DBA Sempra has beaten earnings estimates in 3 of the last 4 quarters and displays strong price momentum with rising on-balance volume, but free cash flow is severely negative at -1,444% of net income, it operates at the nexus of California and Texas regulatory environments, and a put-to-call ratio of 2.58 signals elevated hedging activity.
Thesis pillars
- Severely Negative Free Cash Flow→Stable
- Earnings Beat Streak Execution↑Improving
- Price Momentum Volume Accumulation↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 26, 2026· older than 90 days
DBA Sempra (SRE) Stock Analysis
Recovery setup
Utilities · Utilities - Diversified
Hold if already holding. Not a fresh buy at $82.90, but acceptable to hold if already in. Reasons: Concentration risk — Geographic: California and Texas regulated utilities; Thin upside margin: 5.8%.
Sempra's regulated utility subsidiaries—SDG&E and SoCalGas in California, and Oncor (80.25%-owned) in Texas—serve approximately 3.6 million electric and 21.3 million gas customers under CPUC and PUCT regulation. Revenue flows from tariff-based cost-of-service rates, with Sempra... Read more
Hold if already holding. Not a fresh buy at $82.90, but acceptable to hold if already in. Reasons: Concentration risk — Geographic: California and Texas regulated utilities; Thin upside margin: 5.8%. Chart setup: Death cross but MACD improving, RSI 54. Mixed signals. Hold existing position. Score 5.7/10, moderate confidence.
Passes 6/10 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio and death cross (50MA < 200MA) and earnings proximity 0d<=7d. Suitability: moderate.
About DBA Sempra
About DBA Sempra
Sempra's regulated utility subsidiaries served a combined service area population of approximately 24.9 million in California—through SDG&E's electric and gas operations in a 4,100-square-mile Southern California territory and SoCalGas's natural gas network spanning 24,000 square miles—plus more than 4.1 million Oncor distribution points of delivery in Texas. The CPUC and PUCT set rates for California and Texas operations respectively, with Sempra holding an 80.25% interest in Oncor at December 31, 2025.
Sempra earns revenue through three reportable segments: Sempra California (SDG&E and SoCalGas), Sempra Texas Utilities (Oncor Holdings and Sharyland), and Sempra Infrastructure. SDG&E procures electricity from a mix of owned natural-gas plants (26% of 4,778 MW net capacity), wind and solar PPAs (53% combined), and tolling contracts with rates set by the CPUC; SoCalGas purchases natural gas from Canada, the U.S. Rockies, and southwestern U.S. at published indices and holds 137 Bcf of working storage capacity across four facilities. Oncor, ring-fenced and accounted for as an equity method investment, earns transmission and distribution tariff revenues approved by the PUCT across more than 120 Texas counties, with 127,398 circuit miles of overhead and underground distribution lines. Sempra Infrastructure, in which KKR Pinnacle holds 20% and ADIA holds 10% through SI Partners, includes LNG and energy-network assets in the U.S. and Mexico.
Show full overview
SoCalGas faces a single-facility storage dependency: the Aliso Canyon facility, with a working capacity of 86 Bcf, represents 63% of SoCalGas's total working natural gas storage and is subject to biennial CPUC administrative staff review. The CPUC has authorized up to 68.6 Bcf of working gas at the site, below the facility's full capacity. Any further CPUC-imposed restriction on Aliso Canyon's injection or withdrawal rights could weigh on SoCalGas's ability to balance seasonal gas demand across its 24,000-square-mile service territory.
See also: Utilities · Utilities - Diversified
From DBA Sempra's most recent 10-K filing, extracted June 11, 2026.
Recent developments
updated Nov 4, 2026Recent Developments — DBA Sempra
Latest news
- NEWS Toyota, ConocoPhillips On Deck Thursday As Auto Demand, Oil Prices Face Test — benzinga Nov 4, 2026 neutral
- NEWS Is Sempra (SRE) Stock Too Rich Or Still Reasonable? - Yahoo Finance — Yahoo Finance Nov 1, 2026 neutral
- NEWS Sempra (SRE) Recovery Puts Its Undervalued Narrative To The Test - Yahoo Finance — Yahoo Finance Nov 1, 2026 positive
- NEWS Sempra (SRE) Earnings Setup Puts Its Capital Plan And Valuation In Focus - Simply Wall St — Simply Wall St Oct 31, 2026 neutral
- NEWS SRE Holdings Company Profile & Introduction - Moomoo — Moomoo Oct 29, 2026 neutral
Latest item Nov 4, 2026 · Generated 2026-11-05T11:44:09Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHGeographicCalifornia and Texas regulated utilities10-K Item 1: 'principal businesses are regulated utilities in California and Texas'
- MEDIUMregulatoryCPUC10-K Item 1: 'subject to a biennial administrative staff review by the CPUC'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. People who build TrendMatrix, or entities they control, may hold positions, long or short, in securities it covers, and may trade them at any time. Positions are not disclosed individually. Verdicts are generated by an automated model applied by the same rules to every covered stock, and are not adjusted for any position held by the people who build TrendMatrix. We do not accept payment from issuers for coverage.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Rating Breakdown
1 floor-breaker
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $82.90, but acceptable to hold if already in. Reasons: Concentration risk — Geographic: California and Texas regulated utilities; Thin upside margin: 5.8%. Chart setup: Death cross but MACD improving, RSI 54. Mixed signals. Hold existing position. Analyst target $87.68 (+5.8%), stop $79.74 (−4.0%), A.R:R 1.1:1. Score 5.7/10, moderate confidence.
Analyst target: $87.68 (+5.8% upside). Analyst target $87.68 (+5.8%), stop $79.74 (−4.0%), A.R:R 1.1:1. Stop-loss: $79.74.
Concentration risk — Geographic: California and Texas regulated utilities; Thin upside margin: 5.8%; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.9).
DBA Sempra trades at a P/E of 24.0 (forward 15.0). TrendMatrix value score: 6.4/10. Verdict: Hold.
26 analysts rate SRE, with a consensus score of 4.0/5. 19 analysts publish price targets averaging $97.
What does DBA Sempra do?Sempra's regulated utility subsidiaries—SDG&E and SoCalGas in California, and Oncor (80.25%-owned) in Texas—serve...
Sempra's regulated utility subsidiaries—SDG&E and SoCalGas in California, and Oncor (80.25%-owned) in Texas—serve approximately 3.6 million electric and 21.3 million gas customers under CPUC and PUCT regulation. Revenue flows from tariff-based cost-of-service rates, with Sempra Infrastructure adding LNG and energy-network assets in the U.S. and Mexico.