filed an unopposed settlement offer in its TO6 rate proceeding with the U.S. Federal Energy Regulatory Commission, following its original TO6 filing in October 2024. The deal would raise SDG&E’s authorized base return on equity from 10.10% to 10.28%, set a hypothetical capital structure with 54% equity, and, if approved in the second half of 2026, apply retroactively from June 1, 2025.
The proposed settlement would influence the allowed earnings on SDG&E’s FERC‑jurisdictional transmission assets, but Sempra expects any impact on diluted earnings per share in 2026 and 2027 to remain within its previously announced guidance ranges. The arrangement underscores the company’s continued reliance on regulated transmission revenues while aiming to provide earnings stability for investors within its established long‑term financial outlook.
The most recent analyst rating on (SRE) stock is a Buy with a $106.00 price target. To see the full list of analyst forecasts on Sempra Energy stock, see the SRE Stock Forecast page.
Spark’s Take on SRE Stock
According to Spark, TipRanks’ AI Analyst, SRE is a Neutral.
The score is held back mainly by mixed financial performance (revenue pressure, uneven cash conversion, and 2025 operating-metric volatility) and a relatively expensive valuation for the profile. These are partially offset by a positive earnings-call outlook with reaffirmed/raised guidance and solid strategic and project execution signals, while technicals are broadly neutral.
To see Spark’s full report on SRE stock, click here.
More about Sempra Energy
Sempra is a North American energy infrastructure company whose subsidiaries, including San Diego Gas & Electric Company, focus on owning, operating and maintaining electric transmission and distribution assets. Through SDG&E, Sempra serves utility customers in Southern California, with regulated returns tied to rates approved by federal and state energy regulators.
Average Trading Volume: 3,867,963
Technical Sentiment Signal: Buy
Current Market Cap: $62.27B
Find detailed analytics on SRE stock on TipRanks’ Stock Analysis page.