#6 - Sempra (NYSE:SRE)
Sempra (NYSE: SRE) is another natural gas stock with a heavy focus on the LNG export market. However, the company is first and foremost a utility company. Many investors have faded utilities stocks for several years as stable, but unspectacular demand growth led investors to other opportunities.
However, with electricity demand expected to flourish through the remainder of the decade, it could be a good time for investors to get involved with a company like Sempra. One reason for the bullish sentiment is the company’s service area, which encompasses San Diego County, which analysts believe will have one of the strongest growth rates.
SRE stock is up 8.8% in 2024. That puts it within about 5% of the consensus price target. However, analysts (including Bank of America) have been raising their price targets. And investors get a safe, growing dividend that currently yields 3.05%.
About Sempra
Sempra operates as an energy infrastructure company in the United States and internationally. It operates through three segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. The Sempra California segment provides electric services; and natural gas services to San Diego County.
Read More - Current Price
- $94.69
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 10 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $89.00 (6.0% Downside)
