Sempra (SRE) in Fidelity Select Utilities Portfolio Q3 2024

Multi-Utility Leader with Strong Dividend Growth

Apr 14, 2025

Summary

Offers above-average dividend growth supported by a solid business model.
Positioned to benefit from the transition to renewable energy sources.
Potential risks include regulatory challenges and market competition.
Recent performance driven by strategic investments in clean energy.
Future outlook positive with continued focus on renewable energy and infrastructure development.

Sempra (SRE, Financial) was highlighted in the Fidelity Select Utilities Portfolio Q3 2024 review as a significant holding, reflecting its strong dividend growth and strategic positioning in the multi-utilities sector. The company is well-positioned to benefit from the ongoing transition to renewable energy sources.

"We also like the dividend growth offered by certain electric utilities companies. At quarter end, stocks in this segment represented about 61% of fund assets..." — Fidelity Select Utilities Portfolio, Q3 2024 Fund Letter

Read full letter at gurufocus fidelity select utilities portfolio q3 2024 review 2024 Q3 page.

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