Jackson Wealth Management Lowers stake in Spectra Energy Partners LP (SEP)

Spectra Energy Partners LP (SEP) : Jackson Wealth Management reduced its stake in Spectra Energy Partners LP by 3.9% during the most recent quarter end. The investment management company now holds a total of 70,178 shares of Spectra Energy Partners LP which is valued at $3,280,120 after selling 2,851 shares in Spectra Energy Partners LP , the firm said in a disclosure report filed with the SEC on May 2, 2016.Spectra Energy Partners LP makes up approximately 1.27% of Jackson Wealth Management’s portfolio.

Spectra Energy Partners LP closed down -1.18 points or -2.46% at $46.74 with 5,56,075 shares getting traded on Friday. Post opening the session at $47.9, the shares hit an intraday low of $46.63 and an intraday high of $48.25 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Commonwealth Equity Services Inc reduced its stake in SEP by selling 38 shares or 0.18% in the most recent quarter. The Hedge Fund company now holds 20,914 shares of SEP which is valued at $1,054,693. Spectra Energy Partners LP makes up approx 0.01% of Commonwealth Equity Services Inc’s portfolio. Chicago Partners Investment Group added SEP to its portfolio by purchasing 220 company shares during the most recent quarter which is valued at $11,095. Spectra Energy Partners LP makes up approx 0.01% of Chicago Partners Investment Group’s portfolio.Metlife Securities Inc reduced its stake in SEP by selling 1,012 shares or 10.53% in the most recent quarter. The Hedge Fund company now holds 8,599 shares of SEP which is valued at $424,877. Spectra Energy Partners LP makes up approx 0.02% of Metlife Securities Inc’s portfolio.Advisory Services Network boosted its stake in SEP in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 9,500 shares of Spectra Energy Partners LP which is valued at $469,395. Spectra Energy Partners LP makes up approx 0.13% of Advisory Services Network’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 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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