Pure Financial Advisors Lowers stake in Sempra Energy (SRE)

Sempra Energy (SRE) : Pure Financial Advisors reduced its stake in Sempra Energy by 7.42% during the most recent quarter end. The investment management company now holds a total of 3,867 shares of Sempra Energy which is valued at $441,379 after selling 310 shares in Sempra Energy , the firm said in a disclosure report filed with the SEC on Jul 13, 2016.Sempra Energy makes up approximately 0.15% of Pure Financial Advisors’s portfolio.

Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in SRE in the latest quarter, The investment management firm added 605 additional shares and now holds a total of 22,730 shares of Sempra Energy which is valued at $2,594,402. Sempra Energy makes up approx 0.08% of Capstone Asset Management Co’s portfolio.Creative Planning boosted its stake in SRE in the latest quarter, The investment management firm added 9,896 additional shares and now holds a total of 32,461 shares of Sempra Energy which is valued at $3,705,099. Sempra Energy makes up approx 0.03% of Creative Planning’s portfolio.Chevy Chase Trust Holdings boosted its stake in SRE in the latest quarter, The investment management firm added 3,200 additional shares and now holds a total of 204,778 shares of Sempra Energy which is valued at $23,367,218. Sempra Energy makes up approx 0.13% of Chevy Chase Trust Holdings’s portfolio.Dnb Asset Management As boosted its stake in SRE in the latest quarter, The investment management firm added 2,800 additional shares and now holds a total of 21,387 shares of Sempra Energy which is valued at $2,440,471. Sempra Energy makes up approx 0.05% of Dnb Asset Management As’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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