Reading the tape
NYSE: SRE
Sempra
Utilities · Diversified Utilities
Market Cap
$59.80B
52w High
$101.04
52w Low
$73.06
P/E
28.90
Volume
3.37M
Outstanding Shares
653.33M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
1Y Price: 20.8%Revenue (TTM): 3.09%FCF (TTM): -43.26%P/E: 71st pct
What changed
The stock rose 20.8% over the last year. Revenue grew 3.09% over the trailing twelve months. Operating margin moved from 22.38% to 25.03%. Free cash flow declined 43.26% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 25.03%. A decisive move in revenue — currently up 3.09% — would be the clearest signal to resolve the ambiguity.
Company profile
Sempra operates as an energy-services holding company in the United States and internationally.
CEOJeffrey Walker Martin
SectorUtilities
IndustryDiversified Utilities
Employees16,773
IPO dateJun 29, 1998
Valuation
Forward P/E—
EV/EBITDA13.67
Enterprise value$93.91B
Stock splits
Aug 22, 2023↑ Forward
Every 1 shares became 2
Jun 29, 1998↑ Forward
Every 1000 shares became 1503
May 28, 1992↑ Forward
Every 1 shares became 2
Profitability & growth
Revenue growth-3.77%
Gross margin30.61%▲7.18%vs FY2024
Operating margin25.03%▲8.58%vs FY2024
ROE5.81%▼36.57%vs FY2024
Analyst consensus
RatingBuy
Target price$107.00▲16.90%
20
Buy
5
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 6, 2026
Q3 FY26 · EPS est $1.03 · Revenue est $3.04B
View
Dividends
$2.59/shareQuarterlyDividend Aristocrat · 25yrAt RiskSRE pays a dividend with a 2.83% dividend yield, 25 consecutive years of growth, growing at 4.13% annually, covered -3.7× by free cash flow.
Dividend Yield
2.83%
Annual Div / Share
$2.59
5yr CAGR
+4.13%
Doubles every ~17.1yr
Payout Ratio
80.77%
At Risk
Dividend Growth Rate
3yr CAGR
+3.88%
5yr CAGR
+4.13%
10yr CAGR
+6.15%
Dividend Safety
1/10At Risk
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$2.59+3.5%
2024$2.50+4.2%
2023$2.40+4.0%
2022$2.31+4.0%
2021$2.22+5.0%
2020$2.12+7.3%
2019$1.97+8.1%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$28/yr
$2/mo
In 5 yrs
$35/yr+22%
$3/mo
In 10 yrs
$42/yr+50%
$4/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$28/yr $2/mo | $35/yr+22% $3/mo | $42/yr+50% $4/mo |
Yield-on-cost grows from 2.83% → 4.25% over 10yr
Analysis
Dividend Strengths
Dividend Aristocrat
SRE has raised its dividend for 25 consecutive years — qualifying as a Dividend Aristocrat, demonstrating long-term commitment to shareholder income.
Risks to Watch
High payout ratio
With 80.77% of earnings paid as dividends, there is limited retained earnings for reinvestment — and a dividend cut becomes more likely if earnings decline.
Dividend exceeds free cash flow
Free cash flow covers only -3.68× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.