115.21 +1.63 (1.44%)
After hours: 5:15PM EDT
|Bid||112.08 x 800|
|Ask||116.50 x 800|
|Day's range||113.19 - 115.30|
|52-week range||100.49 - 127.22|
|PE ratio (TTM)||N/A|
|Earnings date||29 Oct 2018 - 2 Nov 2018|
|Forward dividend & yield||3.58 (3.11%)|
|1y target est||124.60|
Sempra Energy (SRE) has outperformed peers in the state in terms of total returns in the last few years. In the last one year, it returned 2%, while broader utilities also (XLU) returned 2%. PG&E (PCG) returned -31%, while Edison International (EIX) returned -12% in the last year. PCG stock’s steep fall and dividend suspension drove its underperformance.
California utility PG&E (PCG) has been in a solid uptrend with a rise of over 15% in the last three months. California governor Jerry Brown signed legislation on September 21 to strengthen the state’s ability to prevent and recover from wildfires. PG&E’s downed power lines were responsible for starting some of the deadly wildfires last year.
Sempra Energy (SRE) to divest its U.S. non-utility operating solar assets to Consolidated Edison for a purchase consideration of nearly $1.54 billion.
Sempra Energy (SRE) has a median target price of $124.40—compared to its current market price of $118.87, which indicates an upside potential of ~5% for the next 12 months. Morgan Stanley increased Sempra Energy’s target price from $120.0 to $121.0 last week.
In this part, we’ll discuss California utilities’ total returns. Sempra Energy (SRE) returned 3%, while utilities at large (XLU) returned 2% in the past year. In comparison, PG&E (PCG) and Edison International (EIX) returned -33% and -12%, respectively, during the same period. Total returns consider the dividend payments and stock appreciation in a particular period.
Sempra Energy (SRE) stock notably outperformed its peers in California as well as utilities (XLU) at large. On September 18, Sempra Energy announced a cooperation agreement with its activist shareholders Elliott Management and Bluescape Energy Partners, which collectively own 4.9% in Sempra Energy worth $1.6 billion.
In the struggle over the future of Sempra Energy between the company and Elliott Management Corp., we have reached the truce stage. Back in June, Elliott launched a public effort criticizing Sempra as an undervalued conglomerate that needed to overhaul its strategy and management. Sempra will cooperate in getting two new independent directors onto its board.
Sempra Energy's (SRE) unit signs contract with Chevron for 50% of the initial storage capacity at the Topolobampo refined fuels marine terminal.
Sempra Energy's (SRE) initial storage capacity of its upcoming Baja Refinados liquid fuels marine terminal is now fully contracted due to commitment from British Petroleum and Chevron.
The United States is slated to become the world's third-largest exporter of liquefied natural gas by 2020. These facilities will get the party started.
NextEra Energy (NEE), the most rallied stock among the top utilities, offers an estimated upside of 2% for the next 12 months. UBS raised its target price from $189.0 to $195.0 last week. Renewables titan NextEra Energy stock seems to be analysts’ favorite. Among the 18 analysts covering NextEra Energy, ~78% have a “buy” recommendation and no analysts have a “sell” recommendation as of August 27.
The Zacks Analyst Blog Highlights: Southern, Constellation Brands, Vale, CME Group and Sempra Energy
As the largest utility by market capitalization in California, Sempra Energy (SRE) is one of the fastest-growing utilities in the country. T. Rowe Price was the biggest institutional investor in Sempra Energy at the end of the second quarter. T. Rowe Price lowered its stake in SRE by selling net ~1.8 million shares during the second quarter.
NEW YORK, Aug. 13, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of MRC ...
After activist investors at Elliott Management and Bluescape Resources told the company to make some big changes, Sempra Energy responded.
Consistent growth in regulated natural gas and electric operations improved Chesapeake Utilities' (CPK) Q2 earnings results on a year-over-year basis.
Reparations for the worst-ever U.S. natural gas leak will involve cow-dung duty. Almost a quarter of the money will go to fund a program to capture methane from dairy farms that can be processed into something called renewable natural gas. Utilities like Duke Energy Corp. and National Grid Plc and trucking fleets are already investing in it.
In a story Aug. 6 story listing female CEO of S&P 500 companies, The Associated Press erroneously listed Margaret C. Whitman as the CEO of Hewlett Packard Enterprise Co. She stepped down from the role ...
Sempra (SRE) delivered earnings and revenue surprises of 15.38% and -5.33%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the San Diego-based company said it had a loss of $2.11. Earnings, adjusted for asset impairment costs, came to $1.35 per share. The natural gas and electricity provider posted revenue ...