Integrated Wealth Management Lowers stake in Sempra Energy (SRE)

Sempra Energy (SRE) : Integrated Wealth Management reduced its stake in Sempra Energy by 24.15% during the most recent quarter end. The investment management company now holds a total of 4,412 shares of Sempra Energy which is valued at $486,864 after selling 1,405 shares in Sempra Energy , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Sempra Energy makes up approximately 0.19% of Integrated Wealth Management’s portfolio.

Other Hedge Funds, Including , Uss Investment Management Ltd reduced its stake in SRE by selling 2,800 shares or 4.44% in the most recent quarter. The Hedge Fund company now holds 60,312 shares of SRE which is valued at $6,655,429. Sempra Energy makes up approx 0.11% of Uss Investment Management Ltd’s portfolio. Tiaa Cref Trust Co Fsbmo added SRE to its portfolio by purchasing 11,730 company shares during the most recent quarter which is valued at $1,334,639. Sempra Energy makes up approx 0.01% of Tiaa Cref Trust Co Fsbmo’s portfolio.

Sempra Energy closed down -0.06 points or -0.05% at $110.29 with 10,57,251 shares getting traded on Thursday. Post opening the session at $110.39, the shares hit an intraday low of $109.45 and an intraday high of $111.36 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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