Reaves W H Co Inc buys $119.7 Million stake in Sempra Energy (SRE)

Sempra Energy (SRE) : Reaves W H Co Inc scooped up 127,808 additional shares in Sempra Energy during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 1,146,754 shares of Sempra Energy which is valued at $119.7 Million.Sempra Energy makes up approximately 4.28% of Reaves W H Co Inc’s portfolio.

Other Hedge Funds, Including , Shell Asset Management Co boosted its stake in SRE in the latest quarter, The investment management firm added 11,879 additional shares and now holds a total of 60,197 shares of Sempra Energy which is valued at $6.3 Million. Sempra Energy makes up approx 0.15% of Shell Asset Management Co’s portfolio. Spot Trading L.l.c sold out all of its stake in SRE during the most recent quarter. The investment firm sold 1,691 shares of SRE which is valued $176,540.High Pointe Capital Management reduced its stake in SRE by selling 70 shares or 0.55% in the most recent quarter. The Hedge Fund company now holds 12,550 shares of SRE which is valued at $1.3 Million. Sempra Energy makes up approx 1.91% of High Pointe Capital Management’s portfolio.Cambridge Investment Research Advisors boosted its stake in SRE in the latest quarter, The investment management firm added 1,011 additional shares and now holds a total of 5,483 shares of Sempra Energy which is valued at $574,399. Sempra Energy makes up approx 0.01% of Cambridge Investment Research Advisors’s portfolio.

Sempra Energy opened for trading at $104.49 and hit $105.19 on the upside on Monday, eventually ending the session at $104.61, with a gain of 0.20% or 0.21 points. The heightened volatility saw the trading volume jump to 10,71,215 shares. Company has a market cap of $26,100 M.

On the company’s financial health, Sempra Energy reported $1.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.39 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $1.66. The company had revenue of $2622.00 million for the quarter, compared to analysts expectations of $3053.53 million. The company’s revenue was down -2.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.71 EPS.

Many Wall Street Analysts have commented on Sempra Energy. Shares were Reiterated by Barclays on Feb 29, 2016 to “Overweight” and Lowered the Price Target to $ 110 from a previous price target of $111 .

Sempra Energy is a holding company. The Company’s principal operating units are San Diego Gas & Electric Company (SDG&E) and Southern California Gas Company (SoCalGas); Sempra International which includes Sempra South American Utilities and Sempra Mexico segments and Sempra U.S. Gas & Power which includes Sempra Renewables and Sempra Natural Gas segments. Sempra Mexico segment includes the operating companies of the Company’s subsidiary Infraestructura Energetica Nova S.A.B. de C.V. as well as certain holding companies and risk management activity. SoCalGas and SDG&E sell distribute and transport natural gas. The Company’s units distribute electricity. SoCalGas also provides natural gas storage services.

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