Sempra Energy Stock Price, News & Analysis

Oncor Electric Delivery Company CEO Allen Nye will participate in Sempra Energy's virtual Investor Day on June 29, 2021, at 12 p.m. ET. He will discuss Oncor's business strategy, operations, and financial outlook. Investors and media can access the live webcast via sempra.com, with presentation slides available beforehand. Oncor is a major electricity distribution and transmission provider in Texas, serving over 3.7 million customers and managing more than 139,000 miles of lines.

Sempra Energy (NYSE: SRE) will hold a virtual Investor Day on June 29, 2021, to discuss its business strategy, operational highlights, and financial outlook. The event will commence at 12 p.m. ET, with presentation slides available by 7 a.m. ET on the same day. Investors and the public can access the live webcast on Sempra's website. Sempra Energy, a leading energy infrastructure company in North America, serves over 36 million consumers and holds over $66 billion in assets, recognized for its sustainable practices and commitment to diversity.

Southern California Gas Co. (SoCalGas) has invested over $150,000 in energy efficiency upgrades for four affordable housing communities in North Hollywood and Van Nuys, benefiting more than 220 residents. This initiative, part of SoCalGas' Energy Savings Assistance program, aims to reduce energy use, costs, and enhance living conditions. SoCalGas is committed to achieving net zero greenhouse gas emissions by 2045. In the past five years, their efficiency programs have saved over $241 million on natural gas bills and reduced greenhouse gas emissions by 1.15 million metric tons.

Sempra Energy (NYSE: SRE) announced the final results of its exchange offer for outstanding shares of IEnova, which expired on May 24, 2021. Sempra offered 0.0323 shares of its common stock for each IEnova share. In total, 381,015,194 IEnova shares were tendered, allowing Sempra to issue 12,306,777 shares and increase its ownership in IEnova to 96.4%. The settlement is anticipated on May 28, 2021, coinciding with Sempra's debut on the Mexican Stock Exchange, enhancing its Sempra Infrastructure platform and signaling strong growth potential in energy infrastructure.

The board of directors of Southern California Gas Co. (SoCalGas) announced regular quarterly dividends for its preferred series stock, set at $0.375 per share. The dividends will be paid on July 15, 2021, to shareholders on record by June 10, 2021. SoCalGas, a subsidiary of Sempra Energy (SRE), serves 21.8 million consumers across 24,000 square miles in California, emphasizing its commitment to affordable and clean energy. This includes a goal of achieving net-zero greenhouse gas emissions by 2045 and investing nearly $7.5 billion over five years for infrastructure upgrades.

Sempra Energy (SRE) reported Q1 2021 earnings of $874 million, or $2.87 per share, up from $760 million, or $2.53 per share, in Q1 2020. Adjusted earnings rose to $900 million ($2.95 per share) from $741 million ($2.47 per share). The firm emphasized its focus on utilities and safety improvements. Sempra aims for net-zero GHG emissions by 2045 and is advancing its capital plans, particularly through Oncor. The company updated its 2021 GAAP EPS guidance to a range of $7.42 to $8.02, affirming adjusted EPS guidance of $7.50 to $8.10.

On April 27, 2021, Southern California Gas Co. (SoCalGas) announced a $200,000 funding commitment to Zero Emission Industries for a hydrogen fuel cell technology project aimed at transforming small commercial marine vessels. This initiative aligns with California's climate goals by reducing greenhouse gas emissions from over 1 million vessels predominantly under 40 feet long. The project will test a modified commercial boat with a hydrogen powertrain for six months in the San Francisco Bay and Long Beach, showcasing SoCalGas's pledge for net-zero emissions by 2045.