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SRE

Sempra Energy

$113.35

0.82 (0.73%)

14:56
06/21/18
06/21
14:56
06/21/18
14:56

Sempra Energy to defend strategy, push back against activists, Dealreporter says

Sempra Energy was caught off guard when Elliott Management and Bluescape Resources released a public letter to kick off their activist campaign and the utility owner has plans to come out "strongly in defense of its current strategy" and push back against the activists at its investor day next week, sources tell Dealreporter, according to contacts.

SRE Sempra Energy
$113.35

0.82 (0.73%)

05/21/18
ARGS
05/21/18
UPGRADE
Target $119
ARGS
Buy
Sempra Energy upgraded to Buy at Argus on 'strong growth prospects'
As reported earlier, Argus analyst Jacob Kilstein upgraded Sempra Energy to Buy from Hold with a $119 price target, citing anticipated earnings accretion from the recent purchase of a majority stake in Oncor, favorable regulations, and the growing base rate at its California utilities. The analyst also points to Sempra Energy's "above-peer-average sales, margins, and earnings" along with its prospects for continued strong growth, stating that this profile justified the premium 18.7-times FY18 EPS estimate valuation on the stock vs. 17.3-times for comparable utilities. Kilstein adds that his dividend discount model anticipates accelerated dividend payouts once the exports of LNG commence.
05/21/18
05/21/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Snap (SNAP) upgraded to Neutral from Sell at MoffettNathanson. 2. ProsHoldings (PROS) upgraded to Outperform from Market Perform at Northland with analyst Tim Klasell citing last week's annual user conference and analyst meetings. 3. Ctrip (CTRP) upgraded to Buy from Hold at TH Data Capital with analyst Tian Hou saying the company's business has "already stabilized and is on its way to recovery." 4. Sempra Energy (SRE) upgraded to Buy from Hold at Argus with analyst Jacob Kilstein citing anticipated earnings accretion from the recent purchase of a majority stake in Oncor, favorable regulations, and the growing base rate at its California utilities. 5. Dillard's (DDS) upgraded to Buy from Underperform at BofA/Merrill with analyst Heather Balsky saying she expects improved consumer sentiment, especially in the energy market, to support positive comps and drive multiple expansion. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/12/18
WELS
06/12/18
DOWNGRADE
WELS
Market Perform
Sempra Energy downgraded to Market Perform from Outperform at Wells Fargo
06/12/18
06/12/18
DOWNGRADE
Target $123

Market Perform
Sempra Energy downgraded to Market Perform at Wells Fargo
As previously reported, Wells Fargo analyst Sarah Akers downgraded Sempra Energy to Market Perform from Outperform, citing balanced risk/reward following activist-driven pop. While the analyst sees opportunities to unlock value via effective capital allocation and new growth ventures, she would not argue for multiple expansion at this point given below average credit metrics and ongoing risks. Akers also raised her price target on the stock to $123 from $118.

TODAY'S FREE FLY STORIES

14:30
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More dollar index slippage and yield rises »

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$0.00

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$NSD

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$0.00

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$NYE

NYSE Market Internals

$0.00

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RS

Reliance Steel

$91.30

0.24 (0.26%)

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Options
Call buyers in Reliant Steel ahead of earnings next week »

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  • 26

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$280.04

0.09 (0.03%)

14:08
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General news
Trump worried Fed will hike rates twice this year, CNBC reports 

Reference Link

SPX

S&P 500

$0.00

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SPY

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$280.04

0.09 (0.03%)

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14:05
07/20/18
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Action Economics Survey results: »

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SWN

Southwestern Energy

$5.36

-0.005 (-0.09%)

13:55
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13:55
Options
Southwestern Energy put volume heavy and directionally bearish »

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  • 03

    Aug

13:55
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07/20
13:55
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13:55
General news
Treasury Curve Action: longer yields led to steepening »

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LHO

LaSalle Hotel

$35.10

0.11 (0.31%)

, PEB

Pebblebrook Hotel

$39.66

-0.06 (-0.15%)

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LaSalle Hotel confirms receipt of letter from Pebblebrook Hotel »

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LaSalle Hotel

$35.10

0.11 (0.31%)

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Pebblebrook Hotel

$39.66

-0.06 (-0.15%)

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  • 26

    Jul

ARDX

Ardelyx

$4.40

-0.05 (-1.12%)

13:42
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Breaking Hot Stocks news story on Ardelyx »

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LITE

Lumentum

$55.30

-4.1 (-6.90%)

13:42
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Lumentum analyst commentary  »

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HES

Hess Corp.

$64.01

-0.49 (-0.76%)

13:40
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Options
Hess sees aggressive call buying ahead of earnings next week »

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  • 25

    Jul

FFIV

F5 Networks

$172.71

1.06 (0.62%)

, S

Sprint

$5.46

-0.015 (-0.27%)

13:39
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F5 Networks names Sprint CEO Michel Combes to board »

F5 Networks (FFIV)…

FFIV

F5 Networks

$172.71

1.06 (0.62%)

S

Sprint

$5.46

-0.015 (-0.27%)

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  • 25

    Jul

  • 01

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  • 08

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  • 09

    Aug

LGF.A

Lionsgate

$24.92

-0.04 (-0.16%)

, LGF.B

Lionsgate

$23.91

-0.06 (-0.25%)

13:37
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Periodicals
Ex-Lions Gate general counsel was mired in legal drama prior to exit, WSJ says »

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LGF.A

Lionsgate

$24.92

-0.04 (-0.16%)

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Lionsgate

$23.91

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  • 09

    Aug

UNIT

Uniti Group

$17.85

-0.785 (-4.21%)

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Uniti Group put volume heavy and directionally bearish »

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  • 09

    Aug

LITE

Lumentum

$55.30

-4.1 (-6.90%)

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SPY

SPDR S&P 500 ETF Trust

$280.19

0.24 (0.09%)

, IWM

iShares Trust Russell 2000 Index Fund

$169.13

-0.01 (-0.01%)

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QQQ

Invesco QQQ Trust

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JPMorgan BetaBuilders Japan ETF

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XLF

Financial Select Sector

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XLI

Industrial Select Sector SPDR

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CP

Canadian Pacific

$194.73

2.71 (1.41%)

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Canadian Pacific, TCRC-T&E ratify four-year agreement »

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AMZN

Amazon.com

$1,821.64

8.79 (0.48%)

13:17
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Amazon announces new fulfillment center in Spokane »

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  • 26

    Jul

  • 16

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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Technical Analysis
NYSE market internals summary »

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ESL

Esterline

$81.10

5.6 (7.42%)

13:11
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Periodicals
Esterline in early stages of exploring sale, WSJ reports »

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  • 02

    Aug

SN

Sanchez Energy

$4.72

-0.1 (-2.07%)

13:10
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Options
Sizable put spreads in Sanchez Energy as a bullish play is extended »

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  • 07

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