Sempra (SRE) has been in the investment radar recently due to an increase in its stock holdings by firms such as Citigroup Inc, Massachusetts Financial Services Co. MA, and PNC Financial Services Group Inc, among others. However, it has also seen a reduction in its stake by Mizuho Securities USA LLC and Portfolio Design Labs LLC. The company reported its Q3 2024 earnings and revenue, which unfortunately lagged estimates. Nevertheless, it was able to clear a key benchmark, earning it an 80-plus RS rating. It was included in UBS' list of stocks for the AI, Growth and Low Rates era, suggesting long-term potential. Sempra's
stock performance has been a mix, outperforming competitors on specific trading days but falling behind on others. Its fundamentals also drew attention as it released
Corporate Sustainability Report for 2023 and was named among TIME's World's Best Companies 2024. Nevertheless, risk factors like higher expenses, lower utility earnings, and restoration expense risk have also been flagged. Notably,
Aramco and Sempra announced an agreement for equity and offtake from Port Arthur LNG Phase 2, emphasising its reign in the energy sector.
Sempra SRE News Analytics from Thu, 01 Feb 2024 08:00:00 GMT to Sat, 23 Nov 2024 11:35:13 GMT -
Rating -1
- Innovation 1
- Information 5
- Rumor -5
