Beach Investment Counsel Incpa Lowers stake in Sempra Energy (SRE)

Sempra Energy (SRE) : Beach Investment Counsel Incpa reduced its stake in Sempra Energy by 1.18% during the most recent quarter end. The investment management company now holds a total of 188,472 shares of Sempra Energy which is valued at $17,855,837 after selling 2,255 shares in Sempra Energy , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Sempra Energy makes up approximately 2.19% of Beach Investment Counsel Incpa’s portfolio.

Other Hedge Funds, Including , Electron Capital Partners boosted its stake in SRE in the latest quarter, The investment management firm added 220,067 additional shares and now holds a total of 340,222 shares of Sempra Energy which is valued at $32,232,632. Sempra Energy makes up approx 8.87% of Electron Capital Partners’s portfolio.Edge Asset Management Inc reduced its stake in SRE by selling 5,558 shares or 0.55% in the most recent quarter. The Hedge Fund company now holds 1,011,532 shares of SRE which is valued at $98,361,372. Sempra Energy makes up approx 0.83% of Edge Asset Management Inc’s portfolio.Daiwa Securities Group boosted its stake in SRE in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 5,750 shares of Sempra Energy which is valued at $587,075.Sumitomo Life Insurance Co reduced its stake in SRE by selling 908 shares or 11.41% in the most recent quarter. The Hedge Fund company now holds 7,049 shares of SRE which is valued at $750,084. Sempra Energy makes up approx 0.11% of Sumitomo Life Insurance Co’s portfolio.

Sempra Energy opened for trading at $99.46 and hit $100.65 on the upside on Monday, eventually ending the session at $99.82, with a gain of 0.29% or 0.29 points. The heightened volatility saw the trading volume jump to 19,74,404 shares. Company has a market cap of $24,961 M.

On the company’s financial health, Sempra Energy reported $1.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $0.95. The company had revenue of $2535.00 million for the quarter, compared to analysts expectations of $2682.35 million. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 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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