Sempra (SRE) Could Be 21% Undervalued As California Wildfire Liability Rules Shift

News shock to California utilities puts Sempra in focus California utility stocks reacted after Governor Gavin Newsom and legislators agreed on a bill limiting insurer wildfire liabilities. Sempra (SRE), parent of San Diego Gas & Electric, fell about 3% in the broad sector move. The latest policy headlines arrive after a weaker period for Sempra’s share price, which is down 7.7% over the past month and 8.9% year to date, even though its 1-year and 5-year total shareholder returns of 1.8% and...