Deane Retirement Strategies Lowers stake in Spectra Energy Corp. (SE)

Spectra Energy Corp. (SE) : Deane Retirement Strategies reduced its stake in Spectra Energy Corp. by 54.71% during the most recent quarter end. The investment management company now holds a total of 56,114 shares of Spectra Energy Corp. which is valued at $1,740,095 after selling 67,796 shares in Spectra Energy Corp. , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Spectra Energy Corp. makes up approximately 1.63% of Deane Retirement Strategies’s portfolio.

Spectra Energy Corp. opened for trading at $31 and hit $31.26 on the upside on Friday, eventually ending the session at $31.01, with a gain of 0.42% or 0.13 points. The heightened volatility saw the trading volume jump to 37,06,442 shares. Company has a market cap of $20,823 M.

Other Hedge Funds, Including , Arbor Investment Advisors reduced its stake in SE by selling 381 shares or 4.51% in the most recent quarter. The Hedge Fund company now holds 8,060 shares of SE which is valued at $249,941. Spectra Energy Corp. makes up approx 0.15% of Arbor Investment Advisors’s portfolio.Capstone Asset Management Co reduced its stake in SE by selling 4,270 shares or 7.39% in the most recent quarter. The Hedge Fund company now holds 53,523 shares of SE which is valued at $1,573,576. Spectra Energy Corp. makes up approx 0.04% of Capstone Asset Management Co’s portfolio.First Premier Bank boosted its stake in SE in the latest quarter, The investment management firm added 407 additional shares and now holds a total of 42,161 shares of Spectra Energy Corp. which is valued at $1,265,673. Spectra Energy Corp. makes up approx 1.02% of First Premier Bank’s portfolio.Fruth Investment Management reduced its stake in SE by selling 860 shares or 3.59% in the most recent quarter. The Hedge Fund company now holds 23,065 shares of SE which is valued at $692,411. Spectra Energy Corp. makes up approx 0.35% of Fruth Investment Management’s portfolio.Kistler-tiffany Companies reduced its stake in SE by selling 163 shares or 6.25% in the most recent quarter. The Hedge Fund company now holds 2,447 shares of SE which is valued at $73,459. Spectra Energy Corp. makes up approx 0.04% of Kistler-tiffany Companies’s portfolio.

On the company’s financial health, Spectra Energy Corp. reported $0.28 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Feb 3, 2016. Analyst had a consensus of $0.30. The company had revenue of $1316.00 million for the quarter, compared to analysts expectations of $1510.67 million. The company’s revenue was down -17.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.47 EPS.

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.

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