Sempra Energy's Recent Acquisition Didn't Show Up in Its Earnings

Sempra Energy's (NYSE: SRE)acquisition of Oncor was a bit of a coup on Wall Street, as it was able to outbid Berkshire Hathawayfor the Texas utility. The victory didn't come cheap, though, as Sempra had to cough up $9.5 billion and take on quite a bit of debt in the process of completing the deal.

Even though the company sees immense potential in the purchase and the growth opportunities that come with it, shares of Sempra have been mostly flat for the past year.