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Wells Fargo has adjusted its price target on Sempra to $85 from $88 while maintaining an overweight rating. Sempra operates primarily in the storage, transmission, and distribution of natural gas (56.8% of net sales), electricity transmission and distribution (25.9%), and energy infrastructure development (17.3%). Geographically, 89.6% of its net sales come from the United States, with 10.4% from Mexico.
Jim Cramer predicts that oil and natural gas stocks will prosper under President Trump and a Republican Congress, highlighting the natural gas ecosystem's potential for growth with federal support. He recommends stocks like EQT, Coterra, Energy Transfer, Kinder Morgan, Enbridge, Cheniere, and Sempra, noting the sector's recent recovery and optimism for the future.
Nvidia"s stock rose nearly 5% to $147.01, with a significant 196% increase in 2024, as it prepares to report earnings. Retail giant Target also reports, while Walmart"s stock hit a new high after solid results. Delta Air Lines and United Airlines continue to see substantial gains, with Delta up 61% in 2024. Meanwhile, three utility companies—NiSource, Sempra, and Vistra—reached all-time highs, with Vistra gaining nearly 24% in November alone.
Sempra (NYSE: SRE), a major utility provider in Texas and California, serves over 40 million customers and is actively involved in the growing liquefied natural gas (LNG) sector. The company is currently negotiating new rates in California, aiming for a $1.6 billion rate relief, while also developing hydrogen and clean energy facilities that could enhance its operations, particularly in relation to AI data centers.
UBS has updated its U.S. Top Picks list, adding Suncor, Entergy, and Sempra shares while removing Visa and Intercontinental Exchange. Suncor's turnaround under new CEO Rich Kruger and Entergy's declining regulatory risk are highlighted, while Bank of America and Truist Financial are favored for their potential benefits from economic conditions.
UBS has updated its top picks, adding Bank of America and Truist Financial, reflecting expectations for a soft landing in the U.S. economy. The firm removed Intercontinental Exchange and Visa from its list, favoring banks that can leverage interest rate cuts. Additionally, UBS made adjustments in other sectors, adding Suncor Energy, Entergy Corp, and Sempra Energy, while maintaining financials, information technology, and utilities as its most preferred sectors.
Sempra
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wells fargo lowers price target on sempra maintains overweight rating
10:30 26.03.2025
Cramer predicts oil and natural gas stocks will thrive under Trump administration
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Sempra
Cheniere Energy, Inc.
Enbridge Inc.
Energy Transfer LP
Kinder Morgan, Inc.
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00:47 23.11.2024
market movers nvidia target walmart and airline stocks in focus
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Sempra
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01:44 20.11.2024
Sempra's Growth in Utilities and LNG Amid Regulatory Changes in California
02:09 06.11.2024
ubs updates top picks adding energy and financial stocks while removing others
Truist Financial Corporation
Black Knight Inc.
Entergy Corporation
Suncor Energy Inc.
Intercontinental Exchange, Inc.
Bank of America Corporation
Sempra
Visa Inc.
USA
Black Knight
Rich Kruger
Joe Biden
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14:43 28.10.2024
ubs updates top stock picks adding bank of america and truist
Entergy Corporation
Visa Inc.
Kinder Morgan, Inc.
Suncor Energy Inc.
Truist Financial Corporation
Bank of America Corporation
Sempra
Intercontinental Exchange, Inc.
USA
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13:53 28.10.2024
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