SRE - Sempra Energy
| Previous Close | 138.54 |
| Open | 138.59 |
| Bid | 0.00 x 800 |
| Ask | 0.00 x 800 |
| Day's Range | 137.85 - 139.66 |
| 52 Week Range | 104.88 - 141.86 |
| Volume | 2,597,800 |
| Avg. Volume | 1,402,801 |
| Market Cap | 38.13B |
| Beta (3Y Monthly) | 0.34 |
| PE Ratio (TTM) | 20.00 |
| EPS (TTM) | 6.94 |
| Earnings Date | Nov 5, 2019 - Nov 11, 2019 |
| Forward Dividend & Yield | 3.87 (2.79%) |
| Ex-Dividend Date | 2019-07-03 |
| 1y Target Est | 147.75 |
- Reuters
Texas power prices nearly triple to record high as heat bakes state
Spot power prices in Texas almost tripled to a record high for Friday as the state's grid operator took emergency measures for a second time this week to keep the lights on as consumers cranked up their air conditioners to escape a heat wave. The Electric Reliability Council of Texas (ERCOT), grid operator for much of the state, called on consumers to conserve energy and issued energy emergency alerts on Tuesday and Thursday after the shutdown of some generation and curtailment of some power lines caused reserves to fall. Next-day power prices at the ERCOT North hub soared from $265 per megawatt hour (MWh) for Thursday to $751 for Friday, their highest on record, according to Refinitiv data going back to 2010.
- PR Newswire
SoCalGas Declares Preferred Dividends
LOS ANGELES , Aug. 15, 2019 /PRNewswire/ -- The board of directors of Southern California Gas Co. (SoCalGas) has declared regular quarterly dividends for the preferred series stock of the company as follows: ...
- Zacks
Sempra Energy's (SRE) Subsidiary Launches Biomethane Project
The partnership with Electrochaea will enable Sempra Energy's (SRE) subsidiary, SoCalGas, in storing excess renewable energy for long periods with its existing natural gas pipeline infrastructure.
- Bloomberg
Elliott Builds New Stake in Marathon, Speedway Motorsports
(Bloomberg) -- Elliott Management Corp. built a new positions in Marathon Petroleum Corp. and Speedway Motorsports Inc. during the second quarter and exited Sempra Energy and Symantec Corp.The New York hedge fund also said in a regulatory filing Wednesday it had built a new position in DXC Technology Co. during the quarter, and exited its investments in Bristol-Myers Squibb Co. and EQT Corp., among other changes to its portfolio.The firm didn’t disclose its intentions for the new stakes and a representative declined to comment.Elliott, run by billionaire Paul Singer, reached an agreement with Sempra in October that saw two new directors appointed to the company’s board. The activist investor, along with partner Bluescape Resources Co., had sought to install six directors at the company. It had also been pressuring the San Diego-based utility to sell its Latin American utilities and spin off its liquefied natural gas business.Wednesday’s filing shows that Elliott had also increased its stake in Dell Technologies Inc., Roadrunner Transportation Systems Inc., Fox Corp., International Speedway Corp., Vornado Realty Trust, and Roan Resources Inc. It sold down its positions in Hess Corp., Devon Energy Co., The Macerich Co. and others.To contact the reporter on this story: Scott Deveau in New York at sdeveau2@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, Matthew Monks, Michael HythaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Reuters
Texas power prices briefly soar to $9,000/MWh as heat wave bakes state
Spot power prices in Texas for Wednesday almost tripled after electricity demand hit record highs earlier this week and real-time prices briefly soared to $9,000 per megawatt hour as consumers cranked up air conditioners to escape a brutal heat wave. With less heat expected, the Electric Reliability Council of Texas (ERCOT), grid operator for much of the state, projected demand would only reach around 71,800 megawatts (MW) Wednesday.
- PR Newswire
SoCalGas and Electrochaea Announce Commissioning of New Biomethanation Reactor System Pilot Project
LOS ANGELES, Aug. 13, 2019 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) and Electrochaea today announced the commissioning of the nation's first scalable biomethanation reactor system at the U.S. Department of Energy's National Renewable Energy Laboratory (NREL) Energy System Integration Facility in Golden, Colo. The technology uses renewable electricity to convert hydrogen into pipeline quality methane for use in homes, businesses and in transportation. Over the next 24 months, the project will assess the commercial viability of this power-to-gas approach to energy storage and decarbonization and provide insights into potential mega-watt scale system designs. The announcement was made in conjunction with NREL's third annual Partner Forum. Biomethane, or renewable natural gas, is created through this bioreactor system in a two-step process. First, renewable electricity, generated by the sun, passes through an electrolyzer where water molecules are split into hydrogen and oxygen, storing the renewable electricity as hydrogen gas. The newly-created "green" hydrogen is combined with carbon dioxide and piped into the reactor where archaea microorganisms produce renewable natural gas by consuming hydrogen and carbon dioxide and emitting methane. The system is capable of recycling carbon dioxide from a myriad of sources, such as ethanol plants and anaerobic digesters, preventing greenhouse gas emissions and displacing the consumption of fossil methane.
- Reuters
Texas power demand to hit record again as heat wave bakes U.S. Southeast
Demand for electricity in Texas on Tuesday will break a record high that was hit on Monday as consumers keep their air conditioners cranked up to escape a heat wave baking much of the U.S. Southeast, according to the state's power grid operator. The Electric Reliability Council of Texas (ERCOT), grid operator for much of the state, projected demand will rise over 75,100 megawatts (MW) on Tuesday, topping Monday's preliminary peak of 74,531 MW. One megawatt can power about 1,000 U.S. homes on average, but as few as 200 during periods of peak demand.
- Reuters
UPDATE 2-Texas power demand sets record high as heat wave bakes U.S. Southeast
Demand for electricity in Texas hit a record on Monday as consumers cranked up their air conditioners to escape a heat wave that is currently baking much of the Southeastern United States, according to the state's power grid operator. The U.S. National Weather Service issued heat advisories for much of the Southeast. The Electric Reliability Council of Texas (ERCOT), grid operator for much of the state, reported demand hit 74,531 megawatts (MW) at 5 p.m. CDT (2200 GMT) on Monday and could approach 75,000 MW on Tuesday.
- Reuters
Texas power demand to hit record highs as heat bakes state
Demand for electricity in Texas will reach record levels on Monday and Tuesday as consumers crank up their air conditioners to escape a heat wave baking much of the U.S. Southeast, according to projections by the state's power grid operator. High temperatures in Houston, Texas' biggest city, will hit 100 degrees Fahrenheit (38 Celsius) on Monday and Tuesday, according to AccuWeather forecasts. The normal high in Houston at this time of year is 96 F (36 C).
- Simply Wall St.
Does Sempra Energy (NYSE:SRE) Create Value For Shareholders?
Today we'll evaluate Sempra Energy (NYSE:SRE) to determine whether it could have potential as an investment idea...
- Reuters
Texas power demand to hit record high next week as heat bakes state
Demand for electricity in Texas will reach record levels next week as consumers crank up their air conditioners to escape a heat wave baking much of the state, according to projections by the state's power grid operator. High temperatures in Houston, Texas' biggest city, will near 100 degrees Fahrenheit (38 Celsius) every day through Wednesday, according to AccuWeather forecasts. The normal high in Houston at this time of year is 96 F (36 C).
- Reuters
Texas power prices almost double as heat wave boosts demand to record high
Spot power prices in Texas almost doubled for Wednesday on forecasts demand for electricity would hit record levels next week as consumers crank up their air conditioners to escape a heat wave baking much of the state. High temperatures in Houston, the biggest city in the Lone Star State, were expected to near 100 degrees Fahrenheit (38 Celsius) every day through Aug. 13, according to AccuWeather meteorologists. The Electric Reliability Council of Texas (ERCOT), grid operator for much of the state, forecast that heat would push peak demand to more than 74,200 megawatts (MW) on Aug. 12, which would top the current all-time high of 73,473 MW set on July 19, 2018.
- Reuters
Texas power prices triple as heat wave expected to boost demand to record highs
Spot power prices in Texas almost tripled for Tuesday on forecasts demand for electricity would hit record levels over the next week as consumers crank up their air conditioners to escape a heat wave blanketing much of the state. High temperatures in Houston, the biggest city in the Lone Star State, were expected to reach almost 100 degrees Fahrenheit (38 Celsius) every day over the next week, according to meteorologists at AccuWeather. The Electric Reliability Council of Texas (ERCOT), the grid operator for much of the state, forecast that heat would push peak demand to more than 73,600 megawatts (MW) on Aug. 8 and over 75,300 MW on Aug. 12.
- TipRanks
Goldman Sachs: 5 Stocks To Buy, Even If Markets Stall
Goldman Sachs has just revealed a valuable investing strategy that’s worth keeping a close eye on in the coming months. The firm is now recommending stocks with the fastest expected return-on-equity growth (or ROE). That’s because market upside is increasingly limited from current levels, says Goldman Sachs. “We forecast flat S&P 500 margins through 2020, with risks tilted to the downside. ... Amid concerns about the growth and profitability outlook this year, investors have assigned a premium to companies able to expand ROE,” the firm’s chief US equity strategist David Kostin said. He directed investors to the firm’s basket of 50 S&P 500 stocks with the highest consensus estimates of ROE growth. This basket is already proving its worth and is currently beating the index by 5 percentage points year-to-date. In essence, ROE reflects the return a company generates on capital that is owned by the shareholders.“The basket typically outperforms in weakening growth environments as investors assign a scarcity premium to firms that are able to expand ROE despite index-level headwinds,” Kostin told investors. So with this outlook in mind, here are five stocks that feature on the firm’s ROE basket list: 1\. Under Armour (UA)Athletic apparel retailer Under Armour has had a volatile time recently. Shares plunged 20% after the company reported disappointing revenue, on weaker-than-expected North American sales. Rising trade tensions haven’t helped either, although shares are still trading up 23% year-to-date.Don’t give up yet, says top Stifel Nicolaus analyst Jim Duffy. He has just reiterated his buy rating on the stock with a $30 price target (56% upside potential). He remains adamant that the bullish investing thesis ‘remains in-tact’ and advised investors to focus on UA’s ‘green pasture opportunities’ and ‘capacity for margin improvement and multi-year earnings power’. “Bears will cling to concerns over growth in North America… [but] we remain confident that Under Armour is building a healthier revenue base in North America, upon which it can grow more meaningfully in future periods, and continue to believe North America revenue can accelerate into 2020 and beyond,” Duffy wrote. Citigroup analyst Paul Lejuez also focuses on the long-term picture: “With Under Armour in the early stages of its five-year plan, choppiness quarter-to-quarter is not unexpected,” he wrote. The analyst upgraded UA from Hold to Buy back in April, stating at the time “Under Armour has grown up, with a renewed focus on driving profitability and return on invested capital.” From the Street’s top analysts, UA shows a cautiously optimistic Moderate Buy analyst consensus. That’s with 3 buy ratings vs 1 hold rating and 1 sell rating. Meanwhile the average analyst price target stands at $26 (35% upside potential). 2\. Apple (AAPL)iPhone maker Apple is another key stock highlighted by Goldman Sachs for its ROE potential. Investors rejoiced as Apple reported excellent 3Q:FY19 results and served up a strong outlook. Although the iPhone portfolio continued to struggle in the quarter, Apple grew its non-iPhone revenue by 17% with notable strength in Wearables and further progress in Services. Following the quarter, five-star Monness analyst Brian White increased estimates, while raising his 12-month price target from $245 to $265 (30% upside potential). “We found the tone of the call upbeat with Apple serving up a strong outlook and voicing enthusiasm around the innovation pipeline” cheered White. He also noted that the launch of a 5G iPhone in 2020 has the potential to drive a healthy upgrade cycle. Meanwhile Daniel Ives tells investors not to panic about President Trump’s latest tariff tweets. While AAPL remains the "poster child" for the US/China UFC trade battle, “seeing the forest through the trees the fundamental impact on iPhone production and the potential cost increases are thus far containable in our opinion” Ives said. Best performing analysts score the stock a ‘Moderate Buy.’ In the last three months, AAPL has received 12 buy ratings and 8 hold ratings. These 20 top analysts have a $228 average analyst price target, indicating 12% upside potential for AAPL stock. 3\. Cisco Systems (CSCO)Worldwide IT leader Cisco has just announced a $2.6 billion deal to buy high-speed optical components maker Acacia Communications. The acquisition should reinforce Cisco’s position as the leader in enterprise networking, enthuses five-star Robert W Baird analyst Jonathan Ruykhaver. “With the explosion of bandwidth in the multi-cloud era, optical interconnect technologies are becoming increasingly strategic” explained Cisco’s executive VP, David Goeckeler. He added: "The acquisition of Acacia will allow us to build on the strength of our switching, routing and optical networking portfolio to address our customers’ most demanding requirements.”However, as Ruykhaver points out, the deal will have to go through the standard regulatory process, which includes a Chinese review. He has a buy rating on the stock and $57 price target. Even though Emerging Markets (~20% of revenue) continues to be an area of inconsistency, the analyst believes Cisco remains very well positioned. That’s as the company makes important strides towards a recurring revenue model, which today account for 30% of the company’s revenue.Like Apple, Cisco shows a Moderate Buy consensus with 12% upside potential from the $60 average price target. Twelve top analysts have published buy ratings on the stock recently, with 5 analysts staying on the sidelines. 4\. Sempra Energy (SRE)Serving approximately 40 million consumers worldwide, California-based Sempra Energy focuses on electric and natural gas infrastructure. RBC Capital’s Shelby Tucker has a buy rating on Sempra with a $145 price target. He made the bullish call despite the company’s recent earnings miss, noting that Sempra maintained its guidance for full year 2019.“The main driver of the miss to our estimate comes from weaker-than-expected results at SoCalGas and the Texas utilities, partially offset by stronger performance at Sempra LNG. Despite the miss, SRE has reaffirmed its 2019 adjusted EPS guidance range of $5.70-$6.30” noted Tucker. Only a couple of analysts have published recent ratings on Sempra stock- with the consensus working out at Moderate Buy. Their average price target works out at $147 (8% upside potential). 5\. Global Payments (GPN) Last but not least comes fintech giant Global Payments. The stock is buzzing right now following solid earnings results. Analysts responded with a wave of positive sentiment and price target hikes. Notably, SunTrust analyst Andrew Jeffrey raised his price target to $190.00 (from $175), while Susquehanna’s James Friedman now has a Street-high price target of $200.00 (up from $170 previously).“The quarter represents yet another beat-and-raise as Global Payments continues to deliver upside on both the top and bottom-line, and we view the updated FY19 targets as likely conservative based on our belief that there is margin upside for the [fiscal year] even beyond the upwardly revised margin outlook,” wrote Jefferies’ Trevor Williams, who rates the stock a buy with a $190 target price. “While the bar for the quarter was relatively high given the run in shares, we think that the results will be enough to sustain the momentum in the stock.” What’s more the massive $21.5 billion merger with Total System Services (TSS) is now fast-approaching. “Importantly, the TSS merger is set to close as early as the beginning of 4Q19 and preliminary work has led to mgmt. being incrementally more confident in delivering and potentially exceeding targets” commented Deutsche Bank’s Bryan Keane on July 31. Out of all the stocks highlighted by Goldman Sachs, GPN is the only stock with a ‘Strong Buy’ Street consensus. Indeed, 14 of 15 top analyst ratings in the last three months are a ‘buy.’ Meanwhile the average analyst price target of $180 suggests 11% upside potential lies ahead. Discover Wall Street's best-rated Trending Stocks over the last week
- Thomson Reuters StreetEvents
Edited Transcript of SRE earnings conference call or presentation 2-Aug-19 4:00pm GMT
Q2 2019 Sempra Energy Earnings Call
Motley FoolSempra Energy (SRE) Q2 2019 Earnings Call Transcript
SRE earnings call for the period ending June 30, 2019.
- Zacks
Sempra Energy (SRE) Q2 Earnings Miss, Revenues Improve Y/Y
Sempra Energy's (SRE) earnings and revenues miss estimates in second-quarter 2019. However, the top line increases on a year-over-year basis.
- Zacks
Sempra (SRE) Lags Q2 Earnings and Revenue Estimates
Sempra (SRE) delivered earnings and revenue surprises of -7.56% and -3.78%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
- PR Newswire
Sempra Energy Reports Second-Quarter 2019 Earnings
- Sempra Energy Grows Transmission and Distribution Footprint in Texas - Recent California Legislation Reduces SDG&E Wildfire Risk - Four Commissioning Cargoes Sent from Cameron LNG to Global Markets to ...
- Zacks
Sempra Energy (SRE) to Report Q2 Earnings: What's in Store?
Sempra Energy's (SRE) Q2 earnings are likely to be hurt by costs related to the InfraREIT and Sharyland Utilities transactions.
- Moody's
San Diego Gas & Electric Company -- Moody's affirms San Diego Gas & Electric's ratings; changes outlook to positive from negative
Moody's Investors Service ("Moody's") today affirmed San Diego Gas & Electric Company's (SDG&E) ratings, including its Baa1 Issuer rating, A2 senior secured rating as well as its P-2 short-term rating for commercial paper.
- PR Newswire
SoCalGas and Calgren Announce Completion of Dairy Renewable Natural Gas Facility, Expected to be Largest in U.S.
PIXLEY, Calif., July 29, 2019 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today joined Calgren Dairy Fuels, and state and local elected officials to announce the completion of Calgren's dairy renewable natural gas facility. The project, located in the Central Valley community of Pixley, is the first of its kind in California and is expected to be the largest dairy biogas operation in the U.S. later this year. At the new facility, Calgren collects cow manure – a potent source of greenhouse gas emissions - from four local dairy farms and processes it in an anerobic digestor that accelerates the natural decomposition process.
- Zacks
Earnings Preview: Sempra (SRE) Q2 Earnings Expected to Decline
Sempra (SRE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Investopedia
8 High ROE Stocks That Can Race Ahead of the Market
Goldman Sachs says that stocks with the fastest expected growth in ROE have outperformed the market in 2019, and they see more gains ahead.
