SRE

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SRE Unveils $65B Capex Plan Through 2030 → Dividend Raised to $2.63, Argus Upgrades to Buy

Sempra Energy unveiled a $65 billion capital expenditure plan through 2030, targeting LNG export infrastructure, clean energy transmission, and utility grid modernization across its California and Texas operations. The company raised its quarterly dividend to $2.63 per share and received an upgrade to Buy from Argus Research on March 4, with Evercore setting a $107 price target and 12 analysts holding a Buy consensus. Risks include regulatory approval timelines for LNG projects and rising interest rates that could materially increase borrowing costs on the multi-year $65 billion investment program.