5 Biggest Utility Companies in the US

In this piece, we will take a look at the five biggest utility companies in the U.S. For more companies, head on over to 16 Biggest Utility Companies in the U.S.

5. Sempra (NYSE:SRE)

Market Capitalization as of December 23, 2022: $49.6 billion

Sempra (NYSE:SRE) is an American electricity and gas provider that has more than six million customers. The company is headquartered in San Diego, California.

With European countries looking to wean off of Russian fuel imports in the wake of the Ukraine invasion, Sempra (NYSE:SRE) entered into an agreement with a French utility provider to sell it 1.4 million tons of liquefied petroleum gas for 20 years. This came after the company entered into a 5 million tonnes per annum LNG agreement with ConocoPhillips.

27 of the 920 hedge funds polled by Insider Monkey during Q3 2022 had bought Sempra (NYSE:SRE)’s shares.

Out of these, Phill Gross and Robert Atchinson’s Adage Capital Management is Sempra (NYSE:SRE)’s largest shareholder. It owns 420,185 shares that are worth $63 million.