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It must be stated upfront that the concept of reliable dividend stocks isn't exciting. No, it's downright boring.
Sempra's (SRE) Q1 total revenues of $3.64 billion decline 44.5% from the year-ago quarter's level. The top line also misses the Zacks Consensus Estimate by 41%.
While the top- and bottom-line numbers for Sempra (SRE) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Sempra (SRE) came out with quarterly earnings of $1.34 per share, missing the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.46 per share a year ago.
Sempra Energy's (SRE) first-quarter results are likely to reflect the benefits of favorable returns from investments and cost-saving initiatives amid the adverse impacts of increased transportation tariff.
Increased natural gas export volumes and regular investment in pipelines are driving the Zacks Gas Distribution industry's near-term prospects. Utilities with stable infrastructure like SRE, ATO, MDU and NJR can provide reliable services to customers and will gain from a positive industry outlook.
DALLAS , April 19, 2024 /PRNewswire/ -- Oncor Electric Delivery Company LLC ("Oncor") plans to release its first quarter 2024 results on May 7, prior to Sempra's (NYSE: SRE) (BMV: SRE) first quarter 2024 results conference call. Oncor's earnings release will be available on Oncor's website, oncor.com.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Sempra (SRE) have what it takes?
Sempra Energy (SRE) makes a strong case for investment in the utility space with its systematic investments, strong ROE and stable dividend.
Utility stocks like Atmos Energy Corporation (ATO), American Water Works Company, Inc. (AWK), Sempra (SRE) and Consolidated Water Co. Ltd. (CWCO) are a safe bet amid this ongoing market volatility.