.September 13, 2024 Friday 09:21 AM

Mizuho analysts reiterated their Outperform rating for Sempra Energy (NYSE:SRE) with a $88 price target. Following meetings with CFO Karen Sedgwick, they highlighted the company’s ability to navigate challenges like the ECA delay and COC mechanism changes. Sempra’s subsidiary, Oncor, is expected to get approval for its SRP plan, and the Permian Transmission project could offer capital opportunities. Sempra remains confident in its LNG strategy, aiming to secure all output for the PA2 project by the third-quarter earnings call.