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Sempra SRE

Morningstar Rating
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Stock XNYS Rating as of
$77.17 +1.03 (1.36%)
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As of Cboe BZX Real-Time Price Closed
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Company Report

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Sempra Energy Earnings: Texas Continues to Drive Incremental Growth Opportunities

Andrew Bischof

We are maintaining our $79 per share fair value estimate after Sempra Energy announced first quarter operating earnings of $1.34 per share, down from $1.46 in the same year ago period. Management reaffirmed 2024 earnings per share guidance of $4.60 to $4.90 and 2025 earnings guidance of $4.90 to $5.25 per share. Both are in line with our estimate. The company's 6%-8% long-term annual earnings growth guidance range is in line with our 7.5% estimate.

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Price vs Fair Value

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SRE is trading within a range we consider fairly valued.
Price
$76.17
Fair Value
$54.00
Uncertainty
Medium
1-Star Price
$593.25
5-Star Price
$57.20
Economic Moat
Rjpvh
Capital Allocation
Vplcmsk

Bulls Say, Bears Say

Bulls

Opportunities for rate base growth at Sempra's utilities are above average, and California and Texas regulation generally allows timely recovery of capital expenditures and a dynamic cost of capital.

Bears

Sempra's nonregulated businesses bring increased risk. Income investors looking for low-risk dividends may find less appeal than from pure-play regulated utilities.

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News

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Trading Information

Previous Close Price
$76.14
Day Range
$75.92–77.37
52-Week Range
$63.76–77.92
Bid/Ask
$70.82 / $77.77
Market Cap
$48.84 Bil
Volume/Avg
4.3 Mil / 3.1 Mil

Key Statistics

Price/Earnings (Normalized)
16.96
Price/Sales
3.50
Dividend Yield (Trailing)
3.16%
Dividend Yield (Forward)
3.26%
Total Yield
3.20%

Company Profile

Sempra Energy serves one of the largest utility customer bases in the United States. It distributes natural gas and electricity in Southern California and owns 80% of Oncor, a transmission and distribution business in Texas. SoCalGas and San Diego Gas & Electric distribute gas to more than 20 million customers, while Oncor serves more than 10 million Texas customers. Sempra Infrastructure partners, of which Sempra holds a controlling ownership, owns and operates liquefied natural gas facilities in North America and infrastructure in Mexico.
Sector
Utilities
Industry
Utilities - Diversified
Stock Style Box
Mid Value
Total Number of Employees
16,835
Website
https://www.sempra.com

Competitors

Valuation

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Metric
SRE
EIX
AEP
Price/Earnings (Normalized)
 16.9615.3816.84
Price/Book Value
 1.712.101.86
Price/Sales
 3.501.732.46
Price/Cash Flow
 9.217.817.65
Price/Earnings
SRE
EIX
AEP

Financial Strength

Metric
SRE
EIX
AEP
Quick Ratio
 0.370.460.27
Current Ratio
 0.621.000.54
Interest Coverage
 2.481.472.45
Quick Ratio
SRE
EIX
AEP

Profitability

Metric
SRE
EIX
AEP
Return on Assets (Normalized)
 3.54%1.19%2.96%
Return on Equity (Normalized)
 10.98%7.02%11.46%
Return on Invested Capital (Normalized)
 6.23%3.94%6.24%
Return on Assets
SRE
EIX
AEP
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