Sempra Stock Gains Momentum as Wells Fargo Raises Price Target to $115 Amid Utility Sector Strength

2026-03-27 13:44:22

Wells Fargo has increased its price target for Sempra Energy (NYSE:SRE) to $115 from $113, maintaining an overweight rating, signaling strong confidence in the utility giant’s growth prospects. This upgrade is driven by Sempra’s strategic positioning in regulated markets, significant infrastructure investments in California and Texas, and its role in clean energy. The company is attractive to US investors for its stable dividends, predictable cash flows, and defensive qualities amid economic uncertainties.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes