Passport Capital buys $103,306,548 stake in Sempra Energy (SRE)

Sempra Energy (SRE) : Passport Capital scooped up 618,001 additional shares in Sempra Energy during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 965,572 shares of Sempra Energy which is valued at $103,306,548.Sempra Energy makes up approximately 3.03% of Passport Capital’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.Renaissance Technologies reduced its stake in SRE by selling 145,700 shares or 6.94% in the most recent quarter. The Hedge Fund company now holds 1,953,500 shares of SRE which is valued at $209,004,965. Sempra Energy makes up approx 0.38% of Renaissance Technologies’s portfolio.High Pointe Capital Management reduced its stake in SRE by selling 690 shares or 5.5% in the most recent quarter. The Hedge Fund company now holds 11,860 shares of SRE which is valued at $1,268,901. Sempra Energy makes up approx 1.78% of High Pointe Capital Management’s portfolio. Thompson Davis added SRE to its portfolio by purchasing 173 company shares during the most recent quarter which is valued at $18,508. Sempra Energy makes up approx 0.03% of Thompson Davis’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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