Sempra Energy (SRE) continues building a high-growth electric transmission and distribution business in Texas (Oncor), sells electricity in Mexico, and has begun exporting significant volumes of up to 1.6 billion cubic feet per day (BCF/D) of liquefied natural gas (LNG) with plans to expand further, all while continuing to meet its gas and electric service obligations in southern California.

With its 3.1% dividend, Sempra may appeal to investors who seek a hybrid between payout and growth. Although California operations expose Sempra to above-average regulatory risk, this is somewhat offset, or diversified, by operations in Mexico, Texas, and Gulf Coast LNG export.

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