With a market cap of $59.1 billion, Sempra (SRE) operates regulated utilities and energy infrastructure across the United States and Mexico. The company runs its business through three main segments: Sempra California; Sempra Texas Utilities; and Sempra Infrastructure, providing natural gas, electricity transmission and distribution, and energy infrastructure services.
Companies valued at $10 billion or more are generally classified as “large-cap” stocks, and Sempra fits this criterion perfectly. Sempra serves millions of customers and develops large-scale energy projects to support access to cleaner energy.
Shares of the San Diego, California-based company have fallen 10.6% from its 52-week high of $101.04. Over the past three months, its shares have declined 5.3%, underperforming the broader Nasdaq Composite’s ($NASX) 17.6% gain during the same period.
SRE stock is up 2.3% on a YTD basis, lagging behind NASX's 15.4% rise. Longer term, shares of the company have increased 18.2% over the past 52 weeks, compared to NASX’s 37.9% return over the same time frame.
The stock has been trading below its 50-day moving average since early April. However, it has remained above its 200-day moving average since mid July last year.
Shares of Sempra fell 2.2% on May 7 after the company reported Q1 2026 adjusted EPS of $1.51, which missed analysts’ estimates. The earnings miss was driven by lower natural gas sales and weaker revenue from its California utilities business, contributing to a decline in total revenue to $3.66 billion from $3.80 billion a year earlier. Additionally, earnings from Sempra’s California utilities segment slipped to $720 million from $724 million in the prior-year quarter, partially offsetting stronger performance from its Texas utilities business, where earnings increased to $171 million from $146 million.
In comparison, SRE stock has outperformed compared to its rival, Vistra Corp. (VST). VST stock has dropped 4.7% YTD and 11% over the past 52 weeks.
Despite the stock’s underperformance relative to the Nasdaq, analysts remain moderately optimistic on SRE. The stock has a consensus rating of “Moderate Buy” from 20 analysts in coverage, and the mean price target of $104.32 is a premium of 15.5% to current levels.
