Sempra Energy Stock Price, News & Analysis

Sempra (NYSE: SRE) has appointed Jennifer M. Kirk to its board of directors, effective June 20, 2024. Kirk currently serves as the global controller and chief accounting officer at Medtronic (NYSE: MDT) and brings over 20 years of experience in the energy sector. Her previous roles include various senior positions at Occidental Petroleum Kirk also chairs the audit committee at Republic Services. With her appointment, Sempra's board now has 10 directors, including three new members added over the past five years. Kirk will be a member of the audit and the safety, sustainability, and technology committees.

Southern California Gas Co. (SoCalGas) has integrated 21 new Ford E-Transit electric vans into its fleet, marking a significant step toward its ASPIRE 2045 sustainability strategy. This move supports SoCalGas' target to replace 50% of its fleet with alternative fuel vehicles by 2025 and achieve a 100% zero-emissions fleet by 2035. As of the end of 2023, 38% of SoCalGas' fleet was powered by low- and zero-emission energy sources. The company is also collaborating with Ford and the Department of Energy to develop a hydrogen fuel cell F-550 prototype for real-world testing in 2025. To facilitate this transition, SoCalGas is expanding its EV charging infrastructure, aiming to install 1,500 chargers across 65 sites within the next two years. This effort highlights SoCalGas' leadership in sustainability among utilities, having previously received the Leading Private Fleet Award at the Advanced Clean Transportation Expo in 2022.

Southern California Gas Co. (SoCalGas) will assist Labor Community Services (LCS) by providing 100 volunteers to sort over 1.8 million pounds of food donations from the 32nd Annual National Association of Letter Carriers' (NALC) 'Stamp Out Hunger' Food Drive.

In addition to the manpower, SoCalGas will donate $25,000 to purchase groceries, potentially aiding around 1,000 families for up to five days. The 'Stamp Out Hunger' drive helps stock local food banks during the spring and summer when school meal programs aren't available.

SoCalGas has partnered with LCS since 2007, contributing significantly, including sorting 74,000 pounds of food in 2023, helping approximately 2,900 families. SoCalGas plans to invest $50 million in underserved communities over five years as part of their ASPIRE 2045 strategy.

Southern California Gas Company (SoCalGas) announced on May 30, 2024, that its board of directors has declared regular quarterly dividends for its preferred series stock. The dividend amount is set at $0.375 per share for both the preferred stock and Preferred Stock, Series A. These dividends will be payable on July 15, 2024, to shareholders who are on record as of June 10, 2024.

Southern California Gas Company (SoCalGas) has received the 'Organizational Leadership Award' from The Climate Registry at the Climate Leadership Conference for its ASPIRE 2045 sustainability strategy. This award recognizes SoCalGas' leadership in reducing greenhouse gas (GHG) emissions and addressing climate change. The company's initiatives include surpassing California's goal by reducing fugitive and vented methane emissions by 20% from a 2015 baseline by 2025, converting 38% of its fleet vehicles to alternative fuels, and aiming for a 100% zero emissions vehicle fleet by 2035. SoCalGas has also delivered 5% renewable natural gas to core customers in 2023, with a goal of 20% by 2030. SoCalGas has also received the 'Business Transformation Award' from Reuters Events and has been recognized for its clean hydrogen microgrid project.

SoCalGas announced that nonprofit organizations can apply for grants of up to $50,000 through the SoCal Climate Champions Grant Program. The initiative, which has awarded over $3 million since 2015, supports projects that reduce greenhouse gas emissions, improve air quality, or provide organic waste solutions. The application window runs from April 21 to June 21, with winners announced in October. Past recipients include the Orange County Conservation Corps and the Cal Poly Pomona Foundation, which used grants for climate resilience projects and energy storage systems. The program falls under SoCalGas's ASPIRE 2045 Sustainability Strategy, aiming for $50 million in community investments and a carbon-neutral future.

Sempra (NYSE: SRE) has declared a quarterly dividend of $0.62 per share on its common stock.

This dividend is payable on July 15, 2024, to shareholders who are on record by the close of business on June 27, 2024. The announcement highlights Sempra's commitment to providing consistent returns to its investors.

SoCalGas released its stand-alone chapter of parent company Sempra's 2023 Corporate Sustainability Report, showcasing its ASPIRE 2045 sustainability strategy aimed at achieving net-zero greenhouse gas emissions by 2045. The report highlights sustainability efforts such as methane emission reduction, green tariff enrollment, alternative fuel vehicle conversion, renewable natural gas delivery, energy efficiency programs, pipeline safety enhancements, diverse supplier spending, and community development initiatives. SoCalGas has been recognized for its sustainability goals and transformative efforts, earning awards for its innovative projects.

Sempra released its 2023 Corporate Sustainability Report, titled 'Ideas with Energy', showcasing its sustainable business practices to enhance its scale, resiliency, and risk profile. The report emphasizes the company's focus on modernizing energy infrastructure to drive success, with three growth platforms strategically positioned in key economic markets.