Spectra Energy Partners LP (SEP) : Narwhal Capital Management scooped up 1,250 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 Jul 26, 2016. The investment management firm now holds a total of 44,765 shares of Spectra Energy Partners LP which is valued at $2,150,511.Spectra Energy Partners LP makes up approximately 0.66% of Narwhal Capital Management’s portfolio.
Other Hedge Funds, Including , Green Square Capital reduced its stake in SEP by selling 5,708 shares or 5.89% in the most recent quarter. The Hedge Fund company now holds 91,190 shares of SEP which is valued at $4,380,768. Spectra Energy Partners LP makes up approx 1.06% of Green Square Capital’s portfolio. Acadian Asset Management sold out all of its stake in SEP during the most recent quarter. The investment firm sold 4,910 shares of SEP which is valued $236,269. Trust Co Of Vermont added SEP to its portfolio by purchasing 35 company shares during the most recent quarter which is valued at $1,684.
Spectra Energy Partners LP opened for trading at $47.9 and hit $48.97 on the upside on Friday, eventually ending the session at $48.74, with a gain of 1.56% or 0.75 points. The heightened volatility saw the trading volume jump to 4,03,232 shares. Company has a market cap of $13,982 M.
Many Wall Street Analysts have commented on Spectra Energy Partners LP. Simmons Initiated Spectra Energy Partners LP on Aug 1, 2016 to “Overweight”, Price Target of the shares are set at $60.Stifel Initiated Spectra Energy Partners LP on May 31, 2016 to “Buy”, Price Target of the shares are set at $50.
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.