Maple-brown Abbott Ltd buys $7,831,668 stake in Sempra Energy (SRE)

Sempra Energy (SRE) : Maple-brown Abbott Ltd scooped up 6,900 additional shares in Sempra Energy during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 73,200 shares of Sempra Energy which is valued at $7,831,668.Sempra Energy makes up approximately 2.40% of Maple-brown Abbott Ltd’s portfolio.

Other Hedge Funds, Including , Investment Centers Of America Inc sold out all of its stake in SRE during the most recent quarter. The investment firm sold 3,119 shares of SRE which is valued $333,671. Quantbot Technologies Lp sold out all of its stake in SRE during the most recent quarter. The investment firm sold 2,478 shares of SRE which is valued $273,447.Sfe Investment Counsel reduced its stake in SRE by selling 20 shares or 0.73% in the most recent quarter. The Hedge Fund company now holds 2,735 shares of SRE which is valued at $301,807. Sempra Energy makes up approx 0.14% of Sfe Investment Counsel’s portfolio.Gradient Investments reduced its stake in SRE by selling 300 shares or 4.11% in the most recent quarter. The Hedge Fund company now holds 6,992 shares of SRE which is valued at $789,746. Sempra Energy makes up approx 0.08% of Gradient Investments’s portfolio.

Sempra Energy opened for trading at $104.76 and hit $106.32 on the upside on Wednesday, eventually ending the session at $106.21, with a gain of 1.35% or 1.41 points. The heightened volatility saw the trading volume jump to 13,23,876 shares. Company has a market cap of $26,531 M.

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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