Newfocus Financial Group buys $3,388,805 stake in Sempra Energy (SRE)

Sempra Energy (SRE) : Newfocus Financial Group scooped up 28,671 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 31,677 shares of Sempra Energy which is valued at $3,388,805.Sempra Energy makes up approximately 2.41% of Newfocus Financial Group’s portfolio.

Other Hedge Funds, Including , Longbow Capital Partners reduced its stake in SRE by selling 12,445 shares or 69.14% in the most recent quarter. The Hedge Fund company now holds 5,555 shares of SRE which is valued at $594,274. Sempra Energy makes up approx 13.30% of Longbow Capital Partners’s portfolio.Bnp Paribas Investment Partners S.a. reduced its stake in SRE by selling 198 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 46,287 shares of SRE which is valued at $4,952,246. Sempra Energy makes up approx 0.04% of Bnp Paribas Investment Partners S.a.’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.Jennison Associates reduced its stake in SRE by selling 80,276 shares or 4.44% in the most recent quarter. The Hedge Fund company now holds 1,729,542 shares of SRE which is valued at $190,854,960. Sempra Energy makes up approx 0.20% of Jennison Associates’s portfolio.First Midwest Bank Trust Division boosted its stake in SRE in the latest quarter, The investment management firm added 3,733 additional shares and now holds a total of 14,279 shares of Sempra Energy which is valued at $1,583,541. Sempra Energy makes up approx 0.19% of First Midwest Bank Trust Division’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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