SRE - Sempra Energy
| Previous Close | 141.17 |
| Open | 140.88 |
| Bid | 139.22 x 800 |
| Ask | 140.53 x 1000 |
| Day's Range | 139.67 - 141.16 |
| 52 Week Range | 104.88 - 141.86 |
| Volume | 1,360,310 |
| Avg. Volume | 1,408,103 |
| Market Cap | 38.432B |
| Beta (3Y Monthly) | 0.33 |
| PE Ratio (TTM) | 37.71 |
| EPS (TTM) | 3.71 |
| Earnings Date | Aug 2, 2019 |
| Forward Dividend & Yield | 3.87 (2.74%) |
| Ex-Dividend Date | 2019-07-03 |
| 1y Target Est | 142.82 |
- PR Newswire•yesterday
Oncor To Release Second Quarter 2019 Results On August 2
DALLAS, July 19, 2019 /PRNewswire/ -- Oncor Electric Delivery Company LLC ("Oncor") plans to release its second quarter 2019 results on Aug. 2, prior to Sempra Energy's (SRE) second quarter 2019 conference call. Oncor's earnings release will be available at oncor.com. Sempra Energy executives will conduct a conference call at 12 p.m. ET, on Aug. 2 that will include discussion of Oncor's second quarter 2019 operational and financial results.
- PR Newswire•yesterday
Sempra Energy To Report Second-Quarter 2019 Earnings Aug. 2
SAN DIEGO, July 19, 2019 /PRNewswire/ -- Sempra Energy (SRE) plans to release its second-quarter 2019 earnings at 7 a.m. ET, Aug. 2. Sempra Energy executives will conduct a conference call at 12 p.m. ET, Aug. 2. Investors, media, analysts and the public may listen to a live webcast of the conference call on the company's website, sempra.com, by clicking on the appropriate audio link.
- Zacks•4 days ago
4 Utility Stocks Set to Outpace Earnings Estimates in Q2
The Utility sector's second-quarter earnings are expected to benefit from new rates, customer growth and interest rate freeze.
- Bloomberg•6 days ago
Barry Brings Life-Threatening Floods, Tornadoes to Louisiana
(Bloomberg) -- Barry risks causing life-threatening floods after making landfall in Louisiana on Saturday, as the tropical storm lashes the state with as much as two feet of rain. The system is forecast to weaken further on Sunday as it treks inland.The storm came ashore near Intracoastal City -- about 125 miles west of New Orleans -- in Louisiana and has top winds of 65 miles (105 kilometers) per hour, the U.S. National Hurricane Center said in an advisory at 5 p.m. in New York. Up to 25 inches (64 centimeters) of rain could fall in some areas of the state, according to the NHC.The National Hurricane Center looks for a few tornadoes to be triggered across Louisiana, Mississippi, western Alabama and eastern Arkansas as Barry slowly marches north, although flooding is the primary threat. Early Sunday, Barry was near Peason Ridge, Louisiana, moving north at about 6 miles (10 km) per hour, and that general motion is expected to prevail, carrying the storm as far as Arkansas tonight and Monday, the center said. Barry, which was earlier a Category 1 hurricane, has cut energy production in the Gulf of Mexico, helped lift oil and natural gas prices, threatened crops from cotton to sugar and disrupted ship traffic on the Mississippi.While it had threatened to raise the river’s levels in New Orleans to the most in almost seven decades, the National Weather Service now estimates a peak of about 17 feet, or almost three feet below prior forecasts. That would still be the highest since 1995.“The worst is yet to come,” said Jim Rouiller, chief meteorologist at the Energy Weather Group near Philadelphia. “This is a very different kind of storm. It will continue to consolidate and be a severe flooding event for the state of Louisiana.”Over 110,000 utility customers across Louisiana are being affected by power outages, according to data compiled from company maps.Entergy Louisiana LLC, the main provider in the state with a total of 1.08 million customers, reported that about 71,600 were affected. Almost 43,500 out of Cleco Corp.’s nearly 285,000 customers were without power.The storm is now about 20 miles southwest of the city of Lafayette. It’s expected to move generally northward through the Mississippi Valley through Sunday night.Barry will weaken to a depression by Sunday and could degenerate completely by Monday or Tuesday, the hurricane center said. Moisture from the storm will still bring rain through the Mississippi and Ohio Valleys.“Life-threatening, significant flash flooding and river flooding will become increasingly likely later today and tonight as Barry moves inland, especially across portions of south-central and southeast Louisiana and Mississippi,” Jack Beven, a senior hurricane specialist at the NHC in Miami, wrote in an earlier forecast analysis.In the last three years, 83% of storm deaths have been a result of inland flooding, Ken Graham, the NHC’s director, said in an online presentation. The moisture heading toward the Gulf coast “is off the charts,” he said.For more, listen to this mini-podcast on the stormCompanies have cut 70% of oil and about 56% of natural gas output in the Gulf. Tropical-storm-force winds are reaching as far as 175 miles out of Barry’s center, according to the NHC’s advisory.While New Orleans -- where an emergency was declared Wednesday -- hasn’t undergone a mandatory evacuation, Mayor LaToya Cantrell had urged residents to be prepared to shelter in place because the slow-moving storm could bring heavy rain for 48 hours.Also read: New Orleans Told ‘Do Not Drop Your Guard’ as Barry Brings RainsWhile the threat to levees along the Mississippi isn’t as great, many secondary rivers throughout Louisiana are going to rise rapidly and flood, said Graham at the NHC. “We’re still dealing with Barry. It isn’t a hurricane anymore but it doesn’t matter, there is going to be a ton of rain out there,” he said.The storm will likely cause about $800 million to $900 million in damage, Chuck Watson, a disaster modeler with Enki Research in Savannah, Georgia, said on Friday.For a map showing assets in the storm’s path, click here(Updates with storm weakening, threat of tornadoes.)\--With assistance from Sheela Tobben, Michael Hirtzer, Kevin Varley, Shruti Date Singh, Will Wade, Mark Chediak, Stephen Stapczynski, Rachel Adams-Heard and Andres Guerra Luz.To contact the reporter on this story: Brian K. Sullivan in Boston at bsullivan10@bloomberg.netTo contact the editors responsible for this story: Tina Davis at tinadavis@bloomberg.net, Pratish Narayanan, Ros KrasnyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Moody's•8 days ago
San Diego Gas & Electric Company -- Moody's affirms San Diego Gas & Electric Company's ratings; outlook remains 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.
- Bloomberg•8 days ago
Tropical Storm Barry Puts 70% of Newly Minted U.S. LNG Capacity at Risk
(Bloomberg) -- Tropical Storm Barry is highlighting the risks that Gulf of Mexico storms pose to America’s newly expanded liquefied natural gas export capacity.Cheniere Energy Inc.’s Sabine Pass export terminal and Sempra Energy’s just-built Cameron facility are potentially in the path of the storm as it churns toward Louisiana. Together, the terminals account for about 70% of America’s capacity to ship LNG overseas. Two gas tankers are waiting to approach Sabine Pass, while a third recently departed, according to ship tracking data compiled by Bloomberg.Another terminal, Venture Global LNG Inc.’s Calcasieu Pass in Cameron Parish, is under construction. Sabine Pass continues to operate and Cheniere doesn’t expect major impacts to operations from Barry, the company said Thursday. Gas flows to the facility via pipeline have dropped about 20% since July 9, BloombergNEF data show. Sempra said it’s monitoring the storm, while a Venture Global spokeswoman didn’t respond to a request for comment.LNG exports from the U.S. have surged, reaching buyers from Mexico to Japan, with three new terminals starting up since December. The cargoes provide an important outlet for gas producers as supply from shale basins soars, pressuring prices lower.Sabine Pass has five tanks for storing super-chilled gas, but two have been unavailable since the beginning of last year, when plant workers discovered a crack in one of the them. Investigators later found that a second tank had also had LNG released from its inner wall.Earlier this week, U.S. regulators told Cheniere that more work is needed before the tanks can be returned to service. That means the company has less flexibility to stock up on LNG when ships can’t reach the terminal to load cargoes during bad weather.(Updates with Sabine Pass flows in third paragraph, tank repairs in fifth.)\--With assistance from Ryan Collins, Naureen S. Malik and Rachel Adams-Heard.To contact the reporters on this story: Christine Buurma in New York at cbuurma1@bloomberg.net;Kevin Varley in Washington at kvarley@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Christine Buurma, Joe CarrollFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks•11 days ago
UGI vs. SRE: Which Stock Is the Better Value Option?
UGI vs. SRE: Which Stock Is the Better Value Option?
- Markit•11 days ago
See what the IHS Markit Score report has to say about Sempra Energy.
Sempra Energy NYSE:SREView full report here! Summary * Perception of the company's creditworthiness is neutral * Bearish sentiment is moderate * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is moderate for SRE with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $6.05 billion over the last one-month into ETFs that hold SRE are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. Although SRE credit default swap spreads are decreasing, they remain near their highest levels of the last 3 years, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- PR Newswire•12 days ago
Sempra Energy Names Brian L. Kelly Vice President Of Federal Government Affairs
SAN DIEGO, July 8, 2019 /PRNewswire/ -- Sempra Energy (SRE) today announced that Brian L. Kelly has been named vice president of federal government affairs for Sempra Energy, effective today. Kelly will be based in Washington, D.C., and will lead Sempra Energy's federal legislative and regulatory priorities. Kelly succeeds Maryam Sabbaghian Brown, who became president of Southern California Gas Co., a Sempra Energy company, in March.
- Bloomberg•15 days ago
PG&E, Edison May Not Get California Help on Fires by July 12
(Bloomberg) -- California’s biggest utilities -- PG&E Corp., Edison International and Sempra Energy -- may not get the help they need to deal with multi-billion dollar wildfire liabilities before lawmakers adjourn July 12 for recess.Governor Gavin Newsom signaled that pending legislation may not be finalized by then, a date around which S&P Global Ratings has indicated it might downgrade the utilities to junk absent state action. “The bond-rating agencies have marked the 12th and 13th as important days,” Newsom said Wednesday at an unrelated bill signing event, according to CALmatters, a nonprofit news organization. “But if we make a tremendous amount of progress in the next two weeks and it bleeds over for a few days, I imagine that will be considered.”Asked about the comments Friday, Newsom spokesman Nathan Click said the administration was “continuing to work toward the 12th” but that it’s “also important to get it right.”California’s utility giants are counting on the legislation to save them from mounting liabilities tied to wildfires that their equipment keeps igniting. The state’s largest power company, PG&E, was forced to declare bankruptcy in January to deal with an estimated $30 billion in fire damages. Both Edison International’s and Sempra Energy’s utilities face junk ratings should the state fail to come up with a fix in time.In California, a legal doctrine known as inverse condemnation holds utilities liable for wildfires that their equipment sparks, even if they aren’t proven negligent. Newsom has proposed a sweeping plan to help power providers pay for future wildfire damages and make it easier for them to recover costs if they obtain a safety certification. The bill is scheduled for a committee hearing Monday after being postponed twice.S&P said in June that it may cut Edison’s Southern California Edison and Sempra’s San Diego Gas & Electric to below investment grade “on or about July 12” absent legislative action reducing the exposure to fire liabilities.“The downgrades would reflect the higher wildfire risks that California’s electric utilities are facing without adequate regulatory protections to effectively reduce those risks,” the company said.Legislative leaders, who like Newsom are Democrats, on Friday pointed to the work on the bill underway. “Substantial progress has been made,” said Kevin Liao, a spokesman for Assembly Speaker Anthony Rendon.Senate President pro Tempore Toni Atkins said in a statement that the Senate is “unified” with the governor to finish the legislation “as quickly as possible.”“We know wildfire season is upon us and we must move quickly to resolve all of these issues,” she said. “We trust that the progress we have made is clear indication that we are taking this seriously.”(Updates with legislative comments starting in third to last paragraphs.)\--With assistance from Mark Chediak.To contact the reporter on this story: Romy Varghese in San Francisco at rvarghese8@bloomberg.netTo contact the editors responsible for this story: Elizabeth Campbell at ecampbell14@bloomberg.net, Michael B. Marois, William SelwayFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Simply Wall St.•15 days ago
How Much Are Sempra Energy (NYSE:SRE) Insiders Taking Off The Table?
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...
- PR Newswire•15 days ago
Sempra Energy Media Statement On Cameron LNG Agreement With McDermott And Chiyoda
SAN DIEGO, July 5, 2019 /PRNewswire/ -- McDermott International (McDermott) and Chiyoda International (Chiyoda) announced today they have reached an agreement with Cameron LNG for performance-based commercial considerations related to the construction and commissioning schedule that further aligns the interests of all parties around safe, timely completion of Phase 1 of Cameron LNG, a three-train liquefaction-export project under construction in Hackberry, La. McDermott and Chiyoda are providing the engineering, procurement and construction for the first three liquefaction trains at the Cameron LNG export project. Cameron LNG is jointly owned by affiliates of Sempra LNG, Total, Mitsui & Co., Ltd., and Japan LNG Investment, LLC, a company jointly owned by Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha (NYK).
- PR Newswire•17 days ago
Sempra Energy's IEnova Unit To Report Second-Quarter 2019 Earnings July 24
SAN DIEGO , July 3, 2019 /PRNewswire/ -- Sempra Energy's (NYSE:SRE) Mexican subsidiary, Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) (BMV: IENOVA), plans to release its second-quarter 2019 ...
- Moody's•17 days ago
Gainvest Infraestructura FCI Abierto -- Moody's assigns B-bf/A-bf.ar ratings to Gainvest Infraestructura FCI Abierto para Proyectos Productivos de Economías Regionales e Infraestructura
Announcement: Moody's assigns B-bf/A-bf. ar ratings to Gainvest Infraestructura FCI Abierto para Proyectos Productivos de Economías Regionales e Infraestructura. Global Credit Research- 03 Jul 2019. Buenos ...
- Reuters•18 days ago
Mexico's IEnova denies starting arbitration over pipeline dispute
- Reuters•18 days ago
Mexican power company CFE says pipeline firms agree to renegotiate
Manuel Bartlett, the CFE's director, speaking at a news conference in Mexico City, added that the companies, which include Canada's TC Energy Corp, had sought international arbitration before Mexico had. The CFE is seeking to negotiate "fairer" terms for a number of pipeline contracts signed by the previous government which President Andres Manuel Lopez Obrador has questioned, suggesting they may have been too costly for the state.
- InvestorPlace•19 days ago
5 Utility Stocks to Buy for an Extra Durable Portfolio
[Editor's note: This story was originally published in September 2018. It has since been updated and republished.]Utility stocks were supposed to be yesterday's favorite investment. The theory regarding utility stocks was simple: Robust economic growth coupled with a full labor market was supposed to spark rising inflation. The Fed was supposed to fight rising inflation with rate hikes. Fixed income yields were supposed to rise. Utility stocks, which were long viewed as bond substitutes in an era of ultra-low interest rates, were supposed to fall.But that theory hasn't fully materialized into reality.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe result? Utility stocks haven't lost their shine. With inflation relatively contained and investors ducking into safety, stocks in utilities are still attractive assets to own for dividend yield hunters. Utilities Select Sector SPDR Fund(NYSE: XLU), a utilities ETF, has jumped 13.5% in 2019.The markets' recent volatility has contributed to the XLU's gain, as investors flee toward any safe haven. Not to mention, a number of other catalysts are in play. Inflation isn't soaring higher because technology giants are suppressing inflationary pressures (just think about the downward pressure Amazon (NASDAQ:AMZN) is putting on all consumer goods prices). This trend won't reverse any time soon, and thus, inflationary pressures should remain subdued for the foreseeable future. With those forces subdued, utility stocks have room to rally. * 7 F-Rated Stocks to Sell for Summer With that said, what are the best utility stocks to buy for your portfolio? Here's a list of five stocks that I think are worth a look: American Electric Power (AEP)Considered one of the industry's heavyweights, American Electric Power (NYSE:AEP) is a massive electric utility company that delivers electricity to more than 5 million customers across eleven states. Over the past three months, AEP stock is up 6%.The business right now is doing pretty well, as robust economic strength in the company's core markets has boosted the business. Overall, sales and earnings are both trending higher at a healthy rate. Sempra Energy (SRE)Another one of the industry's heavyweights is Sempra Energy (NYSE:SRE), the multi-faceted energy company that provides energy services to more than 40 million customers globally across Southern California, Texas, Chile and Peru. In 2019, SRE stock is up 27%.Sempra's business is doing well: Both revenues and earnings are trending higher amid a favorable economic backdrop. Plus, the company is continuing its energy diversification efforts by expanding its liquid natural gas (LNG) business, something which the company feels can help fuel sustainable long-term growth. * 7 F-Rated Stocks to Sell for Summer The dividend yield on SRE stock sits right around 2.8%. That isn't great, but it's right around where the yield has been over the past several years. Duke Energy (DUK)Next up is electric power and gas utility giant Duke Energy (NYSE:DUK). Much like the other names on this list, Duke's operations are stable and healthy. That said, DUK stock is down 2% over the past five days. That's contributed to an increased dividend yield, at 4.2%.Business remains fine, mostly thanks to favorable weather and strengthening economic conditions. And Duke's revenues and earnings have been trending consistently higher at a slow and stable rate.This level of growth should persist for the next several years as economic conditions remain solid. American Water Works Company (AWK)Although electricity and power are very important utilities, another utility of equal importance is water, and that is where American Water Works Company (NYSE:AWK) comes into the picture.American Water provides waters services to 15 million people across 46 states and Canada. That makes American Water the largest and most diverse publicly traded water company. Moreover, American Water is planning on spending a whole bunch of money over the next several years to modernize water distribution infrastructure, an investment that will likely lead to rate hike approvals and robust long-term earnings growth. * 7 F-Rated Stocks to Sell for Summer AWK stock has a dividend yield of 1.7%. That isn't great. But, what the company lacks in dividend yield, it makes up for in earnings growth, which should be able to run around 10%-per-year for the next several years. That combination of healthy earnings growth and stable yield should make AWK stock a winning investment. NextEra Energy (NEE)Perhaps the utility stock with the most long-term earnings-growth potential on this list is NextEra Energy (NYSE:NEE). That is because not only does NextEra operate a massive utility business like the other utility players on this list, but the company is also a leading player in renewable energy and battery storage.Over the past decade, this company has grown earnings and dividends at an 8%-per-year clip, and that robust growth should continue so long as the company's renewable business continues to scale.The one thing to be worried about when it comes to NEE stock is that the dividend yield is at 2.4%, which is a five-year low. But earnings growth is robust, and it is large enough to compensate for a historically low dividend yield.As of this writing, Luke Lango was long AMZN and AWK. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 F-Rated Stocks to Sell for Summer * 7 Stocks to Buy for the Same Price as Beyond Meat * 7 Penny Marijuana Stocks That Are NOT Cheap Stocks Compare Brokers The post 5 Utility Stocks to Buy for an Extra Durable Portfolio appeared first on InvestorPlace.
- Reuters•22 days ago
CPUC to consider penalty on Sempra's SoCalGas unit for 2015 leak
The California Public Utilities Commission (CPUC) said on Thursday it has opened an investigation to consider penalties against SoCalGas, a unit of Sempra Energy, for a massive, four-month-long gas leak near Los Angeles in 2015. The CPUC said it has also opened an investigation against Sempra Energy to determine if it prioritizes safety in its organizational culture and governance.
- PR Newswire•23 days ago
SoCalGas Hosts Renewable Energy Technology Demonstration Day
Innovative projects could help California achieve deep greenhouse emissions reductions BRAWLEY, Calif. , June 27, 2019 /PRNewswire/ -- Southern California Gas Co. (SoCalGas), in collaboration with Hyperlight ...
- Moody's•24 days ago
Fideicomiso P.A. Concesion Ruta al Mar -- Moody's affirms Ruta al Mar's Baa3 rating, outlook changed to negative
Moody's Investors Service ("Moody's") today affirmed the Baa3 rating of Series A COP522 billion senior secured UVR Indexed Notes Due 2044 issued by Fideicomiso P.A. Concesion Ruta al Mar (the Issuer), with Concesion Ruta al Mar S.A.S. as co-obligor (the Project, or RaM). The overall credit profile throughout the operating phase is enhanced by the strong structural features embedded in the transaction.
- Reuters•24 days ago
Shares of Mexican energy firm IEnova fall after arbitration request
- Reuters•24 days ago
Enel makes non-binding bid for Sempra assets in Chile, Peru
- Investopedia•25 days ago
7 Stocks to Weather the New Wave of Market Turmoil
These stocks historically have below-average price volatility, while also offering above-average earnings and dividend growth.
- PR Newswire•26 days ago
Sempra Energy Releases Corporate Sustainability Report, 'Delivering Energy With Purpose'
SAN DIEGO, June 24, 2019 /PRNewswire/ -- Sempra Energy (SRE) today released its corporate sustainability report, "Delivering Energy With Purpose," outlining the company's environmental, social and governance performance in 2018. "Delivering energy with purpose is how we improve the lives of those we serve and is an integral part of who we are," said Jeffrey W. Martin, chairman and CEO of Sempra Energy.
