Sempra
SRE: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$38.00 | Sdhxnxp | Sxgtmwj |
Sempra Energy Earnings: Capital Investment Increase Supports Long-Term Growth
We are maintaining our $79 per share fair value estimate after Sempra Energy announced full-year operating earnings of $4.61 per share, above management's earnings guidance range of $4.30 to $4.60 per share. Management narrowed 2024 earnings per share guidance to $4.60 to $4.90, a slight increase from the prior $4.55 to $4.90 range. Our estimate remains toward the high end of the range. The company's 6%-8% long-term annual earnings growth guidance range is in line with our 7% estimate.