Comparing Institutional Investors’ Positions in Sempra Energy
Sempra Energy Sempra Energy (SRE) became California’s biggest utility by market capitalization after PG&E’s (PCG) epic fall last month. The Vanguard Group, which holds 7.2% of Sempra Energy’s outstanding shares, added 0.34 million shares in 3Q17. At the end of September 30, 2017, Vanguard held 18.1 million Sempra Energy shares. According to a recent report, […]
PPL’s UK Segment’s Earnings Improved in 2015
PPL has utility operations spread over the eastern United States and the United Kingdom. It derives more than half of its earnings from its UK operations.
Strong Dollar Will Likely Drag AES Corporation’s 4Q15 Numbers
In 4Q15, AES Corporation is expected to report earnings of $0.33 per share in 4Q15—compared to earnings of $0.41 per share in 4Q14.
Cheniere Energy Partners: Wall Street Recommendations ahead of Q2
We’ll take a look at recent recommendations that brokers have provided for Cheniere Energy Partners (CQP) ahead of its 2Q15 earnings release on July 29.
Analyzing Sempra Energy’s Leverage Trends
At the end of the fourth quarter of 2018, Sempra Energy (SRE) had a net debt of $25.2 billion.
Sempra Energy’s Current Valuation and Dividend Profile
Sempra Energy (SRE) stock appears to be trading at a fair premium. On October 31, 2017, it was trading at an EV-to-EBITDA valuation multiple of 15.4x.
Will AES’s Unstable Earnings Even out Soon?
AES’s management forecasts an 18% fall in EPS (earnings per share) this year due to currency fluctuations and weaker power prices globally.
These Big Utilities Are Paying Higher Dividends Now
Sempra Energy paid annual dividends totaling $3.02 per share in 2016, while EIX and PCG paid per-share dividends of $1.98 and $1.93, respectively, in 2016.
Comparing Sempra Energy and Edison International’s Leverage
At the end of the third quarter, Sempra Energy’s net debt-to-EBITDA ratio was 6.7x—higher than its historical average of ~5x.
AES Lowers Guidance amid Strong Dollar, Brazil’s Woes
AES’s (AES) management has lowered its adjusted earnings guidance by $0.10, from $1.05 per share to $0.95 per share for 2016.
Where Does PG&E Stand from a Valuation Perspective?
All California utilities, including PG&E Corporation, Edison International, and Sempra Energy, have outperformed utilities at large in the last year.
How Are California Utilities Positioned for the Future?
Currently, three major utility holding companies operate in California—PG&E (PCG), Sempra Energy (SRE), and Edison International (EIX).
An Overview of US LNG Production and Exports
Investors may be seeing a lot of reports about rising US LNG (liquefied natural gas) exports. Let’s review the basics of LNG.
How PG&E Stock Fared against Its Peers So Far This Year
PG&E (PCG) stock has rallied approximately 14.0%, while peers Edison International (EIX) and Sempra Energy (SRE) have risen 8.0% and 13.0%, respectively, year-to-date.
SRE, PCG, and EIX: Analysts’ Views, Outlook, and Price Targets
According to Wall Street analysts’ consensus, Sempra Energy (SRE) has a price target of $119.77, which implies an estimated gain of ~1% going forward.
Dominion Energy or Sempra Energy: Which Could Be Stronger?
Dominion Energy (D) announced its agreement to buy SCANA (SCG) on January 3, 2017. The deal is expected to accelerate Dominion Energy’s earnings growth.
Analyst Ratings and Price Targets for PG&E Stock
PG&E (PCG) has an upside potential of 7% going forward. It has a mean price target of $48.07 against its current market price of $44.70.
Sempra Energy and Edison International’s Dividend Yield
Currently, Edison International (EIX) offers a dividend yield of 4.3%, which is much higher than its five-year average.
SRE, PCG, and EIX: California Utilities’ Total Returns
In the last five years, Sempra Energy returned more than 9%, while Edison International and PG&E returned 11.5% and 7% compounded annually.
Sempra Energy Beat Berkshire Hathaway in a Bid to Buy Oncor
On August 20, 2017, California-based Sempra Energy declared its agreement to buy Texas-based Oncor Electric from Energy Future Holdings for $9.45 billion.
Sempra Energy’s Debt Profile before the Oncor Deal
Sempra Energy is expected to fund the $9.45 billion Oncor acquisition using its own debt and equity as well as third-party equity.
Tracking Institutional Investment in Sempra Energy in 4Q17
Sempra Energy (SRE) became the largest utility by market capitalization in California after PG&E’s (PCG) steep fall in 4Q17.
SRE, PCG, and EIX: A Look at Analyst Views and Price Targets
According to the Wall Street analyst consensus, Sempra Energy (SRE) stock has a mean price target of $119.3 against its current market price of $112.9.
PG&E: Recent Developments and Chart Indicators
On December 13, PG&E (PCG) filed its 2020 general rate case with the California Public Utilities Commission.
Where Sempra Energy Stock Might Go from Here
Currently, Sempra Energy (SRE) stock is trading at $114.3, nearly 1% below its 50-day moving average and 3% above its 200-day moving average levels.
How Exelon Stock Responded to 3Q17 Earnings
Exelon (EXC) stock rose 1.4% and reached a 52-week high of $40.81 after the release of its third quarter earnings on November 2, 2017.
Is Sempra Energy the Smart Pick of 2018?
California-based Sempra Energy (SRE) has emerged as the largest utility by market cap in the state after PG&E Corporation’s (PCG) wildfire fiasco.
Which SPX Utility Has the Most Alarming Leverage?
At the end of 2Q17, PG&E had a total debt of $18.5 billion, while Sempra Energy had total debt of $18.1 billion. Its debt might increase going forward.
NRG, SRE, AWK, and EIX: Utility Stocks with Strong Upside Potential
Analysts have given NRG Energy a median target price of $44.5, which implies an ~14% upside potential compared to its current price of $39.0.
Analyzing PPL Corporation’s Return on Equity
PPL’s adjusted return on equity usually stays above its US regulated utility peers’ average. It earns higher ROE from its United Kingdom regulated segment.
PG&E Stock Fell 13% after Dividend Suspension
PG&E (PCG) stock fell a huge 13% on December 21. The utility suspended its 4Q17 dividend amid mounting uncertainties related to its liabilities linked to the fires in the state.
Is PG&E’s Discounted Valuation an Opportunity?
PG&E is trading at an EV-to-EBITDA valuation multiple of 7.5x—lower than utilities’ average valuation of 11x. Its five-year historical average is near 9x.
Which Utility Stocks Might Be a Good Bargain?
Sempra Energy (SRE), the largest utility by market cap in California, is trading at a forward PE ratio above 18x based on the EPS estimates for 2019.
How Institutional Investors Played Out Sempra Energy in Q3 2018
All the top institutional investors raised their stakes in Sempra Energy (SRE), California’s biggest utility by market cap, in the third quarter.
Why gas price is connected to liquefied natural gas exports
Increases in LNG trade would help bring world natural gas prices closer together.
What SRE, PCG, and EIX’s Chart Indicators Mean
Edison International (EIX) is trading 1% and 4% above its 50-day and 200-day moving averages, respectively. Levels near $79.0 might act as a support.
PG&E Stock: Are Analysts Cautious?
Among the 16 analysts covering PG&E, eight recommended a “hold,” four recommended a “buy,” and four recommended a “strong buy.”
Analysts Expect a Handsome Upside for Sempra Energy in 2017
According to analysts’ estimates, Sempra Energy has a median price target of $114.57 compared with its current market price of $101.67.
Long-Term US Natural Gas Demand Outlook Is Positive for KMI
KMI believes that in addition to the increase in demand for natural gas transportation, there are strong drivers to increase gas storage demand.
Utility Stocks: Analyzing Returns and Implied Volatilities
PPL rose the least in the past year among the list of low implied volatility utility stocks. It announced its 4Q16 financial results on February 1.
Analysts’ Views on PG&E Stock Changed Recently
According to Wall Street analysts, PG&E (PCG) stock has a mean target price of $65.85—compared to its current market price of $55.83.
PG&E Stock Rose ~20% Last Week
PG&E stock rose almost 20% last week after Governor Newsom suggested having a wildfire fund in order to finance wildfire-related liabilities.
Current and upcoming liquefied natural gas export facilities
On June 19, 2014, Sempra Energy (SRE) received the approval from the FERC to build an export terminal for liquefied natural gas.
Why SRE, PCG, and EIX Yield Lower
Currently, XLU is trading at a dividend yield of 3.5%, while Sempra Energy (SRE) and Edison International (EIX) offer yields below 3%. PG&E yields 3.1%.
Behind AES Corporation’s Price Targets and Analyst Views
Analysts see upside potential of 12% in AES Corporation (AES) stock from its current levels.
Which Utility Stocks Received a Higher Target Price Last Week?
Exelon (EXC) has a median target price of $49.9 for the next 12 months. UBS raised Exelon’s target price from $53.0 to $56.0 last week.
Where Could Sempra Energy Stock Go from Here?
Sempra Energy stock rose 1.6% and hit an all-time high of $118.78 after the news of Oncor’s acquisition. It has risen nearly 10% in the last 12 months.
How the Dividend Profiles of Top California Utilities Stack Up
Currently, Edison International (EIX) offers the highest among California utilities.
Sempra Energy and Edison International’s Current Valuations
Sempra Energy is currently trading at a forward PE ratio above 19x based on analysts’ earnings estimates for the next 12 months.
Would Warren Buffett Consider an Ailing Elephant?
Rumors of Warren Buffett buying into Boeing (NYSE:BA) have filled the air this week. The legendary investor’s interest in airline stocks is well known.
More Volatility Ahead for PG&E Stock?
PG&E will exit Chapter 11 bankruptcy by the end of June. The stock might continue to be volatile in trading as this deadline nears amid uncertainties.
What’s in Store for PG&E and Its Investors in 2020?
This year is going to be crucial for PG&E (PCG) and its investors. The utility has a deadline of June 30, 2020, to exit Chapter 11 bankruptcy.
PG&E Endures Blackouts, Bankruptcy, and Volatile Stock
On Thursday, PG&E’s chairman, Bill Johnson, said that preventive power shutoffs could continue for at least five more years.
PG&E Troubles Keep Mounting after Key Settlement
Recently, uncertainty continued to pour in for PG&E (PCG). The bankruptcy court judge approved the company’s $13.5 billion settlement with wildfire victims.
PG&E Faces Moment of Truth, Newsom Rejects Plan
California Governor Gavin Newsom rejected PG&E’s (PCG) reorganization plan on December 13. The rejection is a huge setback for the company.
What’s Next for PG&E as Creditors Play the Newsom Card
Creditors have lobbied California governor Gavin Newson to reject PG&E’s recent $13.5 billion settlement with wildfire victims.
PG&E’s Settlement with Wildfire Victims Is a Big Win
Last week, PG&E reached a settlement to resolve individual claims associated with wildfires in the last few years. The agreement is valued at $13.5 billion.
Warren Buffett Has Loads of Cash and No Takers
Berkshire Hathaway’s huge cash pile might stay in place for a while. Warren Buffett was outbid by Apollo Global Management in his efforts to buy Tech Data.
PG&E Stock: Has Santa Claus Come Early This Year?
Recently, PG&E stock continued to rise. The stock has gained in seven of the last eight trading sessions. Collectively, the stock has risen more than 30%.
PG&E: Short Interest, Volatility, and Chart Indicators
Bankrupt utility PG&E Corporation (PCG) stock started December off on a positive note, gaining more than 5% on December 2.
PG&E Gets Hate, but California Blackouts Did Their Job
PG&E was strongly criticized for its preemptive blackouts this season, but according to the company, the blackouts prevented significant damage.
PG&E Gets No Respite from Inverse Condemnation
Yesterday, a judge denied PG&E’s plea to reduce its current wildfire liability by dodging inverse condemnation, according to the San Francisco Chronicle.
Utility Stocks: Analyzing the Top Gainers in 2019
Investors keep turning to defensives this year amid uncertainties in the broader markets. Some of the top utility stocks have outperformed their peers at large.
Why the LNG export opportunity is important for Dominion
Energy demand is rising in many Asian countries. Not only is natural gas inexpensive, it’s also one of the cleanest energy sources. This creates a huge opportunity for U.S. companies.
Why Dominion commands a premium
Dominion (D) trades at a premium compared to its competitors in the power utility industry. Most of the premium can be attributed to its growth prospects.
PG&E Continues to Burn amid Wildfires and Blackouts
While PG&E Corporation (PCG) continues to tackle deadly wildfires and preemptive blackouts, it’s also readying for a major winter storm this week.
Where PG&E Stock Might Go amid Mounting Woes
PG&E’s (PGE) troubles continue to mount every day. The bankrupt utility needs to raise a total of $12 billion by December 6 to fund its restructuring plan.
PG&E: Institutional Buying, Volatile Stock, and Blackouts
PG&E (PCG) shares rose 15% last week. While the utility’s troubles continue to mount, the stock’s large swings haven’t stopped.
PG&E Stock Continues to Soar, Bears Run for Cover
The wild swings continued in PG&E stock yesterday. The stock gained another 13%. The company has come up with a compensation plan for wildfire victims.
How PG&E Stock Could Trade as Troubles Multiply
PG&E reported a net loss of $1.6 billion during Q3, mainly driven by $2.5 billion pretax charges for claims related to the 2017 and 2018 wildfires.
Where PG&E Stock Might Go amid Interest from Mayors
PG&E gained for the sixth straight day amid increased uncertainty. The stock has gained more than 80% during this period and closed at $8 on Tuesday.
PG&E Stock Marches Higher amid Uncertainty
PG&E stock rose about 9% today at 10:00 AM ET. Shares of the bankrupt utility fell more than 65% following California’s recent wildfires and power shutoffs.
Could PG&E Be Warren Buffett’s Next Elephant?
Last week, in an interview, California Governor Gavin Newsom proposed that Warren Buffett bid for PG&E Corporation (PCG).
PG&E: As Wildfires Rage On, Investors Get Burned
PG&E has disclosed one of its transmission lines malfunctioned just before the Kincade Fire broke out, prompting its stock to fall more than 30% on Friday.
S&P 500 Utilities Stocks with Maximum Upside Potential
PG&E (PCG) stock offers a handsome upside potential of 71% going forward. Wall Street analysts have given it a median target price of $40.2.
Edison International: Analysts’ Recommendations
Edison International has a mean target price of $71.5—compared to its current market price of $60.3.
Where PG&E Stock Might Go from Here
There was significant downward pressure on PG&E (PCG) stock in January before it filed for Chapter 11 bankruptcy protection.
Sempra Energy’s Total Returns and Outlook
Sempra Energy (SRE), including dividends, returned more than 18%, while broader utilities (XLU) returned 17% in the last 12 months.
Comparing Sempra Energy’s Dividend Profile with Its Peers
Currently, Sempra Energy (SRE) stock offers a dividend yield of 3%, which is in line with the industry average.
Why Sempra Energy Looks Strong Ahead
Sempra Energy intends to invest ~$25 billion for the next five years, which is expected to grow its rate base ~9% compounded annually through 2023.
How’s Sempra Energy Placed Compared to Its Peers?
Sempra Energy (SRE) stock has shown a decent uptrend. Currently, the stock is trading at its all-time high.
What’s Next for PG&E Corporation Stock?
According to Reuters, PG&E (PCG) won a court approval on March 27 for a $5.5 billion loan to help keep up its electric and gas delivery operations.
AEP, EXC, and Other Utilities: Analysts’ Views and Price Targets
In this series, we’ll take a look at what Wall Street analysts currently think of some of the big utility names.
Is There Any Steam Left in Top Utility Gainers of 2019?
AES Corporation (AES) stock, the top gainer of 2019, offers an estimated gain of just 0.5% for the next 12 months based on analysts’ target price of $17.8.
AEP, SRE, and EXC: Q4 Institutional Activity in Top Utilities
In this part of our series, we’ll discuss the institutional ownership in the top utility stocks during the fourth quarter.
PPL, SRE, and XEL: Analyzing Utilities’ Current Valuation
PPL (PPL) is trading at a forward PE ratio of 13x based on analysts’ EPS estimates for 2019. PPL appears to be trading at a discounted valuation.
Where SRE and EIX Stock Could Go from Here
So far, Sempra Energy (SRE) stock has risen almost 10% in 2019. Currently, Sempra Energy is trading at $117.1.
Total Returns: Comparing Sempra Energy and Edison International
Sempra Energy (SRE) and Edison International (EIX) underperformed their peers in the last few years in terms of total returns.
Sempra Energy or Edison International: Which Could Emerge Strong?
Edison International stock has lost ~20% in the last three months since the deadly wildfires in November.
Sempra Energy Stock Offers an Attractive Upside Potential
Sempra Energy has a median target price of $126.6 compared to its current market price of $111.8.
Sempra Energy’s Valuation Compared to Its Peers
Sempra Energy (SRE), the largest utility stock by market cap in California, is trading at a forward PE ratio above 19x.
How PG&E’s California Utility Stocks Are Valued
PG&E (PCG) has lost almost $11 billion of its market capitalization over the past month. PG&E stock is trading at a notable discount.
Sempra Energy Has Outperformed Peers
Sempra Energy (SRE), California’s largest utility by market capitalization, has stayed strong in the stock market while other California utilities have tumbled due to recent wildfires.
PG&E’s Valuation Compared to Its Peers
PG&E stock is trading at a forward PE multiple of 7x based on analysts’ estimated earnings for the next year.
PG&E Stock Fell 34% in Two Days Due to the Wildfires
PG&E stock has lost more than 34% in the last two trading sessions. Rampant wildfires have caused record damages in northern California.
What PG&E’s Implied Volatility Trends Indicate
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%.
PG&E Stock: Is the Valuation Attractive?
PG&E 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.
Will PG&E Continue to Trade Strong after the Cascade Fire?
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.
Will Sempra Energy Stock Continue to Rise?
On September 18, Sempra Energy announced a cooperation agreement with its activist shareholders Elliott Management and Bluescape Energy Partners.
Sempra Energy’s Main Institutional Investor Sold 4 Million Shares
T. Rowe Price, Sempra Energy’s (SRE) largest institutional investor, sold 4 million SRE shares in the first quarter.