Trump seeking economic deal with China as fresh trade talks loom- WSJ
Diana L. Day, the Chief Legal Counsel at Sempra (NYSE:SRE), recently sold shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. On May 14, Day sold a total of 8,015 shares, generating approximately $595,212. The sales occurred at prices ranging from $73.99 to $74.77 per share. The utility company, currently valued at $48.9 billion, has shown strong dividend performance with 28 consecutive years of payments and 14 years of consecutive increases. According to InvestingPro analysis, the stock appears to be trading above its Fair Value.
Following these transactions, Day holds 16,968.60 shares directly. Additionally, Day has indirect ownership of 418.61 shares through a 401(k) savings plan as of May 13, 2025. With a current dividend yield of 3.45% and a P/E ratio of 16.3, InvestingPro subscribers can access 6 additional key insights about Sempra’s financial health and growth prospects through the platform’s comprehensive Pro Research Report.
In other recent news, Sempra Energy reported its first-quarter 2025 earnings, revealing an adjusted earnings per share (EPS) of $1.44, which exceeded analysts’ expectations of $1.35. However, the company’s revenue fell short, coming in at $3.8 billion against a forecast of $3.87 billion. Sempra Energy has reaffirmed its full-year 2025 EPS guidance, projecting between $4.30 and $4.70, and anticipates a compound annual growth rate of 7-9% for EPS from 2025 to 2029. BMO Capital Markets has responded positively to these developments, raising its price target for Sempra Energy to $81 from $78, while maintaining an Outperform rating. The firm cited the company’s strategic plans and consistent growth expectations as key factors in its decision. Additionally, Sempra Energy is planning significant infrastructure investments, with $13 billion earmarked for projects, including major initiatives like Cimarron Wind and ECA LNG Phase One. These recent developments underscore Sempra Energy’s ongoing efforts to enhance its financial performance and strategic positioning in the energy sector.
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