Jim Cramer Shares Why This Energy Stock Is A Standout

We just covered Jim Cramer Discussed The Iran Ceasefire & Commented On These 19 Stocks. Sempra (NYSE:SRE)  is one of the stocks discussed by Jim Cramer.

Sempra (NYSE:SRE) is a diversified utility with operations in California, Texas, and other regions. Its shares are up by 54% over the past year and by 9.8% year-to-date. Wells Fargo discussed Sempra (NYSE:SRE)’s stock on February 27th. It adjusted the share price target to $113 from $112 and kept an Overweight rating after the utility released its fourth quarter earnings report. Earnings visibility and strong rate base growth impressed Wells Fargo, as it commented that Sempra (NYSE:SRE)’s infrastructure investments and transmission expansion were among some of the impressive factors about the firm. Morgan Stanley and JP Morgan also discussed the firm in February. The former raised the share price target to $101 from $97 and kept an Overweight rating on the 20th, while the latter raised the price target to $98 from $95 and set an Overweight rating. Cramer praised Sempra (NYSE:SRE)’s presence in the American market:

“I had Sempra on. And I think Sempra is a very, very great company. And they’re in various places around the country. And they would tell you, look, if you have a good public utility commission, Jeff Martin would tell you, you know what, it doesn’t raise rates. And Jeff Martin is a very wise man. He was on the show and he had definitive proof. Look, Texas okay.”

Jim Cramer Shares Why This Energy Stock Is A Standout

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