Rare Infrastructure LTD Has Cut Its Sempra Energy (SRE) Holding by $41.45 Million; Market Valuation Rose

February 15, 2018 - By Stephen Andrade

Investors sentiment increased to 1.19 in Q3 2017. Its up 0.18, from 1.01 in 2017Q2. It improved, as 28 investors sold SRE shares while 168 reduced holdings. 62 funds opened positions while 172 raised stakes. 197.93 million shares or 1.07% less from 200.08 million shares in 2017Q2 were reported. Thrivent For Lutherans holds 0% or 9,965 shares. 50,430 are owned by Credit Agricole S A. Creative Planning has invested 0.01% of its portfolio in Sempra Energy (NYSE:SRE). Ls Advsrs Ltd Liability reported 0.07% in Sempra Energy (NYSE:SRE). Timber Hill Ltd holds 4,191 shares. Umb Financial Bank N A Mo invested 0.03% of its portfolio in Sempra Energy (NYSE:SRE). Sumitomo Mitsui Tru holds 0.12% or 768,503 shares. Jennison Ltd Liability Corp reported 520,508 shares. Natl Planning holds 2,965 shares or 0.07% of its portfolio. Fmr Limited Liability Company reported 8.31 million shares. Martin Currie accumulated 105,275 shares. Dnb Asset Mngmt As accumulated 32,387 shares. Robecosam Ag owns 0.16% invested in Sempra Energy (NYSE:SRE) for 18,000 shares. Westpac Banking, a Australia-based fund reported 15,377 shares. Moreover, Convergence Invest Prns Limited Company has 0.06% invested in Sempra Energy (NYSE:SRE) for 3,961 shares.

Rare Infrastructure Ltd decreased its stake in Sempra Energy (SRE) by 37.13% based on its latest 2017Q3 regulatory filing with the SEC. Rare Infrastructure Ltd sold 363,630 shares as the company’s stock rose 5.34% with the market. The institutional investor held 615,668 shares of the natural gas distribution company at the end of 2017Q3, valued at $70.27M, down from 979,298 at the end of the previous reported quarter. Rare Infrastructure Ltd who had been investing in Sempra Energy for a number of months, seems to be less bullish one the $29.84B market cap company. The stock increased 1.68% or $1.77 during the last trading session, reaching $107.24. About 460,654 shares traded. Sempra Energy (NYSE:SRE) has risen 8.27% since February 15, 2017 and is uptrending. It has underperformed by 8.43% the S&P500.

Rare Infrastructure Ltd, which manages about $1.37 billion US Long portfolio, upped its stake in Williams Cos Inc Del (NYSE:WMB) by 1.20M shares to 2.70 million shares, valued at $80.93M in 2017Q3, according to the filing.

Analysts await Sempra Energy (NYSE:SRE) to report earnings on February, 27. They expect $1.39 EPS, down 8.55 % or $0.13 from last year’s $1.52 per share. SRE’s profit will be $386.73 million for 19.29 P/E if the $1.39 EPS becomes a reality. After $1.04 actual EPS reported by Sempra Energy for the previous quarter, Wall Street now forecasts 33.65 % EPS growth.

More important recent Sempra Energy (NYSE:SRE) news were published by: Prnewswire.com which released: “Oncor-Sempra Energy Settlement Garners Unanimous Support From Texas Stakeholders” on February 01, 2018, also Prnewswire.com published article titled: “This Morning’s Research Reports on Utilities Stocks — PNM Resources, Sempra …”, Bizjournals.com published: “Oncor, Sempra woo key holdout on acquisition with energy efficiency aid” on February 02, 2018. More interesting news about Sempra Energy (NYSE:SRE) was released by: Prnewswire.com and their article: “Oncor-Sempra Energy Settlement Agreement Expands to 9 Texas Stakeholders” with publication date: January 25, 2018.

Sempra Energy (NYSE:SRE) Ratings Coverage

Among 9 analysts covering Sempra Energy (NYSE:SRE), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Sempra Energy had 19 analyst reports since September 15, 2015 according to SRatingsIntel. Wells Fargo maintained the shares of SRE in report on Wednesday, January 3 with “Buy” rating. RBC Capital Markets maintained Sempra Energy (NYSE:SRE) rating on Sunday, November 5. RBC Capital Markets has “Buy” rating and $121.0 target. RBC Capital Markets maintained Sempra Energy (NYSE:SRE) rating on Monday, January 25. RBC Capital Markets has “Outperform” rating and $116 target. The stock has “Buy” rating by Goldman Sachs on Wednesday, October 11. The rating was maintained by BMO Capital Markets on Friday, August 4 with “Hold”. The rating was maintained by RBC Capital Markets on Sunday, August 27 with “Buy”. On Thursday, May 11 the stock rating was maintained by BMO Capital Markets with “Hold”. The rating was maintained by JP Morgan with “Neutral” on Wednesday, November 1. As per Thursday, June 8, the company rating was downgraded by Barclays Capital. The firm has “Neutral” rating by JP Morgan given on Thursday, October 12.

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