Waverton Investment Management Ltd Lowers stake in Spectra Energy Partners LP (SEP)

Spectra Energy Partners LP (SEP) : Waverton Investment Management Ltd reduced its stake in Spectra Energy Partners LP by 9.23% during the most recent quarter end. The investment management company now holds a total of 40,300 shares of Spectra Energy Partners LP which is valued at $1,717,989 after selling 4,100 shares in Spectra Energy Partners LP , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Spectra Energy Partners LP makes up approximately 0.12% of Waverton Investment Management Ltd’s portfolio.

Other Hedge Funds, Including , Creative Planning boosted its stake in SEP in the latest quarter, The investment management firm added 5,158 additional shares and now holds a total of 11,941 shares of Spectra Energy Partners LP which is valued at $509,045.Cutler Group Lp reduced its stake in SEP by selling 536 shares or 95.04% in the most recent quarter. The Hedge Fund company now holds 28 shares of SEP which is valued at $1,201.Carroll Financial Associates reduced its stake in SEP by selling 2,037 shares or 36.78% in the most recent quarter. The Hedge Fund company now holds 3,501 shares of SEP which is valued at $150,193. Spectra Energy Partners LP makes up approx 0.02% of Carroll Financial Associates’s portfolio.Simplex Trading boosted its stake in SEP in the latest quarter, The investment management firm added 4,141 additional shares and now holds a total of 4,225 shares of Spectra Energy Partners LP which is valued at $180,408. Spectra Energy Partners LP makes up approx 0.02% of Simplex Trading’s portfolio.Advisory Services Network boosted its stake in SEP in the latest quarter, The investment management firm added 575 additional shares and now holds a total of 10,075 shares of Spectra Energy Partners LP which is valued at $430,203. Spectra Energy Partners LP makes up approx 0.08% of Advisory Services Network’s portfolio.

Spectra Energy Partners LP closed down -0.27 points or -0.63% at $42.63 with 4,49,549 shares getting traded on Tuesday. Post opening the session at $42.85, the shares hit an intraday low of $42.27 and an intraday high of $42.85 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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. 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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