Spectra Energy Partners LP (SEP) : Tiedemann Trust Co reduced its stake in Spectra Energy Partners LP by 12.9% during the most recent quarter end. The investment management company now holds a total of 466,957 shares of Spectra Energy Partners LP which is valued at $21,783,544 after selling 69,163 shares in Spectra Energy Partners LP , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Spectra Energy Partners LP makes up approximately 4.12% of Tiedemann Trust Co’s portfolio.
Other Hedge Funds, Including , Forester Capital Management Ltd boosted its stake in SEP in the latest quarter, The investment management firm added 910 additional shares and now holds a total of 52,750 shares of Spectra Energy Partners LP which is valued at $2,460,788. Spectra Energy Partners LP makes up approx 2.24% of Forester Capital Management Ltd’s portfolio.Central Trust Co reduced its stake in SEP by selling 264 shares or 10.94% in the most recent quarter. The Hedge Fund company now holds 2,149 shares of SEP which is valued at $100,810. Spectra Energy Partners LP makes up approx 0.01% of Central Trust Co’s portfolio. Waverton Investment Management Ltd added SEP to its portfolio by purchasing 44,400 company shares during the most recent quarter which is valued at $2,164,056. Spectra Energy Partners LP makes up approx 0.16% of Waverton Investment Management Ltd’s portfolio.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.
Spectra Energy Partners LP (SEP) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $46.14 and reached the intraday high at $46.29. The bulls started the profit booking and pushed the shares to intraday low of $45.76. The trading session was marked by a volume range of 2,64,204 shares exchanging hands. The 52-week high of the shares is $52.49 and the 52-week low is $36.21. The market cap of the company stands at $14,203 M and there are 30,87,53,670 shares in public circulation.
On the company’s financial health, Spectra Energy Partners LP reported $0.73 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.81. The company had revenue of $618.00 million for the quarter, compared to analysts expectations of $640.63 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS.
Many Wall Street Analysts have commented on Spectra Energy Partners LP. Company shares were Reiterated by Stifel on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 55 from a previous price target of $50 .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.