PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sat, April 1, 3:57 PM
| This Slide: #203 of 609 |
Slide #203. Sempra Energy — Preferred Stock Offering
Company:
Sempra Energy (NYSE:SRE)
Date announced:
1/2/2018
Shares Offered:
15,000,000
Date of Pricing:
1/4/2018
Price Per Share:
$100.00
Preferred Stock Offering Details:
Sempra Energy (NYSE: SRE) today announced that it is commencing concurrent offerings (the equity offerings) of $2.5 billion of shares of its common stock in connection with the forward sale agreements described below and $1.5 billion of shares of its Mandatory Convertible Preferred Stock, Series A, each in a separate registered public offering, subject to market and other conditions. -updated 1/4- Sempra Energy (NYSE: SRE) today announced that it has priced its concurrent offerings (the equity offerings) of 23,364,486 shares of its common stock in connection with the forward sale agreements described below at $107 per share and 15,000,000 shares of its 6-percent Mandatory Convertible Preferred Stock, Series A, at $100 per share, each in a separate registered public offering. The equity offerings are expected to close on or about Jan. 9, 2018, subject to customary closing conditions. In addition, the underwriters in the respective equity offerings have been granted the option to purchase directly from Sempra Energy up to an additional 3,504,672 shares of its common stock and up to an additional 2,250,000 shares of its Mandatory Convertible Preferred Stock.
Sempra is a holding company. Through its subsidiaries, Co. has several segments, including: San Diego Gas & Electric Company, which is a regulated public utility that provides electric services in Southern California; Southern California Gas Company, which is a regulated public utility that owns and operates a natural gas distribution, transmission and storage system that supplies natural gas in Southern California and portions of central California; and Sempra Texas Utilities, which includes Oncor Electric Delivery Holdings Company LLC, a regulated electricity transmission and distribution utility that operates in the north-central, eastern, western and panhandle regions of Texas.
Preferreds: SDO.PRB, SDO.PRC, SDO.PRA, SDO.PRH, SRE.PRA, SRE.PRB
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Buy (2.91 out of 4) 27th percentile
(ranked lower than approx. 73% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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