SRE - Sempra Energy

NYSE - NYSE Delayed Price. Currency in USD
146.13
+0.66 (+0.45%)
At close: 4:04PM EST
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Previous Close145.47
Open145.31
Bid138.00 x 1000
Ask146.81 x 800
Day's Range144.57 - 146.28
52 Week Range104.88 - 148.90
Volume1,286,854
Avg. Volume1,541,689
Market Cap41.193B
Beta (3Y Monthly)0.42
PE Ratio (TTM)16.59
EPS (TTM)8.81
Earnings DateNov 1, 2019
Forward Dividend & Yield3.87 (2.66%)
Ex-Dividend Date2019-09-19
1y Target Est155.71
  • Top Utility Stocks for November 2019
    Investopedia

    Top Utility Stocks for November 2019

    These are the utility stocks with the best value, fastest growth, and most momentum for November 2019.

  • SoCalGas and LADWP Mark Completion of Million-Dollar Energy Efficiency Project at Angelus Plaza, Largest HUD Project in the Western U.S.
    PR Newswire

    SoCalGas and LADWP Mark Completion of Million-Dollar Energy Efficiency Project at Angelus Plaza, Largest HUD Project in the Western U.S.

    The two-year project will save over $150,000 annually in natural gas and improve the health, safety and comfort of low-income residents LOS ANGELES , Nov. 13, 2019 /PRNewswire/ --  Southern California ...

  • SoCalGas Joins LA Family Housing to Make Hundreds of Thanksgiving Dinner Kits for Those in Need
    PR Newswire

    SoCalGas Joins LA Family Housing to Make Hundreds of Thanksgiving Dinner Kits for Those in Need

    LOS ANGELES, Nov. 11, 2019 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) joined non-profit organization, LA Family Housing to make fleece pet blankets and assemble more than 300 Thanksgiving Dinner kits for Angelenos in need. This is the second year SoCalGas employee volunteers have assembled the Thanksgiving kits with LA Family Housing.

  • PR Newswire

    Sempra Energy Donates To Fisher House Foundation As Part Of Commitment To Veteran Causes

    SAN DIEGO, Nov. 11, 2019 /PRNewswire/ -- Sempra Energy (SRE) today announced that for its second annual Veterans Day grant, the company is donating $20,000 to Fisher House Foundation. The organization builds comfort homes for military and veteran families to stay in while their loved one is in the hospital, and has a grant program that supports scholarship funds for military children and spouses, and children of fallen and disabled veterans. "At Sempra Energy, we are truly inspired by the work that Fisher House Foundation does to support our veterans and their families at a time when they need it most," said Jeffrey W. Martin, chairman and CEO of Sempra Energy.

  • Moody's

    Oncor Electric Delivery Company LLC -- Moody's announces completion of a periodic review of ratings of Sempra Energy

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Sempra Energy and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Edison Once Again Seeks to Limit Liability From California Fires
    Bloomberg

    Edison Once Again Seeks to Limit Liability From California Fires

    (Bloomberg) -- Edison International once again will try to sway a California state court judge to rule that it can’t be held liable for all the damage to private property caused by a wildfire, if it isn’t allowed to pass on some costs to ratepayers.With this year’s fire season already causing havoc in communities up and down California, Edison is making a preemptive bid to limit its liability from the Woolsey Fire that tore through Malibu last year and destroyed 1,600 structures, including homes of singer Miley Cyrus, rocker Neil Young and actor Gerard Butler. Losses from the fire total $4 billion, according to a CoreLogic Inc. estimate.The hearing Tuesday in downtown Los Angeles comes a week after Edison’s Chief Executive Officer Pedro Pizarro disclosed on an earnings call with investors that county investigators have found that the Woolsey fire was caused by Southern California Edison’s equipment.The finding could leave Edison on the hook for billions of dollars in damages. California’s so-called inverse condemnation doctrine holds utilities 100% responsible for damage caused by their equipment whether or not they were negligent.The same legal principle has driven the state’s biggest utility, Pacific Gas and Electric Co., to file for bankruptcy protection after its equipment was linked to devastating wildfires in Northern California.It’s not the first time Edison has tried to avoid liability for a fire. The utility failed to convince a judge a year ago to dismiss inverse-condemnation claims for the massive 2017 Thomas Fire that scorched parts of Santa Barbara County and Ventura County. That fire was blamed for a subsequent mudslide that destroyed part of the affluent coastal enclave of Montecito. The first trials in both the Woolsey and Thomas Fire litigation are scheduled for next year.The strict liability the utilities face under California law for damage caused by their power lines has become an existential threat to them in recent years as widespread wildfires have become the new normal in the state. It’s become an even more pressing issue after the California Public Utilities Commission refused a request from Sempra Energy’s San Diego Gas & Electric to increase its rate to compensate for payouts over a 2007 wildfire.Sempra’s yearslong fight to overturn the state commission’s decision ended last month when the U.S. Supreme Court declined to take up the case.Inverse-condemnation liability is based on the idea that losses will be spread throughout society, Edison argued in the court filing. That’s something Edison can’t do on its own, the utility said.“Edison’s rates are regulated by the PUC and it lacks the power to control market price,” it said.Lawyers representing the people who lost their homes in the Woolsey Fire predictably weren’t impressed by Edison’s argument and have called it an “improper challenge to established California law and the California constitution” that has failed in all other wildfire lawsuits involving investor-owned utilities.Edison also can’t rely on the PUC’s decision in the Sempra case because each case is different, they said.“As Edison is well aware, that decision has no application outside that proceeding or those particular fires,” the plaintiffs’ lawyers said.What Bloomberg Intelligence SaysEPS in 3Q was hurt by 10 cents due to wildfire-related equity issuance, and 21 cents more from wildfire operating costs. The company is applying to regulators to recover these unauthorized costs, but that may be difficult. The outages now sweeping southern California make recovery potential more difficult.\-- Kit Konolige, Senior Analyst: UtilitiesFor full report click hereThe final investigation report on the causes of the Woolsey Fire hasn’t been made public yet and the company and the plaintiffs’ lawyers have only been given a redacted version. The California Forestry and Fire Protection Department and the Venture County Fire Department have fought requests to turn over the full report because it relates to an ongoing criminal investigation.Southern California Edison isn’t aware of any basis for felony liability related to the fires, Pizzaro said during the Oct. 28 earnings call.The case is Woolsey Fire Cases, JCCP 5000, California Superior Court, County of Los Angeles (Los Angeles).To contact the reporter on this story: Edvard Pettersson in Los Angeles at epettersson@bloomberg.netTo contact the editors responsible for this story: David Glovin at dglovin@bloomberg.net, Joe Schneider, Peter BlumbergFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Thomson Reuters StreetEvents

    Edited Transcript of SRE earnings conference call or presentation 1-Nov-19 4:00pm GMT

    Q3 2019 Sempra Energy Earnings Call

  • Sempra Energy (SRE) Beats on Q3 Earnings, Ups '19 EPS View
    Zacks

    Sempra Energy (SRE) Beats on Q3 Earnings, Ups '19 EPS View

    Sempra Energy's (SRE) Q3 revenues of $2,758 million increase 7.5% year over year. The top line, however, misses the Zacks Consensus Estimate by 5.6%.

  • Sempra (SRE) Q3 Earnings Surpass Estimates
    Zacks

    Sempra (SRE) Q3 Earnings Surpass Estimates

    Sempra (SRE) delivered earnings and revenue surprises of 0.67% and -5.62%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • PR Newswire

    Sempra Energy Reports Strong Third-Quarter 2019 Earnings

    - Raises 2019 EPS Guidance; Issues 2020 GAAP and Affirms 2020 Adjusted EPS Guidance - Receives Approval of California Utilities' Safety and Reliability-Based General Rate Case - Continues to Advance LNG ...

  • MDU Resources' (MDU) Earnings and Revenues Rise Y/Y in Q3
    Zacks

    MDU Resources' (MDU) Earnings and Revenues Rise Y/Y in Q3

    Strong operational performance in construction materials and services businesses drives MDU Resources' (MDU) Q3 results.

  • ONEOK (OKE) Posts In-Line Q3 Earnings, Misses on Revenues
    Zacks

    ONEOK (OKE) Posts In-Line Q3 Earnings, Misses on Revenues

    Higher NGL and natural gas volume growth drive ONEOK's (OKE) Q3 earnings.

  • PR Newswire

    Sempra Energy Makes Key Executive Appointments In Texas

    SAN DIEGO, Oct. 29, 2019 /PRNewswire/ -- Sempra Energy (SRE) today announced two executive appointments to help lead the company's growing position in Texas and the liquefied natural gas (LNG) industry. John Sowers has been named chief transformation officer for Sempra LNG, and Brian Lloyd has been named regional vice president of external affairs, with a focus on LNG and the Texas market. "We are excited about steadily growing our business presence in Texas," said Jeffrey W. Martin, chairman and CEO of Sempra Energy.

  • Sempra Energy (SRE) to Report Q3 Earnings: What's in Store?
    Zacks

    Sempra Energy (SRE) to Report Q3 Earnings: What's in Store?

    Sempra Energy's (SRE) increased pipeline activities and gains from the Oncor acquisition are likely to have contributed to its bottom line in the third quarter.

  • ONE Gas (OGS) Q3 Earnings Miss Estimates, Revenues Rise Y/Y
    Zacks

    ONE Gas (OGS) Q3 Earnings Miss Estimates, Revenues Rise Y/Y

    ONE Gas' (OGS) third-quarter 2019 results gain from new rates and customer growth.

  • Rigzone.com

    Sempra and Mitsui Eye Stronger LNG Ties

    Cameron LNG loads the first commissioning cargo from Train 1 of the export project in Hackberry, La., on May 28, 2019. PHOTO SOURCE: Sempra Energy

  • Benzinga

    11 Stocks With The Highest Gross Margins

    One of the most popular metrics to gauge the strength of a business is its gross margins. Gross margin is a measure of efficiency that is calculated by subtracting a business’ cost of goods sold from its ...

  • PG&E: As Wildfires Rage On, Investors Get Burned
    Market Realist

    PG&E: As Wildfires Rage On, Investors Get Burned

    PG&E; has disclosed one of its transmission lines malfunctioned just before the Kincade Fire broke out, prompting its stock to fall more than 30% on Friday.

  • Sempra Energy, Mitsui Sign MOU For Development Of LNG Export Projects In North America
    PR Newswire

    Sempra Energy, Mitsui Sign MOU For Development Of LNG Export Projects In North America

    SAN DIEGO, Oct. 28, 2019 /PRNewswire/ -- Sempra Energy (SRE) today announced that it has entered into a memorandum of understanding (MOU) with Mitsui & Co., LTD. (Mitsui) reflecting the parties' preliminary agreement for Mitsui's participation in the Cameron LNG Phase 2 project in Louisiana, and a future expansion of the Energía Costa Azul (ECA) LNG project in Baja California, Mexico.

  • Lockheed adds former Sempra Energy CEO to board
    American City Business Journals

    Lockheed adds former Sempra Energy CEO to board

    Lockheed Martin Corp. (NYSE: LMT) added a new board member Friday, tapping former Sempra Energy (NYSE: SRE) CEO Debra Reed-Klages, according to a filing with the Securities and Exchange Commission.  Reed-Klages led the San Diego energy infrastructure company from 2011 to 2018, also becoming chairwoman and president, before shifting to an executive chairwoman role in April 2018. Also on the boards of Chevron Corp. (NYSE: CVX), Caterpillar Inc. (NYSE: CAT) and State Farm Mutual, Reed-Klages will serve on Lockheed’s audit committee and management development and compensation committee and joins 10 other members on the Bethesda defense contractor’s board of directors, including Chairwoman, President and CEO Marillyn Hewson and former Department of Homeland Security Secretary Jeh Johnson.  "Debra brings a demonstrated track record of global business leadership and extensive experience in risk management and environmental and sustainability strategies," Hewson said in a statement Friday.

  • Sempra (SRE) Reports Next Week: Wall Street Expects Earnings Growth
    Zacks

    Sempra (SRE) Reports Next Week: Wall Street Expects Earnings Growth

    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.

  • PG&E Tumbles as California Fires Spreads to its Service Area
    Investing.com

    PG&E Tumbles as California Fires Spreads to its Service Area

    Investing.com - Pacific Gas & Electric Company shared fell on Thursday as a major fire has erupted in part of its service area.

  • New High-Efficiency Commercial Clothes Drying System Promises to Run on Half the Energy and Save Laundries Up to $2.5 Billion
    PR Newswire

    New High-Efficiency Commercial Clothes Drying System Promises to Run on Half the Energy and Save Laundries Up to $2.5 Billion

    LOS ANGELES, Oct. 23, 2019 /PRNewswire/ -- Hotel laundries and other businesses that use commercial clothes dryers could soon be using a game-changing technology that reduces energy costs up to 70 percent, saves water, and helps the environment. Southern California Gas Co. (SoCalGas) and Gas Technology Institute (GTI) announced today they have completed a proof-of-concept feasibility study on a new high-efficiency clothes drying technology that reduces natural gas use, saves money, and lowers greenhouse gas emissions.

  • California Starting Another Mass Blackout to Avoid Wildfires
    Bloomberg

    California Starting Another Mass Blackout to Avoid Wildfires

    (Bloomberg) -- Parts of California will go dark Wednesday afternoon in a mass blackout that could eventually leave more than a million people without power. And more shutoffs could come over the weekend.PG&E Corp. will begin cutting power to 179,000 customers in 17 northern and central California counties on Wednesday afternoon in an attempt to keep its power lines from sparking wildfires amid hot, dry winds. In Southern California, Edison International is warning that it may cut service to another 308,000, and Sempra Energy is considering a shutoff in the San Diego area. In all, about 1.5 million people may be affected.The threat of widespread shutoffs is hitting just two weeks after PG&E carried out the biggest planned blackout in California history, plunging about 2 million people into darkness, knocking out traffic lights and forcing businesses to shut. The outages have ignited a debate over how far California and its utilities are willing to go to avoid catastrophic fires.PG&E’s cutoffs are scheduled to start around 2 p.m. in the Sierra Foothills, and they are expected to spread into other areas through early Thursday. The worst of the winds are forecast to slow by noon Thursday. Meanwhile, high winds could return over the weekend, and into next week, according to the National Weather Service. PG&E has warned that there’s an “elevated risk” of shutoffs in eight of of its nine geographical zones starting Sunday. It said that storm may prove even bigger and stronger. “A small shift in the track will make a big difference,” said Spencer Tangen, a weather service meteorologist in Monterey, California. “There is a pretty high threat Saturday night into Sunday and possibly Sunday night into Monday and it is looking like they could be stronger than what we are seeing with this current one.”The threat of wildfires was listed as critical across the state Wednesday with dry winds set to “ramp up considerably” with Thursday forecast to be the worse day for storms across Southern California, the weather service said.Edison didn’t say when it may decide on a shutoff Wednesday.The blackout had one entirely predictable effect: Generac Holdings Inc., which provides back-up generators and saw a spike in demand during the last California blackout, rising as much as 3.7% to a record $90.26.Other businesses were affected more negatively: Pipeline giant Kinder Morgan Inc. said it’s halting flows on a major fuel line between California and Nevada because of the cuts. The segment will restart when power returns, the Houston-based company said.The state’s largest power company has been taking more extreme measures to prevent fires since its equipment was identified as the cause of blazes that devastated California in 2017 and 2018. That saddled the utility with an estimated $30 billion in liabilities, forcing it into bankruptcy.The Camp Fire in November 2018, which killed 86 people and destroyed an entire town, was among the tragedies sparked by power lines.Once the storm is over, the utility will have to inspect and repair lines before restoring service. It has a goal of returning power to the vast majority of customers within 48 hours of the weather passing -- potentially just in time for another wind storm to hit.Early next week, winds are expected to restrengthen after a relatively mundane weekend as a new front rushes in, according to Bob Oravec, a senior branch forecaster at the U.S. Weather Prediction Center in College Park, Maryland. “The threat is going to be there,” Oravec said.Meanwhile, PG&E Chief Executive Officer Bill Johnson said late Tuesday that he didn’t want to get too far ahead “when we’ve got tomorrow to think about.”The blackout threat has spurred a debate between California Governor Gavin Newsom and the utility over who should make the call on shutoffs. In a letter to Newsom last week, PG&E Chief Executive Officer Bill Johnson said California should discuss the idea of a state agency deciding when to carry out widespread outages.Late Tuesday, Newsom shot down the idea, saying transferring control of the decision-making would be a “bailout” for PG&E.The PG&E blackout that struck earlier this month drew outrage from residents and state officials who accused the utility of cutting service to more customers than necessary and failing to properly communicate its plans.(Adds Edison estimate in second paragraph and Generac shares in eighth paragraph)\--With assistance from Robert Tuttle.To contact the reporters on this story: Mark Chediak in San Francisco at mchediak@bloomberg.net;David R. Baker in San Francisco at dbaker116@bloomberg.net;Brian K. Sullivan in Boston at bsullivan10@bloomberg.netTo contact the editors responsible for this story: Tina Davis at tinadavis@bloomberg.net, Reg Gale, Lynn DoanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.