Jnba Financial Advisors Lowers stake in Spectra Energy Corp. (SE)

Spectra Energy Corp. (SE) : Jnba Financial Advisors reduced its stake in Spectra Energy Corp. by 8.72% during the most recent quarter end. The investment management company now holds a total of 6,281 shares of Spectra Energy Corp. which is valued at $194,774 after selling 600 shares in Spectra Energy Corp. , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Spectra Energy Corp. makes up approximately 0.07% of Jnba Financial Advisors’s portfolio.

Spectra Energy Corp. opened for trading at $31.3 and hit $31.77 on the upside on Wednesday, eventually ending the session at $31.7, with a gain of 2.23% or 0.69 points. The heightened volatility saw the trading volume jump to 36,29,177 shares. Company has a market cap of $21,287 M.

Other Hedge Funds, Including , Old Second National Bank Of Aurora boosted its stake in SE in the latest quarter, The investment management firm added 2,220 additional shares and now holds a total of 47,874 shares of Spectra Energy Corp. which is valued at $1,484,573. Spectra Energy Corp. makes up approx 0.70% of Old Second National Bank Of Aurora’s portfolio.Dnb Asset Management As boosted its stake in SE in the latest quarter, The investment management firm added 16,300 additional shares and now holds a total of 52,680 shares of Spectra Energy Corp. which is valued at $1,548,792. Spectra Energy Corp. makes up approx 0.03% of Dnb Asset Management As’s portfolio.British Columbia Investment Management Corp boosted its stake in SE in the latest quarter, The investment management firm added 15,320 additional shares and now holds a total of 437,927 shares of Spectra Energy Corp. which is valued at $13,146,569. Spectra Energy Corp. makes up approx 0.12% of British Columbia Investment Management Corp’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.

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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