Duff Phelps Investment Management Co buys $104,875,363 stake in Sempra Energy (SRE)

Sempra Energy (SRE) : Duff Phelps Investment Management Co scooped up 53,575 additional shares in Sempra Energy during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 1,008,320 shares of Sempra Energy which is valued at $104,875,363.Sempra Energy makes up approximately 1.52% of Duff Phelps Investment Management Co’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc boosted its stake in SRE in the latest quarter, The investment management firm added 74,206 additional shares and now holds a total of 1,710,814 shares of Sempra Energy which is valued at $175,820,355. Sempra Energy makes up approx 0.18% of Legal General Group Plc’s portfolio.Eagle Asset Management Inc boosted its stake in SRE in the latest quarter, The investment management firm added 16,540 additional shares and now holds a total of 454,688 shares of Sempra Energy which is valued at $46,728,286. Sempra Energy makes up approx 0.32% of Eagle Asset Management Inc’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in SRE by selling 8,962 shares or 20.94% in the most recent quarter. The Hedge Fund company now holds 33,841 shares of SRE which is valued at $3,476,486. Sempra Energy makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

Sempra Energy closed down -0.59 points or -0.56% at $104.01 with 9,75,025 shares getting traded on Friday. Post opening the session at $105.21, the shares hit an intraday low of $103.68 and an intraday high of $105.21 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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