SRE
A little haircut, not a full breakup
Hennessy Advisors just took a scissor to its Sempra position, cutting its holdings by 8.8% in the latest quarter. That left the firm with 271,580 shares, worth roughly $23.98 million — so this isn’t a dramatic “we’re out” moment, more like a portfolio tune-up.
Why you should care
When a fund trims a utility/energy name like Sempra, it can be read a few ways: maybe they’re locking in gains, maybe they’re rebalancing, maybe they just needed cash elsewhere. The key detail here is that Hennessy still owns a chunky stake, which says this was a nibble, not a panic button.
The company still has some spark
Sempra also had a decent update in the background noise:
- EPS came in at $1.28 vs. $1.12 expected
- Revenue was a hair light at $3.75 billion vs. $3.82 billion expected
- The quarterly dividend got nudged up to $0.6575 from $0.65
So while one investor trimmed exposure, the company itself is still doing the classic utility thing: collect cash, pay dividends, and avoid giving anyone too many surprises.
Big picture
If you own SRE, this filing is more “institutional housekeeping” than warning siren. The stock still has plenty of institutional sponsorship, and the dividend hike plus earnings beat help keep the story from looking wobbly.