Sempra Energy (SRE) Offering Possible 8.7% Return Over the Next 10 Calendar Days

Sempra Energy's most recent trend suggests a bullish bias. One trading opportunity on Sempra Energy is a Bull Put Spread using a strike $105.00 short put and a strike $95.00 long put offers a potential 8.7% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $105.00 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $9.20 would be incurred if the stock dropped below the $95.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Sempra Energy is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Sempra Energy is bullish.

The RSI indicator is at 30.98 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Sempra Energy

Sempra Energy Announces Pricing of Public Offerings of Common Stock and Mandatory Convertible Preferred Stock
Fri, 05 Jan 2018 02:19:00 +0000
SAN DIEGO, Jan. 4, 2018 /PRNewswire/ — Sempra Energy (SRE) today announced that it has priced its concurrent offerings (the equity offerings) of 23,364,486 shares of its common stock in connection with the forward sale agreements described below at $107 per share and 15,000,000 shares of its 6-percent Mandatory Convertible Preferred Stock, Series A, at $100 per share, each in a separate registered public offering. The equity offerings are expected to close on or about Jan. 9, 2018, subject to customary closing conditions. In addition, the underwriters in the respective equity offerings have been granted the option to purchase directly from Sempra Energy up to an additional 3,504,672 shares of its common stock and up to an additional 2,250,000 shares of its Mandatory Convertible Preferred Stock.

SoCalGas Works to Develop New Technology that Makes Carbon Fiber During Hydrogen Production
Thu, 04 Jan 2018 20:19:00 +0000
LOS ANGELES, Jan. 4, 2018 /PRNewswire/ — Southern California Gas Co. (SoCalGas) today announced it is partnering with a development team to advance a new process that converts natural gas to hydrogen, carbon fiber, and carbon nanotubes. The goal of the partnership, led by C4-MCP, LLC (C4), a Santa Monica-based technology start-up, is to offset the hydrogen production expense with the sales of the carbon fiber and carbon nanotubes, reducing the hydrogen's net cost to under $2 per kilogram, thus helping make hydrogen fueled cars and trucks cost-competitive with conventional gasoline and diesel vehicles.

Sempra shares bounce on fundraising plans
Wed, 03 Jan 2018 18:39:17 +0000
Sempra Energy shares rose more than 2% on Wednesday after the natural gas utility revealed plans to raise up to US$4.6bn to fund its acquisition of Texas power distributor Oncor. California-based Sempra's stock was up as much as 2.6% to US$108.05 per share on news of the dual-tranche equity and equity-linked offering to fund the pending US$9.45bn purchase. Sempra said it would sell US$2.5bn of common equity and US$1.5bn of three–year mandatory convertible preferred shares, raising US$4.6bn in all if 15% overallotment options are used.

Alerian Announces Real-Time Launch of the Alerian Energy Infrastructure Capital Strength Select Index
Wed, 03 Jan 2018 13:30:00 +0000
DALLAS , Jan. 3, 2018 /PRNewswire/ — Alerian announced today the real-time launch of the Alerian Energy Infrastructure Capital Strength Select Index, a composite of North American midstream, refining, …

Sempra Energy Announces Proposed Public Offerings Of Common Stock And Mandatory Convertible Preferred Stock
Tue, 02 Jan 2018 21:14:00 +0000
SAN DIEGO, Jan. 2, 2018 /PRNewswire/ — Sempra Energy (SRE) today announced that it is commencing concurrent offerings (the equity offerings) of $2.5 billion of shares of its common stock in connection with the forward sale agreements described below and $1.5 billion of shares of its Mandatory Convertible Preferred Stock, Series A, each in a separate registered public offering, subject to market and other conditions. Sempra Energy expects to use the net proceeds from these offerings and the related sale of shares of its common stock pursuant to the forward sale agreements referred to below, together with the net proceeds from planned future debt financings, which may include the issuance of its debt securities, commercial paper supported by its revolving credit facilities and borrowings under its revolving credit facilities, to finance the merger and related costs and expenses or, in the case of any proceeds received from settlements under the forward sale agreements that occur after the closing of the proposed merger, to repay indebtedness incurred to finance a portion of the cost of the merger and related costs and expenses.

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