Sempra (SRE) Stock

SRE is likely to benefit from its planned investments and increased demand. However, costs related to repairs could negatively impact the company.

SAN DIEGO, Dec. 17, 2024 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) announced that its chairman and CEO, Jeffrey W. Martin, was honored with a lifetime achievement award from S&P Global Commodity Insights during the Platts Global Energy Awards this year.

Sempra's Chairman and CEO, Jeffrey Martin, appears on 'Mad Money' with host Jim Cramer to discuss the company's quarterly performance, the competitive landscape, the current situation in the utilities industry, and other related topics.

SAN DIEGO, Dec. 5, 2024 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) has been named by Newsweek as one of "America's Most Responsible Companies" for 2025, marking the sixth year in a row it has received this honor. The yearly list evaluates companies on their dedication to corporate responsibility, focusing on governance and their social and environmental practices.

Sempra Energy generates income from a mix of regulated utilities and energy infrastructure. Although they are facing some short-term challenges due to falling revenues in California and increasing costs, their investments in LNG and renewable projects are expected to lead to strong growth. The management anticipates an annual earnings growth of 6-8%, backed by a $48 billion capital plan over five years aimed at modernization and expansion.

Sempra has a variety of operations in California, Texas, and its Port Arthur LNG projects, which provide good opportunities for growth in the future. Even though the company has recently missed some earnings expectations, it has confirmed its forecasts for FY2024 and FY2025, especially regarding positive news for Port Arthur LNG Phase 1 and Phase 2. While Sempra is performing similarly to the utility sector, its greater growth potential suggests it is a good investment, but it's wise to start with a small amount and increase your investment when prices drop.

On November 14, 2024, Southern California Gas Co. (SoCalGas) and GKN Hydrogen revealed that they have started a research demonstration project in collaboration with the U.S. Department of Energy's National Renewable Energy Laboratory (NREL). This project focuses on a new clean renewable hydrogen storage solution and will take place at NREL's Flatirons Campus in Arvada, Colorado.

SAN DIEGO, Nov. 7, 2024 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) has announced that its board of directors has approved a quarterly dividend of $0.62 per share on its common stock. This dividend will be paid on January 15, 2025, to shareholders who are on record by the end of business on December 5, 2024. Sempra is a major energy infrastructure company in North America, serving nearly 40 million customers.

Sempra (NYSE:SRE) will hold its Q3 2024 Earnings Conference Call on November 6, 2024, at 12:00 PM ET. The call will feature company leaders including Glen Donovan, Jeff Martin, and Karen Sedgwick, along with other executives. Participants from various financial institutions will also join the discussion.