
Sempra is upgraded to Buy, with the current valuation offering a strong margin of safety after recent stock declines. SRE's Texas investments and LNG growth, including a 20-year Petrobras deal, underpin robust long-term EPS growth guidance of 7–9%. The balance sheet and earnings remain solid, supporting a 3.24% dividend yield and the targeted 2–4% annual dividend growth, with Texas set to comprise 60% of the 2030 rate base.










