Wednesday, June 20, 2012

For Investors Only: SRE at Seeking Alpha

Updates

August 23, 2012: already the largest natural gas storage company in the US, it is adding more storage. From In-Play today:
Sempra Energy subsidiary adds new underground natural gas storage capacity in Gulf Coast: Sempra U.S. Gas & Power, a subsidiary of Sempra Energy, announced that it has received authorization from the Federal Energy Regulatory Commission to place a second underground natural gas storage cavern into service at its Mississippi Hub Storage facility located in Simpson County, Miss.

Original Post
Link here to SeekingAlpha.com.
Sempra Energy (SRE) is a $16.3 billion energy services holding company whose subsidiaries provide natural gas and power to customers. It is also the largest natural gas storage company in the United States. The company pays a dividend yield of 3.6% on a payout ratio of 43%. The company's peers PG&E Corp. (PCG), AGL Resources (GAS), and Enbridge (ENB) pay dividends yielding 4.0%, 4.8%, and 2.9%, respectively. Sempra Energy's stock is hovering around its 52-week high of $68.01 a share and is up 23.7% from the beginning of the year.
That one random data point: SRE is the largest natural gas storage company in the US. I did not know that.

Disclaimer: this is not an investment site. This is not a recommendation to buy or sell shares in SRE. It is simply a link to a story that helps me understand better the natural gas industry.

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