Investors are trying to overhaul Sempra. The message to other utilities: Stick to basics

“The basic utility investor wants stability and a dividend — plain vanilla,” said Kit Konolige, a utility analyst for Bloomberg Intelligence. “It seems to be a trend, certainly, for investors to take a look at these companies and say, well, if they’ve underperformed and if they have separate businesses, maybe they’d be better off focusing on the core utility.”