Investment activities around Sempra (NYSE:SRE) are picking up, with Concurrent Investment Advisors LLC and Checchi Capital Advisers LLC adding shares, while Principal Financial Group Inc. and Intact Investment Management Inc. reduced their holdings. It shows strong interest from institutional investors as the share price has slightly underperformed despite delivering a solid compound annual growth rate (CAGR) of 11% over the last three years.
Observing the Sempra's Earnings, the results for Q1 and Q2 of 2024 have missed estimates mainly due to drop in revenue. However, the company gave a positive forecast and confidently signaled growth ahead.
Sempra has also received noteworthy recognitions, featured on FTSE4Good Index Series for sustainable business practices, and named to JUST 100 list for being one of America's most just companies of 2024. It even made it to Fortune's list of the world's most admired companies. Additionally, Sempra announced the appointment of Jennifer M. Kirk to its Board of Directors and executed an EPC contract with Bechtel. An interesting development to note is Sempra's equity and offtake agreement with Aramco for Port Arthur LNG Phase 2.
Sempra SRE News Analytics from Thu, 02 Nov 2023 12:52:17 GMT to Sun, 01 Sep 2024 12:31:43 GMT - Rating 5 - Innovation 1 - Information 8 - Rumor -2
