Sempra Energy
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Utilities : Multi-Utilities | Large Cap Value
Company profile

Sempra Energy is an energy infrastructure company. The Company invests in, develops and operates energy infrastructure, and provides electric and gas services to customers through regulated public utilities. The Company’s segments are San Diego Gas & Electric Company (SDG&E), Southern California Gas Company (SoCalGas), Sempra Texas Utilities, Sempra Mexico, and Sempra Liquefied Natural Gas (LNG). SDG&E provides electric services and natural gas services. SoCalGas owns and operates a natural gas distribution, transmission and storage system that supplies natural gas. Sempra Mexico segment includes energy infrastructure business. Sempra LNG develops, builds, operates and invests in natural gas liquefaction export facilities, including natural gas pipelines and infrastructure, and buys, sells and transports natural gas through its marketing operations, all within North America. Sempra Texas Utilities includes its investment in Oncor Holdings.

Closing Price
$131.17
Day's Change
0.91 (0.70%)
Bid
--
Ask
--
B/A Size
--
Day's High
131.39
Day's Low
130.31
Volume
(Light)
Volume:
556,213

10-day average volume:
1,278,128
556,213

SLQT ALERT - Nationally Ranked Shareholder Rights Firm Labaton Sucharow is Investigating SelectQuote, Inc. (NYSE:SLQT) for Potential Securities Violations and Breach of Fiduciary Duty

5:30 pm ET September 9, 2021 (Accesswire) Print

NEW YORK, NY / ACCESSWIRE / September 9, 2021 / Labaton Sucharow, a nationally ranked and award-winning shareholder rights firm, is investigating potential securities violations and breach of fiduciary duty claims against SelectQuote, Inc. (NYSE:SLQT).

Image: https://www.accesswire.com/users/newswire/images/587159/Blue-Box-Logo.jpg

On May 11, 2021, SelectQuote held a conference call in connection with its third quarter 2021 financial results during which it disclosed that its fourth quarter results would be impacted by a 'negative cohort and tail adjustment' due to 'lower second-term persistency for the 2019 cohort.'

On this news, the Company's share price fell $5.50, or 20%, to close at $21.90 per share on May 12, 2021, on unusually heavy trading volume.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants made material misrepresentations concerning the following: (1) that SelectQuote's 2019 cohort was underperforming; (2) that, as a result, the Company's financial results would be adversely impacted; and (3) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Investors who purchased or otherwise acquired SelectQuote, Inc. ('SelectQuote' or 'the Company') (NYSE:SLQT) securities between February 8, 2021 and May 11, 2021, inclusive (the 'Class Period') are hereby notified that they have until October 15, 2021 to move the Court to serve as lead plaintiff in this action.

If you currently own stock or options in SelectQuote, Inc. and suffered a loss, click here to participate.

If you want to receive additional information and protect your investments free of charge, please contact David J. Schwartz using the toll-free number (800) 321-0476 or via email at david@labaton.com.

About the Firm

Labaton Sucharow LLP is one of the world's leading complex litigation firms representing clients in securities, antitrust, corporate governance and shareholder rights, and consumer cybersecurity and data privacy litigation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at Labaton.com.

CONTACT:

David J. Schwartz

(800) 321-0476

david@labaton.com

SOURCE: Labaton Sucharow LLP

View source version on accesswire.com:

https://www.accesswire.com/663445/SLQT-ALERT--Nationally-Ranked-Shareholder-Rights-Firm-Labaton-Sucharow-is-Investigating-SelectQuote-Inc-NYSESLQT-for-Potential-Securities-Violations-and-Breach-of-Fiduciary-Duty

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COMTEX_393078018/2457/2021-09-09T17:30:06

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