Energy Income Partners buys $233,269,697 stake in Spectra Energy Partners LP (SEP)

Spectra Energy Partners LP (SEP) : Energy Income Partners scooped up 693,414 additional shares in Spectra Energy Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 5,639,983 shares of Spectra Energy Partners LP which is valued at $233,269,697.Spectra Energy Partners LP makes up approximately 5.05% of Energy Income Partners’s portfolio.

Other Hedge Funds, Including , Van Eck Associates Corp boosted its stake in SEP in the latest quarter, The investment management firm added 1,225 additional shares and now holds a total of 22,202 shares of Spectra Energy Partners LP which is valued at $918,275.Alliancebernstein boosted its stake in SEP in the latest quarter, The investment management firm added 191 additional shares and now holds a total of 9,841 shares of Spectra Energy Partners LP which is valued at $402,891.Bollard Group boosted its stake in SEP in the latest quarter, The investment management firm added 2,041 additional shares and now holds a total of 118,487 shares of Spectra Energy Partners LP which is valued at $5,167,218. Spectra Energy Partners LP makes up approx 0.35% of Bollard Group’s portfolio.Leavell Investment Management reduced its stake in SEP by selling 500 shares or 4.18% in the most recent quarter. The Hedge Fund company now holds 11,452 shares of SEP which is valued at $511,561. Spectra Energy Partners LP makes up approx 0.08% of Leavell Investment Management’s portfolio.

Spectra Energy Partners LP opened for trading at $41.67 and hit $42.3 on the upside on Monday, eventually ending the session at $41.8, with a gain of 0.43% or 0.18 points. The heightened volatility saw the trading volume jump to 4,53,782 shares. Company has a market cap of $12,789 M.

On the company’s financial health, Spectra Energy Partners LP reported $0.76 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Nov 2, 2016. Analyst had a consensus of $0.78. The company had revenue of $628.00 million for the quarter, compared to analysts expectations of $650.53 million. The company’s revenue was up 2.6% compared to the same quarter last year.

Many Wall Street Analysts have commented on Spectra Energy Partners LP. Spectra Energy Partners LP was Downgraded by Piper Jaffray to ” Neutral” on Sep 7, 2016. Spectra Energy Partners LP was Downgraded by Simmons to ” Neutral” on Sep 7, 2016. Spectra Energy Partners LP was Upgraded by Tudor Pickering to ” Buy” on Sep 7, 2016.

Spectra Energy Partners LP is engaged in the transmission storage and gathering of natural gas the transportation and storage of crude oil and the transportation of natural gas liquids (NGLs. The Company owns and operates natural gas transmission gathering and storage assets and crude oil transportation and storage assets in central southern and eastern United States as well as western Canada. The Company operates two segments: U.S. Transmission and Liquids. The Company’s U.S. Transmission business provides transmission storage and gathering of natural gas for customers in various regions of the northeastern and southeastern United States. The Company’s Liquids business provides transportation and storage of crude oil and transportation of NGLs for customers in central and southern United States and Canada.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Spectra Energy Partners LP - Is it time to Sell?

Top Brokerage Firms are advising their investors on Spectra Energy Partners LP. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.