ADVFN - Advanced Financial Network.
HOME» NYSE » S » SRE Stock Price » SRE Stock News

Sempra Share News

 Sempra Energy Stock Price
SRE Stock Price
 Sempra Energy Stock Chart
SRE Stock Chart
 Sempra Energy Stock News
SRE Stock News
 Sempra Energy Company Information
SRE Company Information
 Sempra Energy Stock Trades
SRE Stock Trades

Sempra Energy 4Q Profit Up 3.9%; Dividend Raised 25%

DOW JONES NEWSWIRES Sempra Energy's (SRE) fourth-quarter earnings rose 3.9% as the natural-gas distributor and market posted strong growth at its San Diego Gas & Electric utility and the company's pipelines and storage segment. The company's board approved a 25% increase in the quarterly dividend, raising it to 60 cents a share, up by 12 cents a share. The increased payout is estimated to cost Sempra an additional $116 million a year. For the year, the company projected per-share earnings of $4 to $4.30, reflecting changes in how it accounts for its solar-generation projects. Analysts polled by Thomson Reuters recently expected $4.46. Sempra, which owns electric and natural-gas utilities in California, as well as gas pipelines and storage facilities and gas export terminals in the U.S. and Mexico, has been expanding into the wholesale solar-power and wind-power markets. The San Diego-based company's Cameron LNG recently was authorized to export liquefied natural-gas, to countries that have free-trade agreements with the U.S. Domestic natural gas producers are hoping to sell the commodity overseas, where it can command much higher prices than in the U.S. Sempra reported a profit of $294 million, or $1.21 a share, up from $283 million, or $1.15 a share, a year earlier. Analysts polled by Thomson Reuters most recently projected earnings of $1.06. Revenue increased 11% to $2.6 billion. San Diego Gas & Electric posted a 50% rise in earnings, due primarily to a favorable resolution of regulatory matters, earnings from construction projects in progress and higher authorized margins. Southern California Gas Co. earnings rose 6.8%. Sempra Pipelines and Storage earnings were up 79%, with a boost from the acquisition of the controlling interest in two South American utilities in April 2011. Sempra Generation swung to a segment loss of $6 million from year-earlier earnings of $43 million, mostly owing to the expiration of a 10-year California Department of Water Resources power-supply contract in September. Shares were up 2% at $59.07 in recent premarket trading. -By Tess Stynes, Dow Jones Newswires; 212-416-2481;

Stock News for Sempra (SRE)
10/02/201516:19:51Statement of Changes in Beneficial Ownership (4)
10/02/201516:19:27Statement of Changes in Beneficial Ownership (4)
10/02/201516:18:34Statement of Changes in Beneficial Ownership (4)
10/02/201516:18:08Statement of Changes in Beneficial Ownership (4)
10/02/201516:17:43Statement of Changes in Beneficial Ownership (4)
10/02/201516:16:48Statement of Changes in Beneficial Ownership (4)
10/02/201516:15:55Statement of Changes in Beneficial Ownership (4)
10/02/201516:15:03Statement of Changes in Beneficial Ownership (4)
10/02/201516:13:44Statement of Changes in Beneficial Ownership (4)
10/02/201516:12:52Statement of Changes in Beneficial Ownership (4)
10/02/201516:12:01Statement of Changes in Beneficial Ownership (4)
09/30/201519:12:00Natural Gas Pipeline Proposal To Enhance System Safety And Reliability
09/29/201516:23:51Initial Statement of Beneficial Ownership (3)
09/25/201517:46:00SDG&E Asks CPUC For Approval To Add Some 2007 Wildfire Costs...
09/23/201512:00:00SoCalGas and City of Monterey Park Launch New Compressed Natural...
09/16/201510:00:00Sempra Energy Named To Dow Jones Sustainability Indices
09/15/201516:41:16Statement of Changes in Beneficial Ownership (4)
09/15/201516:40:23Statement of Changes in Beneficial Ownership (4)
09/14/201511:00:00Sempra U.S. Gas & Power Announces Expansion of Arizona Solar...
09/14/201509:14:33Current Report Filing (8-k)

Sempra Energy and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations