Diversified Portfolios Lowers stake in Sempra Energy (SRE)

Sempra Energy (SRE) : Diversified Portfolios reduced its stake in Sempra Energy by 16.01% during the most recent quarter end. The investment management company now holds a total of 2,513 shares of Sempra Energy which is valued at $262,357 after selling 479 shares in Sempra Energy , the firm said in a disclosure report filed with the SEC on May 10, 2016.Sempra Energy makes up approximately 0.17% of Diversified Portfolios’s portfolio.

Other Hedge Funds, Including , Massmutual Trust Co Fsbadv reduced its stake in SRE by selling 33 shares or 32.35% in the most recent quarter. The Hedge Fund company now holds 69 shares of SRE which is valued at $7,204.Sfe Investment Counsel reduced its stake in SRE by selling 1,520 shares or 35.56% in the most recent quarter. The Hedge Fund company now holds 2,755 shares of SRE which is valued at $287,622. Sempra Energy makes up approx 0.13% of Sfe Investment Counsel’s portfolio.Mcf Advisors boosted its stake in SRE in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 106 shares of Sempra Energy which is valued at $11,105.Whittier Trust Co reduced its stake in SRE by selling 1,503 shares or 39.17% in the most recent quarter. The Hedge Fund company now holds 2,334 shares of SRE which is valued at $241,219. Sempra Energy makes up approx 0.01% of Whittier Trust Co’s portfolio.Sumitomo Life Insurance Co reduced its stake in SRE by selling 216 shares or 2.55% in the most recent quarter. The Hedge Fund company now holds 8,261 shares of SRE which is valued at $853,774. Sempra Energy makes up approx 0.11% of Sumitomo Life Insurance Co’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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