Report
Andrew Bischof, CFA, CPA
EUR 101.80 For Business Accounts Only

Oncor transaction gives Sempra a foothold in high-growth Texas.

We are maintaining our $112 per share fair value estimate and stable, narrow moat ratings for Sempra Energy after the company reported full-year 2017 ongoing earnings per share of $5.42 compared with $5.05 in the same year-ago period. Management reaffirmed 2018 ongoing earnings guidance of $5.30 to $5.80, consistent with our $5.54 estimate. Sempra will increase its dividend 9% for 2018. We forecast continued dividend increases of 9% through 2019, then 13% increases in 2020 and 2021 as Cameron co...
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Andrew Bischof, CFA, CPA

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