Sempra Energy (NYSE:SRE) Announces Quarterly Earnings Results, Beats Estimates By $0.16 EPS

Sempra Energy (NYSE:SRE) issued its quarterly earnings results on Thursday. The utilities provider reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16, Briefing.com reports. Sempra Energy had a return on equity of 8.67% and a net margin of 15.63%.The firm had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same period last year, the business posted $1.50 EPS. The business’s revenue was down .2% compared to the same quarter last year.

Here are the key takeaways from Sempra Energy’s conference call:

• Record $65 billion 2026–2030 capital plan (17% increase) with ~95% of spending targeted to utilities, and management issued a 2030 EPS outlook of $6.70–$7.50 plus 2026–2027 guidance, reinforcing a high‑growth, regulated utility strategy.
• Management expects to close the sale of a 45% stake in Sempra Infrastructure Partners for $10 billion (implying >$22 billion equity value) in Q2–Q3 2026, proceeds that are intended to bolster the balance sheet, deconsolidate debt, and avoid new common equity for the base plan.
• Oncor/Texas is the primary growth driver — rate base is projected to rise from $57B to $97B by 2030 (11% CAGR) with Sempra Texas growing ~18% CAGR and $9–10B of tracked incremental transmission upside tied to ERCOT projects and data‑center demand.
• 2025 adjusted EPS was a record $4.69 (high end of guidance) while GAAP results fell year‑over‑year due to prior‑year tax benefits, and management expects ~ $50B of operating cash flow plus transaction proceeds to fund the base plan.
• Execution and regulatory risks remain — unfinished Fit for 2025 cost initiatives, the upcoming California 2028 GRC and wildfire policy work, ERCOT Batch Zero/data‑center uncertainties, and the need to finalize the Oncor settlement and SI Partners close could negatively affect the plan if outcomes are adverse.

Sempra Energy Trading Up 0.8%

Shares of Sempra Energy stock opened at $95.25 on Friday. The company has a market capitalization of $62.17 billion, a P/E ratio of 29.22, a price-to-earnings-growth ratio of 3.57 and a beta of 0.74. The stock has a fifty day simple moving average of $89.49 and a 200 day simple moving average of $88.63. Sempra Energy has a 12-month low of $61.90 and a 12-month high of $97.45. The company has a current ratio of 1.59, a quick ratio of 1.56 and a debt-to-equity ratio of 0.76.

Sempra Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Thursday, March 19th will be given a dividend of $0.6575 per share. The ex-dividend date of this dividend is Thursday, March 19th. This is a positive change from Sempra Energy’s previous quarterly dividend of $0.65. This represents a $2.63 annualized dividend and a dividend yield of 2.8%. Sempra Energy’s payout ratio is presently 79.14%.

Institutional Trading of Sempra Energy

Several institutional investors and hedge funds have recently made changes to their positions in SRE. Morgan Stanley boosted its holdings in Sempra Energy by 17.0% during the fourth quarter. Morgan Stanley now owns 22,330,091 shares of the utilities provider’s stock worth $1,971,524,000 after purchasing an additional 3,250,783 shares during the last quarter. Invesco Ltd. lifted its position in shares of Sempra Energy by 40.1% during the 3rd quarter. Invesco Ltd. now owns 10,419,115 shares of the utilities provider’s stock worth $937,512,000 after buying an additional 2,984,409 shares in the last quarter. State Street Corp boosted its stake in shares of Sempra Energy by 5.2% in the 4th quarter. State Street Corp now owns 36,810,449 shares of the utilities provider’s stock worth $3,273,460,000 after buying an additional 1,824,280 shares during the last quarter. Merewether Investment Management LP grew its holdings in shares of Sempra Energy by 321.9% in the second quarter. Merewether Investment Management LP now owns 1,676,932 shares of the utilities provider’s stock valued at $127,061,000 after acquiring an additional 1,279,431 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its position in shares of Sempra Energy by 2,293.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 793,397 shares of the utilities provider’s stock valued at $70,049,000 after acquiring an additional 760,254 shares during the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

Trending Headlines about Sempra Energy

Here are the key news stories impacting Sempra Energy this week:

• Positive Sentiment: Q4 adjusted EPS beat expectations ($1.28 vs. ~$1.12 consensus) and management raised long‑range 2030 EPS outlook, which supports higher valuation expectations. Zacks: Q4 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Sempra raised its five‑year capital spending plan by ~16% (growth investment in power, grid modernization), signaling higher future regulated/infrastructure earnings potential. Reuters: Sempra lifts capital spending plan
• Positive Sentiment: Board approved a quarterly dividend increase (to $0.6575/share; ~2.8% yield annualized), a steady cash return that supports income investor demand.
• Positive Sentiment: Brokerage support: Morgan Stanley kept an Overweight and nudged its price target up; industry consensus rating sits around “Moderate Buy,” providing buy‑side validation. InsiderMonkey: Morgan Stanley Overweight American Banking News: Consensus Rating
• Neutral Sentiment: Management provided FY2026–FY2027 guidance ranges (FY26: $4.80–$5.30; FY27: $5.10–$5.70) that are broadly in line but slightly mixed versus street models—investors will watch midpoint realization.
• Neutral Sentiment: Market commentary and sector linkages: analysts and sector pieces outline how Sempra’s updates affect the broader utilities/Russell 1000 utilities segment — useful for relative positioning. Kalkine Media: Sector Implications
• Negative Sentiment: Revenue dipped year‑over‑year and commentary flagged tighter cash levels despite the EPS beat — a reminder of operational/volume headwinds that could pressure near‑term margins. Zacks: Revenues Fall Y/Y, Cash Commentary
• Negative Sentiment: Short interest jumped nearly 30% in February (to ~11.28M shares), which increases downside pressure if sentiment flips or catalysts disappoint.
• Neutral Sentiment: For deeper detail, the Q4 earnings call transcript and the company’s full 2025 results/slide deck are available for investors digging into segment performance and capex allocation. Seeking Alpha: Earnings Call Transcript PR Newswire: 2025 Financial Results

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sempra Energy in a research report on Wednesday, January 21st. Morgan Stanley restated an “overweight” rating and issued a $101.00 price target on shares of Sempra Energy in a report on Friday, February 20th. Barclays set a $95.00 price target on shares of Sempra Energy and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Wall Street Zen raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, UBS Group reaffirmed an “outperform” rating and issued a $100.00 target price on shares of Sempra Energy in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $99.10.

About Sempra Energy

Sempra Energy is a San Diego–based energy infrastructure company that develops, owns and operates businesses delivering electricity and natural gas. Its operations include regulated utility services that provide electric and gas distribution to residential, commercial and industrial customers, as well as non‑regulated infrastructure businesses that develop and manage large-scale energy assets.

The company’s product and service portfolio spans electricity and natural gas delivery, transmission and storage, liquefied natural gas (LNG) facilities, power generation and electric transmission projects.