Mizuho keeps Sempra on the buy side

Another analyst nod

Mizuho isn’t changing the story on Sempra Energy: the firm reiterated its Outperform rating and left its $104 price target untouched. At roughly $94.02 a share, that still leaves room for upside — at least on paper.

Why the market should care

This isn’t just another random “we like the stock” note. The call lands right after regulatory approval for Sempra’s Oncor subsidiary, which gives the company a cleaner path forward and a little less drama in the utility corner of the business. Analysts tend to like fewer fire drills.

The vibe check

Sempra has already been on a nice run, up about 36% over the past year and hanging near its 52-week high of $101.04. So yes, the stock has plenty of fans and a decent amount of momentum, but it’s also no bargain-bin situation.

Big picture

For investors, the takeaway is pretty simple: Sempra keeps collecting credibility points. Between the Oncor approval and another bullish-ish analyst note, the market is being nudged to treat this as a steadier utility story — not a sleepy one, but not a meme-stock roller coaster either.