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SRE

Sempra Energy

$105.06

0.6 (0.57%)

19:52
10/18/16
10/18
19:52
10/18/16
19:52

U.S. task force recommends tighter regulations after Aliso Canyon gas leak

The Interagency Task Force on Natural Gas Storage Safety, which was established after the natural gas leak at SoCalGas' Aliso Canyon facility, issued a report intended to reduce the risk of future incidents through several dozen recommendations for industry, federal, state, and local regulators and governments. In particular, the report recommends that facility operators phase out "single point of failure" designs, and also recommends that operators conduct risk assessments, develop and implement transition plans to address high-risk infrastructure, and apply "robust" procedures to maintain safety and reliability while the transition to modern well design standards is occurring. Reference Link

SRE Sempra Energy
$105.06

0.6 (0.57%)

01/08/16
WELS
01/08/16
NO CHANGE
WELS
Sempra Energy weakness overdone, says Wells Fargo
After California's governor declared a state of emergency over a gas leak involving Sempra's Southern California Gas Company,Wells Fargo believes that the decline in Sempra's stock following the incident is overdone. The firm thinks the stock "could continue to languish in the near-term," but it says that the shares have reached an attractive entry point for longer term investors. Wells cut its price target on the name to $100-$106 from $107-$113 and keeps an Outperform rating on the shares.
05/06/16
BARD
05/06/16
UPGRADE
Target $30
BARD
Outperform
Tallgrass Energy GP upgraded to Outperform at Baird
As reported previously, Baird upgraded Tallgrass Energy GP (TEGP) to Outperform from Neutral. The firm cited benefits from Tallgrass Energy's (TEP) acquisition of Sempra's (SRE) interest in REX and its revised estimates upon completion of the deal in Q2. Baird raised its price target to $30 from $21 on Tallgrass Energy GP shares.
06/06/16
GSCO
06/06/16
DOWNGRADE
GSCO
Neutral
Sempra Energy downgraded to Neutral from Conviction Buy at Goldman
Goldman analysts led by Michael Lapides downgraded Sempra Energy to Neutral from Conviction Buy. The anlayst lowered estimates to reflect the sale of its stake in the Rockies Express pipeline, few Mexican project awards, foreign exchange impacts on South American units, and slight changes in US utility earnings power. Lapides lowered his price target on Sempra shares to $108 from $110.

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