SEMPRA Benefits from Major Asset Sale

about 1 month ago

Christine Aquino

"Well, Paul, let's dig into SEMPRA, which is an energy infrastructure company. So SEMPRA, ticker SRE. Those shares are popping this morning. They're up more than 3% at the moment. And that's because it's benefiting from news that it is agreeing to sell a 45% equity stake in its infrastructure arm to affiliates of KKR and the Canada Pension Plan Investment Board for a hefty $10 billion. So the idea is that the sale will help it achieve its goal of deriving approximately 95% of its earnings from regulated U.S. utilities."

SEMPRA (SRE) is seeing upward momentum, rising over 3% after announcing the sale of a 45% stake in its infrastructure arm for $10 billion. The move is designed to help the company shift towards deriving 95% of its earnings from regulated U.S. utilities, presenting a bullish narrative for investors.

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