Cetera Advisor Networks Lowers stake in Sempra Energy (SRE)

Sempra Energy (SRE) : Cetera Advisor Networks reduced its stake in Sempra Energy by 2.34% during the most recent quarter end. The investment management company now holds a total of 28,926 shares of Sempra Energy which is valued at $3,094,793 after selling 693 shares in Sempra Energy , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Sempra Energy makes up approximately 0.17% of Cetera Advisor Networks’s portfolio.

Other Hedge Funds, Including , Neumann Capital Management boosted its stake in SRE in the latest quarter, The investment management firm added 16 additional shares and now holds a total of 2,284 shares of Sempra Energy which is valued at $244,365. Sempra Energy makes up approx 0.16% of Neumann Capital Management’s portfolio.Maple-brown Abbott Ltd boosted its stake in SRE in the latest quarter, The investment management firm added 6,900 additional shares and now holds a total of 73,200 shares of Sempra Energy which is valued at $7,831,668. Sempra Energy makes up approx 2.40% of Maple-brown Abbott Ltd’s portfolio.Feltz Wealth Plan reduced its stake in SRE by selling 450 shares or 84.11% in the most recent quarter. The Hedge Fund company now holds 85 shares of SRE which is valued at $9,094.Candriam Luxembourg S.c.a. boosted its stake in SRE in the latest quarter, The investment management firm added 1,568 additional shares and now holds a total of 9,101 shares of Sempra Energy which is valued at $1,009,301. Sempra Energy makes up approx 0.03% of Candriam Luxembourg S.c.a.’s portfolio.

Sempra Energy closed down -0.51 points or -0.47% at $107.95 with 10,52,905 shares getting traded on Friday. Post opening the session at $108.05, the shares hit an intraday low of $107.23 and an intraday high of $108.625 and the price fluctuated in this range throughout the day.Shares ended Friday 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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