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An update from Sempra Energy ( (SRE) ) is now available.
On January 29, 2026, Oncor Electric Delivery Company, 80.25%-owned by Sempra Energy, filed an unopposed settlement in its comprehensive base rate review in Texas, seeking approval for an annual revenue requirement of about $6.975 billion, representing an 8.8% increase and an estimated annualized revenue uplift of roughly $560 million over adjusted present revenues, alongside an updated capital structure of 56.5% debt and 43.5% equity, a higher authorized return on equity of 9.75%, and a higher authorized cost of debt of 4.94%. The settlement, which also raises the annual self-insurance reserve for storm and other self-insured losses to $200 million and introduces a five-year amortization period for certain regulatory balances, remains subject to modification or rejection by the Public Utility Commission of Texas, with a final order expected in the first half of 2026 and new rates, including surcharges back to January 1, 2026, anticipated to bolster Oncor’s future earnings, cash flow, and credit metrics if approved as requested.
The most recent analyst rating on (SRE) stock is a Buy with a $97.00 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 anchored by solid profitability but held back by negative free cash flow and balance-sheet leverage. Earnings-call guidance and strategic actions (capital deployment and the $10B stake sale with long-term EPS accretion) are supportive, while valuation is expensive for a utility and technicals are neutral-to-soft. Legal/regulatory headlines add incremental risk.
To see Spark’s full report on SRE stock, click here.
More about Sempra Energy
Sempra Energy, through its majority-owned subsidiary Oncor Electric Delivery Company, operates in the regulated electric utility industry, providing electricity transmission and distribution services across a broad service territory in Texas under the oversight of the Public Utility Commission of Texas and numerous municipal regulators.
Average Trading Volume: 3,763,181
Technical Sentiment Signal: Buy
Current Market Cap: $56.86B
See more insights into SRE stock on TipRanks’ Stock Analysis page.