Scotiabank initiates Sempra stock coverage with USD 83 target

Published on 10/02/2026 at 16:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted EPS reached USD 1.16 in the second quarter of 2026. Sempra stock costs EUR 69.73 on October 2, 2026 after EUR 69.13, plus 0.87 percent.

Isometrische Darstellung von Gasförderung, Pipeline, LNG-Terminal und Stromnetz — Isometrische 3D-Grafik der gesamten Energie-Wertschöpfungskette bildet das Geschäftsmodell des Versorgers Sempra ISIN US8168511090 ab, Illustration mit AI erstellt.

Sempra (ISIN US8168511090) was trading at EUR 69.73 at Lang & Schwarz on October 2, 2026 at 4:02 p.m. CEST, up 0.87 percent versus the prior close of EUR 69.13. Yahoo Finance lists Scotiabank as initiating coverage on September 29, 2026 with a Sector Perform rating and an USD 83.00 price target.

Coverage starts at USD 83

The target is 18.96 percent above Sempra's primary-exchange price of USD 69.76, calculated against the USD 69.76 quote available at the same October 2, 2026 market snapshot. The comparison is directional rather than a euro-price calculation, because the Lang & Schwarz reference price and the NYSE quote use different currencies.

The NYSE quote showed Sempra at USD 78.72 at 10:07 a.m. ET on October 2, 2026, while the 52-week range stood at USD 76.21 to USD 101.04. The USD 51.5 billion market capitalization places the company among the larger publicly traded diversified utilities.

Second-quarter earnings beat estimates

Sempra reported USD 796.0 million of GAAP earnings in the second quarter of 2026, compared with USD 461.0 million in the second quarter of 2025. Adjusted earnings reached USD 762.0 million, or USD 1.16 adjusted earnings per share, versus USD 583.0 million and USD 0.89 in the year-earlier period.

MarketBeat reported that adjusted earnings per share of USD 1.16 exceeded the USD 1.01 consensus estimate for the second quarter, a USD 0.15 difference. Revenue was USD 3.0 billion versus the USD 3.14 billion consensus estimate, showing that earnings strength did not extend to the top line.

Guidance supports the utility case

Sempra's August 6, 2026 release updated full-year 2026 GAAP earnings-per-share guidance to USD 5.02 to USD 5.55 and affirmed adjusted guidance of USD 4.80 to USD 5.30. The company also maintained fiscal 2027 adjusted earnings-per-share guidance of USD 5.10 to USD 5.70 and a projected long-term earnings-per-share growth rate of 7.00 percent to 9.00 percent.

Euro quote stays below yearly high

The Lang & Schwarz quote was EUR 69.73 on October 2, 2026 at 4:02 p.m. CEST, with a prior close of EUR 69.13 and a daily gain of 0.87 percent. On the NYSE, Sempra was trading at USD 78.72 at 10:07 a.m. ET on the same date, separate from the euro reference price.

The further course of trading is shown by the continuously updated real-time quote of Sempra stock.