First Hawaiian Bank Lowers stake in Sempra Energy (SRE)

Sempra Energy (SRE) : First Hawaiian Bank reduced its stake in Sempra Energy by 0.75% during the most recent quarter end. The investment management company now holds a total of 5,797 shares of Sempra Energy which is valued at $661,670 after selling 44 shares in Sempra Energy , the firm said in a disclosure report filed with the SEC on Jul 13, 2016.Sempra Energy makes up approximately 0.11% of First Hawaiian Bank’s portfolio.

Other Hedge Funds, Including , Gofen Glossberg Il reduced its stake in SRE by selling 47 shares or 1.24% in the most recent quarter. The Hedge Fund company now holds 3,743 shares of SRE which is valued at $427,226. Sempra Energy makes up approx 0.02% of Gofen Glossberg Il’s portfolio.Gateway Investment Advisers reduced its stake in SRE by selling 334 shares or 2.03% in the most recent quarter. The Hedge Fund company now holds 16,118 shares of SRE which is valued at $1,839,709. Sempra Energy makes up approx 0.02% of Gateway Investment Advisers’s portfolio.Laurel Wealth Advisors reduced its stake in SRE by selling 848 shares or 4.98% in the most recent quarter. The Hedge Fund company now holds 16,167 shares of SRE which is valued at $1,844,816. Sempra Energy makes up approx 0.90% of Laurel Wealth Advisors’s portfolio.

Sempra Energy opened for trading at $112.93 and hit $113.45 on the upside on Monday, eventually ending the session at $112.95, with a gain of 0.02% or 0.02 points. The heightened volatility saw the trading volume jump to 10,01,929 shares. Company has a market cap of $28,181 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.

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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