Sempra’s SDG&E Unit Prices $1.1 Billion Bond Offering

Sempra Energy ( (SRE) ) has issued an announcement.

On March 20, 2026, San Diego Gas & Electric closed a public offering of $625 million of 5.200% First Mortgage Bonds due 2036 and $475 million of 5.950% First Mortgage Bonds due 2056, raising proceeds at 99.104% and 98.517% of par, respectively, before expenses. The bonds, which pay semiannual interest starting September 15, 2026 and are redeemable before maturity under specified terms, strengthen the utility’s long-dated funding profile and support its capital investment program while locking in fixed-rate financing across 10- and 30-year maturities.

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 primarily by weakening financial performance—recent revenue declines, inconsistent free cash flow, and unusual 2025 operating-profit volatility—despite a solid technical uptrend and a notably positive earnings-call outlook. Valuation also constrains the score given the high P/E relative to the moderate dividend yield, while recent corporate events are net positive but include some legal overhang.

To see Spark’s full report on SRE stock, click here.

More about Sempra Energy

San Diego Gas & Electric Company, an indirect subsidiary of Sempra, operates as a regulated utility in the energy sector, providing electricity and natural gas services in the San Diego region. The company accesses capital markets through secured first mortgage bond issuances to fund its long-term infrastructure and operational needs.

Average Trading Volume: 3,740,968

Technical Sentiment Signal: Buy

Current Market Cap: $62.23B

See more data about SRE stock on TipRanks’ Stock Analysis page.