Sempra (NYSE:SRE) is one of the stocks mentioned during the show, as we cover everything Jim Cramer said about the market. Cramer highlighted the company’s performance during the episode, as he commented:
The last 12 months have been phenomenal for a lot of utilities. Take Sempra, which owns gas and electric utilities in Texas and California. Now, this company’s long been one of my favorite growth utilities. Remember, growth utility. But a year ago, this stock had a bit of a beat down by tariff worries, LA fires, even though the fires, by the way, had zero impact on their business.
That turned out to be a fantastic buying opportunity, as Sempra’s now run from $61 and change at its lows last April all the way to $95. We’re talking about a 50% gain plus in less than a year. Not bad for a utility. Now, Sempra’s made some big changes last fall. They announced they were selling a majority stake in their infrastructure business. That’s Mexican gas pipelines and liquefied natural gas export facilities. The plan now is to focus on their core utility business.
Photo by Anna Nekrashevich on Pexels
Sempra develops and operates energy infrastructure, providing natural gas and electric services through regulated utilities and transmission networks.
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