The equity of Sempra (NYSE:SRE) has seen notable transactions, with significant stakes being held by institutions. SG Americas Securities LLC owns a $11.20 million stake while Private Advisor Group LLC and Larson Financial Group reduced their holdings. Additionally, shares have been acquired by Director Richard Mark, PDS Planning Inc and Norden Group LLC, showing interest from high-profile figures.
Despite recent underperformance in the market, investors remain optimistic about the company's potential due to announcements like the equity and offtake agreement with Aramco from Port Arthur LNG Phase 2. Furthermore, positive expectations have been shown by analysts.
The company's Q1 2024 earnings, however, have fallen short of estimates, triggering a lowered price target from BMO Capital Markets to $84.00. Nevertheless, Sempra boasts of strong institutional backing with 89 percent ownership.
Several recognitions have been awarded to Sempra such as being named one of America's most JUST companies and earning a spot in Fortune's list of most admired organizations. Sempra was also acknowledged for its political disclosure and accountability. However, the latest performance indicates a 7.2 percent loss from investing in the stock a year ago.
Sempra SRE News Analytics from Thu, 03 Aug 2023 07:00:00 GMT to Sun, 14 Jul 2024 14:43:42 GMT - Rating -3 - Innovation 1 - Information 5 - Rumor -2
