Sempra (SRE) is making strategic executions in order to achieve its objective of building a leading U.S. utility growth business. After selling a
$10 billion stake in one of its units, Sempra received approval for a
Port Arthur expansion project. Although Sempra was removed from BofA's top investment list and observed a rating downgrade, it received favorable recommendations from BMO Capital and Wolfe Research. It also successfully struck a $17 billion deal with KKR, CPPIB, and Blackstone. Sempra's leaders have revealed plans for
strategic capital reinvestment and future earnings guidance has been affirmed. However, there are concerns regarding its performance versus the utility sector. The company's stock has seen a surge following the $10 billion stake sale, and Sempra has also been spotlighted in Zacks's industry outlook. Key developments for Sempra include selling a significant stake of its infrastructure unit, completing a long-term LNG supply agreement, and issuing $800 million junior subordinated notes. The company is looking to report its first-quarter 2025 earnings on May 8.
Sempra SRE News Analytics from Wed, 11 Dec 2024 08:00:00 GMT to Fri, 26 Sep 2025 21:16:52 GMT -
Rating 8
- Innovation 1
- Information 8
- Rumor 0
