Sempra (SRE) in Fidelity Select Utilities Portfolio Q2 2024

Diversified Utility with Strong Dividend Growth

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Apr 15, 2025
Summary
  • Operates in multiple utility segments, providing diversification.
  • Focus on dividend growth aligns with the fund's investment strategy.
  • Risks include exposure to regulatory environments and market fluctuations.
  • Recent performance supported by stable earnings and strategic investments.
  • Future outlook is positive with continued emphasis on infrastructure development.

Sempra (SRE, Financial) was featured in the Fidelity Select Utilities Portfolio Q2 2024 review as a key holding, underscoring its role in the fund's strategy of investing in utilities with strong dividend growth. The company's diversified operations across multiple utility segments provide stability and growth potential, making it an attractive investment in the current market environment.

"We also like the dividend growth offered by certain electric utilities companies, and we maintained a notable overweight in this segment..." — Fidelity Select Utilities Portfolio, Q2 2024 Fund Letter

Read full letter at gurufocus fidelity select utilities portfolio q2 2024 review 2024 Q2 page.