Sempra Energy (SRE) : Pensionfund Dsm Netherlands reduced its stake in Sempra Energy by 3.06% during the most recent quarter end. The investment management company now holds a total of 34,900 shares of Sempra Energy which is valued at $3.6 Million after selling 1,100 shares in Sempra Energy according to a report filed by the company on Apr 4, 2016 with the SEC.Sempra Energy makes up approximately 0.49% of Pensionfund Dsm Netherlands’s portfolio.
Other Hedge Funds, Including , Pensionfund Sabic reduced its stake in SRE by selling 1,400 shares or 7.78% in the most recent quarter. The Hedge Fund company now holds 16,600 shares of SRE which is valued at $1.7 Million. Sempra Energy makes up approx 0.52% of Pensionfund Sabic’s portfolio.
On the company’s financial health, Sempra Energy reported $1.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Feb 26, 2016. Analyst had a consensus of $1.32. The company had revenue of $2701.00 million for the quarter, compared to analysts expectations of $3805.57 million. The company’s revenue was down -1.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.18 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 .Shares were Reiterated by RBC Capital Mkts on Jan 25, 2016 to “Outperform” and Lowered the Price Target to $ 116 from a previous price target of $119 .
Sempra Energy closed down -0.92 points or -0.88% at $103.32 with 8,87,522 shares getting traded on Monday. Post opening the session at $104.32, the shares hit an intraday low of $103.12 and an intraday high of $104.87 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Sempra Energy is a holding company. The Companys 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 Companys 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.