Rare Infrastructure Ltd Lowers stake in Sempra Energy (SRE)

Sempra Energy (SRE) : Rare Infrastructure Ltd reduced its stake in Sempra Energy by 22.65% during the most recent quarter end. The investment management company now holds a total of 3,014,691 shares of Sempra Energy which is valued at $322,541,790 after selling 882,635 shares in Sempra Energy , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Sempra Energy makes up approximately 14.19% of Rare Infrastructure Ltd’s portfolio.

Other Hedge Funds, Including , Advisor Partners boosted its stake in SRE in the latest quarter, The investment management firm added 291 additional shares and now holds a total of 3,434 shares of Sempra Energy which is valued at $367,404. Sempra Energy makes up approx 0.12% of Advisor Partners’s portfolio.New York State Common Retirement Fund boosted its stake in SRE in the latest quarter, The investment management firm added 13,000 additional shares and now holds a total of 565,600 shares of Sempra Energy which is valued at $60,513,544. Sempra Energy makes up approx 0.08% of New York State Common Retirement Fund’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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