|Bid||38.64 x 1100|
|Ask||117.50 x 800|
|Day's Range||115.40 - 117.11|
|52 Week Range||100.49 - 127.22|
|Beta (3Y Monthly)||0.29|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 29, 2018 - Nov 2, 2018|
|Forward Dividend & Yield||3.58 (3.11%)|
|1y Target Est||124.45|
LOS ANGELES, Oct. 19, 2018 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today announced the utility had achieved a new milestone with its innovative natural gas capture system, conserving a total of more than 2.5 million cubic feet of natural gas – the equivalent to what more than 12,500 homes use each day on average in the U.S. – since first deploying the technique in August 2016. When crews perform work on a pipeline, some natural gas inside the pipe must be released for safety. Instead of being released into the atmosphere, the natural gas is captured, compressed, and reinjected back into the utility's pipeline system for use by SoCalGas customers.
Oncor Electric Delivery Co. has reached a deal to buy InfraREIT Inc. in a transaction valued at about $1.28 billion including debt.
The deal expands Oncor’s reach in Texas through access to more transmission assets next to the territory it already serves.
Sempra’s Oncor unit will pay about $21 a share for InfraREIT Inc., which owns Texas power lines, substations and transmission towers, Sempra said Thursday in a statement. Sempra will also pay $98 million for a 50 percent stake in a holding company that will own Sharyland Utilities LP. The rest will be held by Hunter L. Hunt and other members of the family of Ray L. Hunt.
Dallas electricity giant Oncor has acquired InfraREIT for roughly $1.275 billion, the company said Thursday.
According to Wall Street analysts’ consensus, Xcel Energy (XEL) stock has a median target price of $49.38—compared to its current market price of $48.27, which indicates a potential upside of 2.3% in a year.
Shares of InfraREIT Inc. were indicated up about 1.7% in premarket trade, after Sempra Energy said Oncor Electric Delivery Co. LLC, of which it owns an 80% stake, will buy InfraREIT in a deal valued at $1.28 billion. Under terms of the deal, Oncor will pay $21 a share for InfraREIT, a real estate investment trust that owns and leases rate-regulated assets, a 1.8% premium to Wednesday's closing price of $20.63. As part of the deal, a subsidiary of InfraREIT will exchange certain assets with Sharyland Utilities LP. After the deal closes, Oncor will own InfraREIT's electric transmission and distribution business in Central, North and West Texas and Sharyland will own assets in South Texas. Sempra Energy will acquire a 50% limited-partnership interest in Sharyland for $98 million. Sempra Energy affirmed its 2018 adjusted earnings per share guidance range of $5.30 to $5.80. Sempra Energy's stock has edged up 0.9% over the past three months, while InfraREIT shares have lost 4.0% and the S&P 500 has slipped 0.2%.
SAN DIEGO, Oct. 18, 2018 /PRNewswire/ -- Sempra Energy (SRE) and Oncor Electric Delivery Company LLC (Oncor) today announced that they have entered into agreements whereby Oncor will acquire 100 percent of the equity interests of InfraREIT, Inc. (HIFR) (InfraREIT), including all the limited-partnership units in its subsidiary InfraREIT Partners, LP, for approximately $1.275 billion, or $21 per share (or partnership unit), excluding certain transaction costs, and, concurrently, Sempra Energy will acquire a 50-percent limited-partnership interest in a holding company that will own Sharyland Utilities, LP (Sharyland) for approximately $98 million. Sempra Energy owns an approximate 80-percent ownership stake in Oncor.
NEW YORK, Oct. 12, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
SAN DIEGO, Oct. 12, 2018 /PRNewswire/ -- Sempra Energy (SRE) today announced that Cynthia L. Walker and Michael N. Mears have been appointed to the company's board of directors. Walker is senior vice president of marketing and midstream operations and development for Occidental Petroleum, where she also formerly served as executive vice president and chief financial officer. Mears currently is chairman, president and CEO of Magellan Midstream Partners LP.
PG&E (PCG) stock has an upside potential of 8.3% for the next 12 months based on analysts’ median target price of $52.57 and its current market price of $48.55.
Recently, PG&E (PCG) witnessed one of the highest implied volatility levels among its peers. On October 9, PG&E’s implied volatility was 36%—higher than its 15-day average. In comparison, broader utilities’ (XLU) implied volatility was ~13%. The implied volatility represents investors’ anxiety. Higher volatility is usually related to a fall in the stock prices and vice versa.
PG&E (PCG) is trading at a forward PE ratio of 12x—based on the estimated EPS in 2019. PG&E’s ratio is lower than its peers’ average forward PE ratio of 14x. Also, PG&E’s five-year historical PE ratio is ~20x.
On October 9, fire investigator Cal Fire said that PG&E’s (PCG) sagging power lines and heavy winds started the Cascade fire in October 2017. However, Cal Fire mentioned that it didn’t find any violations of the Public Resources Code. The Cascade fire in Yuba County destroyed 264 structures and claimed four lives. Cal Fire already said that PG&E was responsible for 16 other fires in 2017. The cause of the Tubbs fire, the most devastating fire, is still under investigation.
SAN DIEGO , Oct. 8, 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 third-quarter 2018 ...
Moody's Investors Service has downgraded the rating on MRP Generation Holdings, LLC's (MRP or Project) $270 million senior secured term loan B (approximately $265 million outstanding as of June 30, 2018) due in 2022 to B3 from B2, and also downgraded the rating on MRP's senior $20 million revolving credit facility due in 2021 to B2 from B1. Today's rating action reflects weaker than expected financial performance resulting in the Project drawing on its debt service reserve (DSR) to cover debt service, and heightened refinancing risk as the Project has not de-levered other than the required 1% debt amortization.
LOS ANGELES, Oct. 5, 2018 /PRNewswire/ -- In recognition of the third annual Energy Efficiency Day, Southern California Gas Co. (SoCalGas) today issued a reminder about smart thermostat and appliance rebates that give customers cash back while helping keep natural gas bills low. SoCalGas is among a growing network of advocates, companies, government agencies, utilities and others that will showcase the benefits of energy efficiency during the nationwide Energy Efficiency Day. SoCalGas also offered its customers tips about how to save energy and money during the upcoming home heating season.
EIA expects exports of both pipeline and liquefied natural gas from the United States to continue to increase. Therefore, the time is ripe to focus on U.S. stocks, which should benefit from growing exports of natural gas
Third annual conference, sponsored by SoCalGas, PG&E and Energy Vision, forecasts growth of biogas development in state LOS ANGELES , Oct. 2, 2018 /PRNewswire/ -- California's energy and biogas industry ...
The launch of a massive liquefied natural gas export project in Canada has finally fired the starting gun on a wave of plan approvals around the world, needed to avoid a supply crunch after 2020. Below ...
After last-minute negotiations over the weekend, Canada was able to join an agreement with the United States and Mexico to form the United States-Mexico-Canada Agreement (USMCA). One of the key weights for the Trump administration closing the final trade negotiations with Canada was the firm opposition of Mexico's incoming president, Andres Manuel Lopez Obrador , to NAFTA becoming only a two-nation trade deal due to the strong footprint that U.S. and Canadian companies have in the Mexican energy sector (upstream, midstream and power). Lopez Obrador had insisted on the trade agreement being a three-way deal and Mexico is sticking to its already-negotiated side of the agreement.
LOS ANGELES, Sept. 27, 2018 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today joined the Coalition for Clean Air (CCA), local elected officials, industry representatives, businesses, and community leaders at Union Station in Downtown Los Angeles to announce plans for California Clean Air Day, a multifaceted, statewide program built on the idea that shared experiences unite people to action to improve community health, taking place on Oct. 3, 2018. In celebration of Clean Air Day, SoCalGas has pledged to reduce its yearly use of air conditioning at each of the company's 60 work locations on an ongoing basis, starting on Oct. 3, 2018. In addition, more than 125 SoCalGas employees, so far, have taken the Clean Air Pledge, which includes actions like reducing car use by telecommuting, taking mass transit to work, biking, turning off lights, changing the filter in their car or home heater, planting trees, and encouraging friends and family members to take the pledge.
Sempra Energy (SRE) has a median target price of $124.60 compared to its current market price of $115.21, which indicates an upside potential of ~8% for the next 12 months. Morgan Stanley cut Sempra Energy’s target price from $121.0 to $120.0 last week.
Duke Energy Corp. says it is considering taking on a minority investor for its commercial renewables portfolio in a move that would raise capital for its growth plans.