BMO Capital analyst James Thalacker has reiterated their bullish stance on SRE stock, giving a Buy rating on February 3.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
James Thalacker has given his Buy rating due to a combination of factors including Sempra Energy’s strategic financial outlook and robust growth potential. The company is expected to see a significant increase in its capital plan, driven by substantial investments in Oncor, and has a comprehensive financing strategy in place to support this growth, including external equity and potential capital recycling. Additionally, Sempra’s reaffirmation of its long-term growth rate, with a bias towards the upper end of the 6-8% range, along with a promising EPS guidance for 2025 and 2026, suggests a strong financial performance outlook.
The company’s high-quality infrastructure portfolio, particularly in the attractive Southern and Southwestern U.S. markets, is expected to contribute to its earnings growth. Sempra’s LNG developments and successful navigation of California’s regulatory environment are anticipated to further enhance its financial performance. These factors, combined with expected multiple expansions and a stable cash flow, underpin Thalacker’s positive outlook and the Buy rating for the stock.
According to TipRanks, Thalacker is a 5-star analyst with an average return of 14.3% and a 64.63% success rate. Thalacker covers the Utilities sector, focusing on stocks such as Ameren, American Electric Power, and PPL.
In another report released on February 3, Jefferies also maintained a Buy rating on the stock with a $96.00 price target.