Spectra Energy Corp. (SE) : Omni Partners Llp added new position in Spectra Energy Corp. during the most recent quarter end. The investment management firm now holds 438,288 shares of Spectra Energy Corp. which is valued at $17,040,637 , the company said in a statement filed on Nov 14, 2016 with the SEC.Spectra Energy Corp. makes up approximately 5.62% of Omni Partners Llp’s portfolio.
Other Hedge Funds, Including , Stanley-laman Group Ltd. sold out all of its stake in SE during the most recent quarter. The investment firm sold 28,230 shares of SE which is valued $1,180,296. Smith Chas P Associates Pa Cpas added SE to its portfolio by purchasing 5,480 company shares during the most recent quarter which is valued at $233,612. Spectra Energy Corp. makes up approx 0.04% of Smith Chas P Associates Pa Cpas’s portfolio.
Spectra Energy Corp. opened for trading at $40.81 and hit $41.16 on the upside on Monday, eventually ending the session at $41.16, with a gain of 0.88% or 0.36 points. The heightened volatility saw the trading volume jump to 23,63,313 shares. Company has a market cap of $28,873 M.
On the company’s financial health, Spectra Energy Corp. reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $0.25. The company had revenue of $1075.00 million for the quarter, compared to analysts expectations of $1161.34 million. The company’s revenue was down -2.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.23 EPS.
Many Wall Street Analysts have commented on Spectra Energy Corp.. Spectra Energy Corp. was Downgraded by Argus to ” Hold” on Sep 26, 2016. Company shares were Downgraded by UBS on Sep 12, 2016 to ” Neutral”, Firm has raised the Price Target to $ 44 from a previous price target of $39 .Spectra Energy Corp. was Downgraded by Goldman to ” Neutral” on Sep 8, 2016.
Spectra Energy Corp is a natural gas infrastructure company. The Company owns and operates natural gas-related energy assets and a crude oil pipeline system connecting Canadian and the United States producers to refineries in the United States Rocky Mountain and Midwest regions. It operates in three areas of the natural gas industry: gathering and processing transmission and storage and distribution. It conducts its business in four segments: Spectra Energy Partners Distribution Western Canada Transmission & Processing and Field Services. It provides transmission and storage of natural gas to customers in various regions of the northeastern and southeastern United States the Maritime Provinces in Canada the Pacific Northwest in the United States and Canada and in the province of Ontario Canada. It also provides natural gas sales and distribution services to retail customers in Ontario and natural gas gathering and processing services to customers in western Canada.