|Bid||147.15 x 1000|
|Ask||0.00 x 800|
|Day's Range||146.49 - 148.17|
|52 Week Range||104.88 - 148.90|
|Beta (3Y Monthly)||0.42|
|PE Ratio (TTM)||16.72|
|Earnings Date||Nov 1, 2019|
|Forward Dividend & Yield||3.87 (2.62%)|
|1y Target Est||155.43|
The S&P 500 Index is a market-capitalization-weighted index of the 500 largest publicly traded companies in the U.S. It is widely considered as the best gauge of large-cap U.S. equities. Some of the largest companies in the index include Microsoft Corporation (MSFT), Apple Inc.
Moody's Investors Service ("Moody's") affirmed the A3 rating on Cameron LNG, LLC's (Cameron or Project) $2.915 billion "uncovered" senior secured credit facility due 2030 (about $2.6 billion currently outstanding).
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 ...
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.
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 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.
(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 email@example.comTo contact the editors responsible for this story: David Glovin at firstname.lastname@example.org, Joe Schneider, Peter BlumbergFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
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) 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?
- 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 ...
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'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 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; 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.
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 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) 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.
Investing.com - Pacific Gas & Electric Company shared fell on Thursday as a major fire has erupted in part of its service area.