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Is Sempra (SRE) One of the Most Undervalued Utility Stocks to Buy Now?
Sempra (NYSE: SRE) is highlighted as one of the most undervalued utility stocks, with Wells Fargo raising its price target to $113 and maintaining an Overweight rating due to its strong asset base and capital expenditure plan. The company also announced an increase in its annualized common dividend to $2.63 per share. Sempra is a North American energy infrastructure company serving nearly 40 million consumers.