APR 20·Investing.comMed
Mizuho reiterates Sempra Energy stock rating after Oncor approval
Mizuho has reiterated its Outperform rating and $104 price target for Sempra Energy (NYSE:SRE) following regulatory approval for its Oncor subsidiary. The Public Utility Commission of Texas approved Oncor's settlement agreement based on a 9.75% return on equity and a $560 million rate increase. Sempra Energy also saw its subsidiary San Diego Gas & Electric Company and Sempra itself complete significant bond offerings, highlighting recent financial activities.