Various investment firms including International Assets Investment Management LLC, Oppenheimer & Co. Inc., AMI Asset Management Corp, Golden State Wealth Management LLC, and CUSHING ASSET MANAGEMENT LP have invested millions in Sempra Energy (NYSE:SRE). Additionally, institutions like Perpetual Ltd and SG Americas Securities LLC have significantly increased their stock positions. Sempra Energy has issued FY 2025 and 2026 Earnings Guidance, and benefited from a new Texas utility law. Despite these positives, the company's stock is reportedly underperforming, and analysts estimate a decline in earnings.
There were also important executive leadership changes within the company. On another end, Sempra has announced a non-binding agreement with JERA Co and a unified tracker mechanism for Oncor, and it's expected to benefit from these actions. Sempra's price target has been raised to $88 from $87 by Morgan Stanley. Tensions around Sempra's profit forecast for 2025, its earnings, high costs causing slump in shares and lower profit have been prevalent.
Despite setbacks, Sempra shows promise with strategic investments, and a pledged donation towards California Fire Relief. Furthermore, Sempra was named among Newsweek's 'Most Responsible Companies' and retains an Overweight Rating from Morgan Stanley.
Sempra SRE News Analytics from Wed, 04 Sep 2024 07:00:00 GMT to Sat, 28 Jun 2025 11:43:57 GMT - Rating 1 - Innovation -3 - Information 7 - Rumor -5
