Sempra (SRE) has demonstrated a mixed operational and financial performance. The company missed Q1 earnings expectations and saw revenues decline year-over-year but was lauded for performing robustly against competitors on a strong trading day. Another significant development was the release of its 2023 Corporate Sustainability report, dubbed 'Ideas with Energy'. However, the company also struggled with revenue misses. Yet, it has caught investor attention for its potential as a great dividend stock. The company is revered for making strategic decisions that align with analyst EPS projections and bolster its expanding operations. Analyst favoritism is further echoed as Wells Fargo & Company has raised SRE’s price target to $84.00. International Assets Investment Management LLC has also shown confidence in the company with the acquisition of 47193 shares. SRE's growth potential in Texas and strong fundamentals are noteworthy. Yet, somewhat disappointing is the fact that SRE missed revenue by 35% and had a lackluster year with a 7.2% loss in share value - but these setbacks are counterbalanced by diverse acknowledgments. SRE is mentioned in the JUST 100 list of America's most just companies, and also named a best employer for diversity by Forbes. With the initiation of a 320 MW Wind Project in Mexico and securing a long-term agreement for LNG supply with INEOS
Sempra SRE News Analytics from Mon, 17 Jul 2023 07:00:00 GMT to Sat, 11 May 2024 23:58:29 GMT -
Rating 2
- Innovation -1
- Information 5
- Rumor -2
