Truist Securities Cuts Sempra (SRE) Price Target to $94
Truist Securities has reaffirmed its Buy rating for Sempra, adjusting the price target to $94.00, a 13.09% upside from the current price.
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Truist Securities cut its price target on Sempra ($SRE) to $94 from $96 on October 14, 2026, and rates the stock "Buy".
Since the rating, $SRE is up 1.7% to date (from the $81.99 close on Oct 14, 2026).
SRE
Sempra
Key Points
- Truist Securities reiterated its Buy rating on Sempra with a new price target of $94.00, down from $96.00, on October 14, 2026.
- Truist Securities's $94 price target implies 13.09% upside from Sempra's ($SRE) current $83.12 share price.
- As of October 16, 2026, Sempra's stock recently traded around $83.12, which is about 11.6% below the new target price.
- Sempra is set to report its next earnings on November 4, 2026, with a trailing twelve-month revenue of $13.55 billion.
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Truist Securities has reiterated its Buy rating on Sempra (NYSE: SRE) and adjusted its price target to $94.00 from $96.00 on October 14, 2026. This new target suggests potential upside for investors, although the stock is currently trading below this mark.
As of October 16, 2026, Sempra's stock was recently trading around $83.12, which is approximately 11.6% lower than Truist's revised price target. This gap indicates that analysts see room for growth, despite the current trading price.
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Other Institutional Activity in Sempra
Several other institutional investors have also been active in Sempra. Blackrock Inc. grew its holdings by 365,480 shares, ending with 60,280,191 shares valued at about $5.03 billion. Meanwhile, Vanguard Capital Management LLC added 279,869 shares, bringing its total to 42,684,252 shares worth around $3.56 billion. On the other hand, Wellington Management Group, LLP reduced its stake by 2,320,557 shares, leaving it with 43,813,771 shares valued at approximately $3.65 billion.
Sempra Stock Up 2.2%
Sempra's stock is trading significantly below its new target of $94.00, which indicates that investors might see this as a buying opportunity. The shares have been volatile, and the recent price of $83.12 suggests they are positioned for potential growth as the company approaches its next earnings report.
$SRE price target
Sempra daily closes and this analyst's $94 target. Not advice.
Recent Earnings
In its trailing twelve months, Sempra reported revenue of $13.55 billion, with an earnings per share (EPS) of $3.45. The company's net margin stands at 16.8%, and it has a return on equity (ROE) 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 transactions at Sempra show several officers selling shares. Justin Christopher Bird, an officer, sold 1,128 shares on April 1, 2026, at an average price of $96.69, totaling about $109,066. Diana L Day, another officer, sold 3,300 shares on May 14, 2026, for approximately $304,029 at an average price of $92.13. Additionally, Pablo A Ferrero, a director, sold 2,600 shares on May 18, 2026, at an average price of $89.53, valued at about $232,778.
Analysts Set New Price Targets
In addition to Truist's actions, other firms have also weighed in on Sempra. On September 18, 2026, Morgan Stanley maintained an Overweight rating with a price target of $100.00, while Scotiabank initiated coverage with a Sector Perform rating and a target of $83.00 on September 29, 2026. Barclays and JP Morgan both maintained their Overweight ratings on October 12, 2026, with targets of $90.00 and $99.00, respectively.
About Sempra
Sempra operates in the regulated utilities sector, providing natural gas and electric services in the U.S. and Mexico. The company runs through three segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. Given its focus on energy services, the recent analyst attention reflects its pivotal role in the utilities market.
Bottom Line
Investors should keep an eye on Sempra as it approaches its earnings date on November 4, 2026. With Truist's revised target and other analysts' ratings, the stock's performance in the coming weeks will be crucial for gauging investor sentiment.
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Source: Truist Securities's rating change on $SRE (Oct 14, 2026). Written by software, not financial advice. How we make alerts