Sempra Energy (NYSE:SRE) has had significant shifts in holdings by a variety of institutional investors, with both increases and decreases. Major banks such as the Bank of Montreal and Citigroup have cut holdings or lowered expectations for the stock price. Notably, Jim Cramer has mentioned Sempra multiple times, stating that it deserves to be trading lower. There are also allegations of potential securities fraud being investigated by Levi & Korsinsky. Nevertheless, several companies, including Invesco Ltd., Russell Investments Group Ltd., APG Asset Management, and more, have increased their holdings in Sempra. Amid all these, Sempra has announced the continuation of its capital recycling program. In a major portfolio shakeup, it plans a sale of Mexican assets to power U.S. expansion. However, the company has seen its stock slump following a dour 2025 profit forecast due to high costs. Citigroup has adjusted their price target from $93 to $70 but maintains a neutral rating, indicating uncertainty. Despite these challenges, Sempra has made new investments and has been named among the world's most admired companies.
Sempra SRE News Analytics from Mon, 14 Oct 2024 07:00:00 GMT to Sun, 13 Apr 2025 00:46:54 GMT -
Rating -4
- Innovation 0
- Information 5
- Rumor -3
