Sempra
SRE: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$63.00 | Cljtsd | Vnzxcpd |
Port Arthur Progressing Toward Positive Investment Decision; Sempra Reports Third-Quarter Earnings
We are maintaining our $146 per share fair value estimate for Sempra Energy after it reported third-quarter earnings of $1.97 per share, up from $1.70 in the same year-ago period. Management raised its full-year EPS guidance to $8.70-$9.00 from $8.10-$8.70. We plan to increase our full-year expectation, but the adjustment will not have a material effect on our fair value. Management reaffirmed its 2023 earnings guidance range of $8.60-$9.20. We expect the company to achieve at the high end of the range. The company reaffirmed its long-term earnings guidance range of 6% to 8%. Our narrow moat and stable moat trend ratings remain unchanged.