2024-07-16 07:00:00 ET
Summary
- Sempra is a public utility and energy infrastructure company with a 13-year dividend growth streak.
- The company is positioned to generate 6% to 8% annual adjusted EPS growth for the foreseeable future.
- SRE enjoys a BBB+ credit rating from S&P on a stable outlook.
- Shares of the stock could be priced at a 9% discount to fair value.
- SRE could be set up to post nearly 30% cumulative total returns through 2026.
My work here on Seeking Alpha occasionally includes coverage of stocks with exceptionally high growth prospects, such as Amazon ( AMZN ). Even as a dividend growth investor, that's because I believe a handful of growth stocks are must-owns for me at this phase of my investing journey.
However, the vast majority of my coverage here on Seeking Alpha focuses on established dividend growers. In my view, these high-quality investments can provide steadily growing streams of passive income and help me to put less emphasis on market volatility. That prevents me from acting irrationally (e.g., panic selling) and keeps me focused on my North Star: Consistently rising passive income....
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For further details see:
Sempra: This Dividend Growth Stock Is Worth Buying Now