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Sempra Energy Has Outperformed Peers

Sempra Energy Has Outperformed Peers

Sempra Energy (SRE), California’s largest utility by market capitalization, has stayed strong in the stock market while other California utilities have tumbled due to recent wildfires. Sempra stock has risen 11% this year, while PG&E (PCG) and Edison International (EIX) have fallen 40% and 10%, respectively. Sempra Energy is one of the fastest-growing utilities in the country, and its Oncor Electric acquisition could boost its earnings growth.