Cutter Co Brokerage Lowers stake in Sempra Energy (SRE)

Sempra Energy (SRE) : Cutter Co Brokerage reduced its stake in Sempra Energy by 0.31% during the most recent quarter end. The investment management company now holds a total of 14,615 shares of Sempra Energy which is valued at $1,612,765 after selling 45 shares in Sempra Energy , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Sempra Energy makes up approximately 0.69% of Cutter Co Brokerage’s portfolio.

Other Hedge Funds, Including , Harel Insurance Investments Financial Services Ltd. added SRE to its portfolio by purchasing 50 company shares during the most recent quarter which is valued at $5,518. Riggs Asset Managment added SRE to its portfolio by purchasing 1,000 company shares during the most recent quarter which is valued at $111,880. Sempra Energy makes up approx 0.06% of Riggs Asset Managment’s portfolio.Ls Investment Advisors boosted its stake in SRE in the latest quarter, The investment management firm added 9,331 additional shares and now holds a total of 19,589 shares of Sempra Energy which is valued at $2,228,836. Sempra Energy makes up approx 0.15% of Ls Investment Advisors’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in SRE in the latest quarter, The investment management firm added 3,942 additional shares and now holds a total of 61,353 shares of Sempra Energy which is valued at $7,000,991. Sempra Energy makes up approx 0.15% of Exxonmobil Investment Management Inc Tx’s portfolio.

Sempra Energy closed down -0.06 points or -0.06% at $106.98 with 10,45,912 shares getting traded on Monday. Post opening the session at $107.04, the shares hit an intraday low of $106.78 and an intraday high of $108.29 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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