Professional
Added to YB: 2026-06-05
Pitch date: 2026-05-28
SRE [bullish]
Sempra
-0.18%
current return
Author Info
Voss Capital is a hedge fund looking for value-oriented special situations. Sign up for the newsletter.
Company Info
Sempra engages in the regulated utilities business in the United States and Mexico. It operates through three segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure.
Market Cap
$58.5B
Pitch Price
$90.50
Price Target
141.00 (+57%)
Dividend
2.94%
EV/EBITDA
13.55
P/E
30.42
EV/Sales
7.72
Sector
Multi-Utilities
Category
special_situation
Voss Capital New Position: Sempra
SRE (new position): Voss core long on utilities conglomerate; SOTP/simplification play. Trades 17.8x NTM P/E masking Oncor (TX T&D, 80.3% owned), nation-leading 17% rate base CAGR to $69B by 2030, 70%+ transmission. Tax-free Oncor spin + $10B KKR/CPP infra sale (13.8x EBITDA) self-funds capex, de-risks CA wildfire RemainCo. SB254 reform tailwind. Target $141 (+53%), 17% IRR by YE2028.
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