Lnz Capital Lp Lowers stake in Sempra Energy (SRE)

Sempra Energy (SRE) : Lnz Capital Lp reduced its stake in Sempra Energy by 19.25% during the most recent quarter end. The investment management company now holds a total of 738,374 shares of Sempra Energy which is valued at $78,998,634 after selling 176,028 shares in Sempra Energy , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Sempra Energy makes up approximately 13.32% of Lnz Capital Lp’s portfolio.

Other Hedge Funds, Including , Arizona State Retirement System boosted its stake in SRE in the latest quarter, The investment management firm added 2,400 additional shares and now holds a total of 96,627 shares of Sempra Energy which is valued at $10,338,123. Sempra Energy makes up approx 0.13% of Arizona State Retirement System’s portfolio.Tiaa Cref Investment Management boosted its stake in SRE in the latest quarter, The investment management firm added 55,779 additional shares and now holds a total of 1,938,173 shares of Sempra Energy which is valued at $207,365,129. Sempra Energy makes up approx 0.15% of Tiaa Cref Investment Management’s portfolio.Commonwealth Equity Services Inc reduced its stake in SRE by selling 521 shares or 1.43% in the most recent quarter. The Hedge Fund company now holds 35,886 shares of SRE which is valued at $3,841,237. Sempra Energy makes up approx 0.03% of Commonwealth Equity Services Inc’s portfolio.California State Teachers Retirement System boosted its stake in SRE in the latest quarter, The investment management firm added 3,880 additional shares and now holds a total of 544,785 shares of Sempra Energy which is valued at $60,117,025. Sempra Energy makes up approx 0.13% of California State Teachers Retirement System’s portfolio.Atwood Palmer Inc reduced its stake in SRE by selling 2,400 shares or 37.5% in the most recent quarter. The Hedge Fund company now holds 4,000 shares of SRE which is valued at $455,120. Sempra Energy makes up approx 0.08% of Atwood Palmer Inc’s portfolio.

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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