JP Morgan Cuts Sempra (SRE) Price Target to $99
JP Morgan reiterates its Overweight rating on Sempra, lowering the price target to $99 from $102 on October 12, 2026, a 19.10% upside from the current price.
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JP Morgan cut its price target on Sempra ($SRE) to $99 from $102 on October 12, 2026, and rates the stock "Overweight".
Since the rating, $SRE is up 1.9% to date (from the $81.88 close on Oct 12, 2026).
SRE
Sempra
Key Points
- JP Morgan reiterated its Overweight rating on Sempra, setting a price target of $99, down from $102.
- JP Morgan's $99 price target implies 19.10% upside from Sempra's ($SRE) current $83.12 share price.
- The stock recently traded at $83.12, which is about 16% below the new price target.
- Sempra is set to report its next earnings on November 4, 2026.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Sempra alert may contain errors. Disclosures
JP Morgan reaffirmed its Overweight rating on Sempra (NYSE: SRE) on October 12, 2026, moving the price target down to $99 from $102. The stock was recently trading at $83.12, which places it about 16% below the new target price.
Other Institutional Activity in Sempra
Blackrock Inc. holds 60,280,191 shares of Sempra, having increased its stake by 365,480 shares. Wellington Management Group, LLP trimmed its holdings by 2,320,557 shares, ending with 43,813,771 shares. Vanguard Capital Management LLC added 279,869 shares for a total of 42,684,252 shares. State Street Corporation increased its position by 690,086 shares, totaling 37,992,032 shares. Additionally, Vanguard Portfolio Management LLC grew its stake significantly by 9,301,872 shares, bringing its total to 37,319,559 shares.
Sempra Stock Up 2.2%
Sempra's stock currently trades at $83.12, which is below its target price of $99 set by JP Morgan. This situation might attract attention as the stock is positioned significantly lower than the analyst's target.
$SRE price target
Sempra daily closes and this analyst's $99 target. Not advice.
Recent Earnings
Sempra reported trailing twelve-month revenue of $13.55 billion and earnings per share of $3.45. The company has a net margin of 16.8% and a return on equity of 6.7%. The next earnings report is scheduled for November 4, 2026, which could provide further insights into its financial health.
Insider Buying and Selling at Sempra
Recent insider selling includes Justin Christopher Bird, an officer, who sold 1,128 shares at an average price of $96.69 on April 1, 2026. Diana L Day, another officer, sold 3,300 shares at $92.13 on May 14, 2026, while director Pablo A Ferrero sold 2,600 shares at $89.53 on May 18, 2026.
Analysts Set New Price Targets
On October 12, 2026, JP Morgan maintained its Overweight rating on Sempra with a price target of $99. The same day, Barclays also maintained an Overweight rating, adjusting its target to $90 from $103. Earlier, on September 18, 2026, Morgan Stanley kept its Overweight rating with a target of $100, while Truist Securities maintained a Buy rating with a target of $96 on September 3, 2026.
About Sempra
Sempra is involved in the regulated utilities business across the U.S. and Mexico, operating through segments that provide natural gas and electric services. The company focuses on energy infrastructure and is headquartered in San Diego, California.
Bottom Line
Investors will be watching Sempra closely as it prepares for its earnings report on November 4, 2026. The recent analyst ratings and target adjustments may influence market sentiment moving forward.
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Source: JP Morgan's rating change on $SRE (Oct 12, 2026). Written by software, not financial advice. How we make alerts