Sempra: Sempra Board Member Makes $100K Stock Purchase

A new SEC filing reveals that ANDRES CONESA, Board Member at Sempra (NYSE:SRE), made a notable insider purchase on March 18,.What Happened: CONESA demonstrated confidence in Sempra by purchasing 1,400 shares, as reported in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The total value of the transaction is $100,156.Tracking the Tuesday's morning session, Sempra shares are trading at $70.52, showing a down of 0.76%.Delving into Sempra's BackgroundSempra Energy serves one of the largest utility customer bases in the United States. It distributes natural gas and electricity in Southern California and owns 80% of Oncor, a transmission and distribution business in Texas. SoCalGas and San Diego Gas & Electric distribute gas to more than 20 million customers, while Oncor serves more than 10 million Texas customers. Sempra Infrastructure partners, of which Sempra holds a controlling ownership, owns and operates liquefied natural gas facilities in North America and infrastructure in Mexico.Unraveling the Financial Story of SempraRevenue Growth: Over the 3 months period, Sempra showcased positive performance, achieving a revenue growth rate of 7.65% as of 31 December, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company ...Full story available on Benzinga.com