|Bid||115.38 x 1200|
|Ask||115.35 x 1300|
|Day's Range||115.14 - 116.63|
|52 Week Range||100.49 - 122.98|
|PE Ratio (TTM)||185.26|
|Earnings Date||Aug 2, 2018 - Aug 6, 2018|
|Forward Dividend & Yield||3.58 (3.10%)|
|1y Target Est||123.78|
Sempra Energy (SRE) stock appears to be trading at a fair premium. On July 11, it was trading at an enterprise-value-to-EBITDA valuation multiple of 15.4x, which is much higher than its five-year historical average.
President Trump's standoff against NATO's cost burden this week, particularly towards Germany, signaled the markets of his stance against Russia by emphasizing Europe's dependency on Russian's natural gas. Germany has a strong dependence on Russian gas, preventing Europe from having a consensus position against Russia's prior invasion of Crimea and the intervention of the European Union to support Ukraine.
LOS ANGELES, July 13, 2018 /PRNewswire/ -- SoCalGas today announced it will award grants of $50,000 each to two municipalities to support local planning efforts to prepare for climate-change risks, such as extreme heat, wildfires, drought, sea level rise, flooding and other extreme weather events. The competitive grant program is designed to help cities and counties reduce the impact of such threats, which are expected to increase over the next decade. An advisory panel of planning and sustainability experts from the Los Angeles Regional Collaborative for Climate Action and Sustainability (LARC), Climate Resolve, and the American Planning Association-California Chapter (APA-California) will select the winning applications from across Southern and Central California.
SAN DIEGO , July 11, 2018 /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 2018 ...
SAN DIEGO, July 10, 2018 /PRNewswire/ -- Sempra Energy (SRE) today announced that it is commencing concurrent offerings (the equity offerings) of $1.1 billion of shares of its common stock in connection with the forward sale agreements described below and $500 million of shares of its Mandatory Convertible Preferred Stock, Series B, each in a separate registered public offering, subject to market and other conditions. Sempra Energy expects to use the net proceeds from these offerings and the related sale of shares of its common stock pursuant to the forward sale agreements referred to below to repay outstanding commercial paper, to fund working capital and for other general corporate purposes. Sempra Energy intends to grant the underwriters in the respective equity offerings the option to purchase directly from Sempra Energy up to an additional $165 million of shares of its common stock and up to an additional $75 million of shares of the Mandatory Convertible Preferred Stock.
On completion, the first phase of Sempra Energy (SRE) constructed Topolobampo terminal will have a capacity to store 1 million barrels of gasoline and diesel.
Two utilities recognized as international industry leaders for their pioneering uses of Geographic Information System mapping technology to deliver energy safely and reliably LOS ANGELES , July 9, 2018 ...
Southern California Gas Co said it would end a natural gas curtailment watch on Monday as the heat wave blanketing Southern California starts to dissipate. Last week, SoCalGas, a unit of California energy company Sempra Energy, warned customers that they may have to reduce gas use during the heat wave. The utility, however, did not issue a curtailment notice.
Mexican energy infrastructure firm IEnova, a unit of U.S.-based Sempra Energy, said on Monday it would invest about $150 million to build and operate a fuel terminal in the northwestern state of Sinaloa. The tender was won by its subsidiary, IEnova Petroliferos IV, IEnova said in a statement. The facility will feature initial storage capacity of 1 million barrels, mainly for gasoline and diesel, IEnova said.
SAN DIEGO, July 9, 2018 /PRNewswire/ -- Sempra Energy (SRE) today announced that its Mexican subsidiary, Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) (IENOVA.MX), has been awarded a 20-year contract by the Topolobampo Port Administration in Mexico to build and operate a receipt, storage and send-out liquid fuels marine terminal in the state of Sinaloa. With a projected investment of approximately $150 million, the first phase of the new liquid fuels terminal will have a storage capacity of 1 million barrels of fuel, including gasoline and diesel. Operations are expected to commence in the fourth quarter of 2020.
A panel of Motley Fool investors weighs in on whether you should follow some of Wall Street's top minds in buying Sempra Energy, General Motors, and GameStop.
LONDON, UK / ACCESSWIRE / July 2, 2018 / If you want access to our free research report on Sempra Energy (NYSE: SRE), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=SRE as the Company's latest news hit the wire. On June 28, 2018, the Company announced that it plans to sell several energy infrastructure assets, including its entire portfolio of US wind and US solar assets, as well as certain US midstream assets. Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you.
SAN DIEGO, July 2, 2018 /PRNewswire/ -- Sempra Energy (SRE) today released its 2017 corporate sustainability report, "Sustainable Future," outlining the company's environmental, social and governance performance. "At Sempra Energy, we believe it is our responsibility to ensure that we are providing for our customers, shareholders and employees in a sustainable way," said Jeffrey W. Martin, CEO of Sempra Energy. The 2017 report highlights governance performance, such as Sempra Energy's continued work to incorporate risks related to climate change into its risk-management process.
Program extension will enhance safety and reliability through direct utility service to 6,400 mobile homes in 65 parks throughout SoCalGas' territory. LOS ANGELES , June 29, 2018 /PRNewswire/ -- Southern ...
WASHINGTON , June 29, 2018 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today joined Énergir , a Canadian natural gas utility, along with French utilities GRDF and GRTgaz to announce a new collaboration ...
Under review this morning are the following four equities: NRG Energy Inc. (NYSE: NRG), PNM Resources Inc. (NYSE: PNM), Sempra Energy (NYSE: SRE), and TerraForm Power Inc. (NASDAQ: TERP). On Thursday, shares in Princeton, New Jersey headquartered NRG Energy Inc. recorded a trading volume of 3.96 million shares.
Sempra Energy’s tangle with billionaire Paul Singer’s Elliott Management Corp. is only just getting started. On Thursday, California utility owner Sempra resisted (for now) demands by Elliott to get rid of its Latin American and liquefied natural gas businesses, setting the stage for what may become a prolonged battle between the two. Get used to it -- because tussles between utilities and activists like this are bound to continue, says Nick Akins, chief executive officer of a fellow utility owner, American Electric Power Co.
Energy said it plans to sell its wind and solar assets in the U.S., along with some natural-gas assets, as it works to fend off activists investors pushing for six board seats and a review of the entire business. Thursday’s announcement comes less than a month after activist investor Elliott Management Corp. and Bluescape Resources Co. said they owned a combined 4.9% stake in the energy company. Elliott and Bluescape has previously said that Sempra has become too interested in “sheer size” and that it has “disparate businesses grouped together with no compelling strategic or financial rationale.” The investors wanted Sempra to form a strategic review committee to examine the entire business and replace six of the company’s board members.
Walgreens – the newest Dow component – reported adjusted quarterly profit of $1.53 per share, 5 cents a share above estimates. Revenue beat estimates, as well, and the drugstore operator also authorized a $10 billion share repurchase program and raised its quarterly dividend by 4 cents a share to 44 cents per share. Accenture ACN – The consulting firm beat estimates by 7 cents a share, with adjusted quarterly profit of $1.79 per share.