Pictet Asset Management Ltd buys $224,622,081 stake in Sempra Energy (SRE)

Sempra Energy (SRE) : Pictet Asset Management Ltd scooped up 307,923 additional shares in Sempra Energy during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 2,099,468 shares of Sempra Energy which is valued at $224,622,081.Sempra Energy makes up approximately 0.84% of Pictet Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , Edgestream Partners boosted its stake in SRE in the latest quarter, The investment management firm added 59 additional shares and now holds a total of 3,899 shares of Sempra Energy which is valued at $417,154. Sempra Energy makes up approx 0.55% of Edgestream Partners’s portfolio.Fulton Breakefield Broenniman boosted its stake in SRE in the latest quarter, The investment management firm added 754 additional shares and now holds a total of 41,790 shares of Sempra Energy which is valued at $4,611,527. Sempra Energy makes up approx 0.93% of Fulton Breakefield Broenniman’s portfolio. Buckingham Asset Management added SRE to its portfolio by purchasing 1,898 company shares during the most recent quarter which is valued at $209,444. Sempra Energy makes up approx 0.07% of Buckingham Asset Management’s portfolio.True Private Wealth Advisors boosted its stake in SRE in the latest quarter, The investment management firm added 36 additional shares and now holds a total of 2,874 shares of Sempra Energy which is valued at $317,146. Sempra Energy makes up approx 0.10% of True Private Wealth Advisors’s portfolio.

Sempra Energy opened for trading at $104.83 and hit $105.41 on the upside on Monday, eventually ending the session at $104.75, with a gain of 0.30% or 0.31 points. The heightened volatility saw the trading volume jump to 12,09,225 shares. Company has a market cap of $26,167 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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