Heronetta Management buys $4,887,098 stake in Spectra Energy Partners LP (SEP)

Spectra Energy Partners LP (SEP) : Heronetta Management scooped up 3,000 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 118,160 shares of Spectra Energy Partners LP which is valued at $4,887,098.Spectra Energy Partners LP makes up approximately 2.80% of Heronetta Management’s portfolio.

Other Hedge Funds, Including , Wfg Advisors Lp boosted its stake in SEP in the latest quarter, The investment management firm added 783 additional shares and now holds a total of 3,927 shares of Spectra Energy Partners LP which is valued at $162,421. Spectra Energy Partners LP makes up approx 0.04% of Wfg Advisors Lp’s portfolio.Bronfman E.l. Rothschild boosted its stake in SEP in the latest quarter, The investment management firm added 535 additional shares and now holds a total of 1,660 shares of Spectra Energy Partners LP which is valued at $68,857. Spectra Energy Partners LP makes up approx 0.01% of Bronfman E.l. Rothschild’s portfolio.C.v. Starr Trust boosted its stake in SEP in the latest quarter, The investment management firm added 20,000 additional shares and now holds a total of 150,000 shares of Spectra Energy Partners LP which is valued at $6,222,000. Spectra Energy Partners LP makes up approx 2.96% of C.v. Starr Trust’s portfolio.American Century Companies Inc boosted its stake in SEP in the latest quarter, The investment management firm added 279,967 additional shares and now holds a total of 3,614,383 shares of Spectra Energy Partners LP which is valued at $148,731,860. Spectra Energy Partners LP makes up approx 0.17% of American Century Companies Inc’s portfolio.Narwhal Capital Management reduced its stake in SEP by selling 9,585 shares or 21.41% in the most recent quarter. The Hedge Fund company now holds 35,180 shares of SEP which is valued at $1,503,945. Spectra Energy Partners LP makes up approx 0.48% of Narwhal Capital 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.

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