Sempra (NYSE: SRE)

This investigation is for anyone who acquired securities in Sempra (NYSE: SRE) from February 27, 2024 through February 25, 2025.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by failing to timely update guidance.

On February 25, 2025, before the market opened, Sempra released its fourth quarter and full year 2024 financial results, reporting $3.76 billion in annual revenue, which missed consensus estimates by $970 million. The Company also lowered its 2025 earnings guidance to $4.50 per share at the midpoint, compared to the previous outlook of $5.00 per share at the midpoint. The Company blamed the disappointing results on, among other things, “higher interest and operating expenses and lower consumption primarily due to mild weather.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Sempra (NYSE: SRE) from February 27, 2024 through February 25, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.