Spirit Of America Management Corpny buys $15,763,016 stake in Spectra Energy Partners LP (SEP)

Spectra Energy Partners LP (SEP) : Spirit Of America Management Corpny scooped up 40,650 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 Apr 14, 2016. The investment management firm now holds a total of 331,295 shares of Spectra Energy Partners LP which is valued at $15,763,016.Spectra Energy Partners LP makes up approximately 2.81% of Spirit Of America Management Corpny’s portfolio.

Spectra Energy Partners LP opened for trading at $47.18 and hit $48.51 on the upside on Monday, eventually ending the session at $48.5, with a gain of 1.93% or 0.92 points. The heightened volatility saw the trading volume jump to 3,01,678 shares. Company has a market cap of $13,830 M.

Other Hedge Funds, Including , Donald L. Hagan added SEP to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $9,516. Spectra Energy Partners LP makes up approx 0.01% of Donald L. Hagan’s portfolio.Country Club Trust Company N.a. boosted its stake in SEP in the latest quarter, The investment management firm added 3,097 additional shares and now holds a total of 12,607 shares of Spectra Energy Partners LP which is valued at $599,841. Spectra Energy Partners LP makes up approx 0.09% of Country Club Trust Company N.a.’s portfolio.Creative Planning boosted its stake in SEP in the latest quarter, The investment management firm added 2,799 additional shares and now holds a total of 7,710 shares of Spectra Energy Partners LP which is valued at $364,837.Kistler-tiffany Companies boosted its stake in SEP in the latest quarter, The investment management firm added 72 additional shares and now holds a total of 966 shares of Spectra Energy Partners LP which is valued at $45,711. Spectra Energy Partners LP makes up approx 0.03% of Kistler-tiffany Companies’s portfolio.

Many Wall Street Analysts have commented on Spectra Energy Partners LP. Spectra Energy Partners LP was Downgraded by Credit Suisse to ” Neutral” on Mar 17, 2016. Spectra Energy Partners LP was Upgraded by Morgan Stanley to ” Equal-Weight” on Jan 20, 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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