Longbow Capital Partners Lowers stake in Sempra Energy (SRE)

Sempra Energy (SRE) : Longbow Capital Partners reduced its stake in Sempra Energy by 69.14% during the most recent quarter end. The investment management company now holds a total of 5,555 shares of Sempra Energy which is valued at $594,274 after selling 12,445 shares in Sempra Energy , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Sempra Energy makes up approximately 13.30% of Longbow Capital Partners’s portfolio.

Other Hedge Funds, Including , Wesbanco Bank Inc reduced its stake in SRE by selling 264 shares or 9.3% in the most recent quarter. The Hedge Fund company now holds 2,575 shares of SRE which is valued at $275,499. Sempra Energy makes up approx 0.02% of Wesbanco Bank Inc’s portfolio.Glenmede Trust Co Na boosted its stake in SRE in the latest quarter, The investment management firm added 3,083 additional shares and now holds a total of 7,883 shares of Sempra Energy which is valued at $843,796.Sheaff Brock Investment Advisors boosted its stake in SRE in the latest quarter, The investment management firm added 6 additional shares and now holds a total of 5,301 shares of Sempra Energy which is valued at $567,419. Sempra Energy makes up approx 0.07% of Sheaff Brock Investment Advisors’s portfolio.Calvert Investment Management boosted its stake in SRE in the latest quarter, The investment management firm added 1,630 additional shares and now holds a total of 54,119 shares of Sempra Energy which is valued at $5,792,898. Sempra Energy makes up approx 0.29% of Calvert Investment Management’s portfolio.

Sempra Energy opened for trading at $104.76 and hit $106.32 on the upside on Wednesday, eventually ending the session at $106.21, with a gain of 1.35% or 1.41 points. The heightened volatility saw the trading volume jump to 13,23,876 shares. Company has a market cap of $26,531 M.

On the company’s financial health, Sempra Energy reported $0.79 EPS for the quarter, missing the analyst consensus estimate by $ -0.18 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.97. The company had revenue of $2156.00 million for the quarter, compared to analysts expectations of $2616.55 million. The company’s revenue was down -8.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.03 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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