Electron Capital Partners buys $13,907,523 stake in Sempra Energy (SRE)

Sempra Energy (SRE) : Electron Capital Partners scooped up 19,413 additional shares in Sempra Energy during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 129,989 shares of Sempra Energy which is valued at $13,907,523.Sempra Energy makes up approximately 5.53% of Electron Capital Partners’s portfolio.

Other Hedge Funds, Including , Two Sigma Investments Lp reduced its stake in SRE by selling 630,241 shares or 87.56% in the most recent quarter. The Hedge Fund company now holds 89,539 shares of SRE which is valued at $9,579,778. Sempra Energy makes up approx 0.04% of Two Sigma Investments Lp’s portfolio. Gideon Capital Advisors added SRE to its portfolio by purchasing 3,224 company shares during the most recent quarter which is valued at $344,936. Sempra Energy makes up approx 0.19% of Gideon Capital Advisors’s portfolio. 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.

Sempra Energy closed down -0.93 points or -0.89% at $103.7 with 8,45,992 shares getting traded on Thursday. Post opening the session at $104.7, the shares hit an intraday low of $103.38 and an intraday high of $104.87 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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