Sempra Energy Stock Price, News & Analysis

On October 7, 2020, Southern California Gas Co. (SoCalGas) marked Energy Efficiency Day by highlighting its energy-saving programs aimed at reducing greenhouse gas emissions. In the past five years, these initiatives saved over 208 million therms of energy—equivalent to the natural gas consumption of 127,000 households annually—resulting in more than $229 million in savings for customers. SoCalGas also announced a 50% increase in rebates for energy-efficient appliances, valid until year-end, and offers the Energy Savings Assistance program to help improve energy efficiency in homes.

On October 1, 2020, Southern California Gas Co. (SoCalGas) announced a $25,000 sponsorship of The Midnight Mission's Banquet of Hope event, intended to support individuals experiencing homelessness. This funding will provide over 26,315 meals, addressing critical needs in Los Angeles. SoCalGas has committed significant resources to community support, including over $2.74 million for COVID-19 recovery efforts. With a long history of volunteering and monetary contributions, SoCalGas aims to play a vital role in combating homelessness in Southern California.

Sempra Energy's Mexican subsidiary, IEnova, is set to release its third-quarter 2020 earnings on October 21 at 6 p.m. ET. This will be followed by a conference call on October 22 at 11 a.m. ET. Investors can access the briefing materials on IEnova's website. As of year-end 2019, IEnova employed 1,300 individuals and held approximately $9.6 billion in total assets, standing as one of Mexico's largest private energy firms, while Sempra Energy's total assets exceeded $60 billion.

Southern California Gas Co. (SoCalGas) has announced a 50% increase in rebates on energy-efficient appliances until December 31, 2020. This initiative aims to help customers reduce their energy bills as they face financial difficulty during the pandemic. Rebate amounts can reach up to $600 for select water heaters and $500 for fireplaces. Notably, over 1.1 million metric tons of greenhouse gas emissions were avoided due to past energy efficiency programs, saving customers $229 million on bills. SoCalGas continues to support environmental goals while assisting customers with financial relief.

Sempra Energy (NYSE: SRE) will participate in a virtual closing bell ceremony at the New York Stock Exchange on Sept. 3, 2020. Chairman and CEO Jeffrey W. Martin and seven employees will be recognized as part of the NYSE's Gratitude Campaign, honoring essential workers during the COVID-19 pandemic. The event emphasizes Sempra's commitment to safety and essential energy services for over 35 million consumers, including hospitals and first responders. The ceremony begins at 3:59 p.m. Eastern Time and can be viewed live on the NYSE website.

Sempra Energy (NYSE: SRE) appointed Manuela "Nelly" Molina as vice president of investor relations. Molina, previously CFO of IEnova, has a proven track record in corporate finance, managing $10.1 billion in financing initiatives since 2013. Recognized as a leading CFO in Latin America, she is set to enhance Sempra's communication with investors. Faisel Khan will transition to chief financial officer for Sempra LNG on October 3, 2020, allowing Molina to take over the investor relations team. Sempra aims to be a premier energy infrastructure company in North America.

SoCalGas has launched a virtual enrollment option for its Energy Savings Assistance Program, enabling customers to receive an average of $705 in energy-efficient home upgrades at no cost. This initiative, aimed at improving safety and comfort, aligns with social distancing measures during the COVID-19 pandemic. The program has assisted over one million customers to date. Eligible participants must be enrolled in a qualifying public assistance program or meet income qualifications. SoCalGas reports significant energy savings, reducing natural gas use by 208 million therms from 2015 to 2019.

Sempra Energy (NYSE: SRE) has declared a $1.045 quarterly dividend on its common stock, payable on Oct. 15, 2020, to shareholders of record by Sept. 25, 2020. Additionally, quarterly dividends on various series of preferred stock have been announced: $1.50 on Series A, $1.6875 on Series B, and $15.7083 on Series C, all payable on Oct. 15, 2020. Sempra Energy aims to be North America's leading energy infrastructure company, operating in key markets with over $60 billion in assets and supporting over 35 million customers.