Sempra Energy (SRE) has been recognized for positive business practices through its inclusion in the FTSE4Good Index Series twice. The company's trading performance has been strong, outstripping its competitors. New April 2025 options are available, and there has been a recent increase in short interest. However, the Q2 earnings have not met market estimates, leading to a subsequent decline in revenues. Sempra's financial and business results for the years 2023 and 2024 have been reported. It has secured a contractual agreement with Bechtel for the Port Arthur LNG Phase 2 project backed by Saudi Oil company, Aramco. The company is experiencing strong institutional backing with more than 89% ownership and new investments from wealth enhancement advisory firms. Director Richard Mark and Czech National Bank have acquired major shares of the company. A series of earnings reports from 2021 to 2024 highlight a pattern of modest growth, mixed revenue results and solid dividend declarations. A higher price target was set at $87 by Barclays and it hit a new one-year high of $81.06. Q2 earnings for 2024 of $1.12 per share beat estimates, but the company's revenue missed the target at $3.011 billion. Investments, high demand, and sustainability have been consistently positive for Sempra, signaling the potential for future growth.
Sempra SRE News Analytics from Thu, 02 Nov 2023 12:52:17 GMT to Sat, 17 Aug 2024 12:58:33 GMT -
Rating 5
- Innovation 6
- Information 6
- Rumor -5
