Spectra Energy Corp. (SE) : Highlander Capital Management scooped up 800 additional shares in Spectra Energy Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 42,355 shares of Spectra Energy Corp. which is valued at $1,540,028.Spectra Energy Corp. makes up approximately 1.53% of Highlander Capital Management’s portfolio.
Other Hedge Funds, Including , Keybank National Associationoh reduced its stake in SE by selling 4,427 shares or 2.66% in the most recent quarter. The Hedge Fund company now holds 161,978 shares of SE which is valued at $5,889,520. Spectra Energy Corp. makes up approx 0.04% of Keybank National Associationoh’s portfolio.Bb&t Securities reduced its stake in SE by selling 211,983 shares or 10.26% in the most recent quarter. The Hedge Fund company now holds 1,854,803 shares of SE which is valued at $67,867,242. Spectra Energy Corp. makes up approx 1.02% of Bb&t Securities’s portfolio. New Amsterdam Partnersny added SE to its portfolio by purchasing 12,965 company shares during the most recent quarter which is valued at $472,704. Spectra Energy Corp. makes up approx 0.11% of New Amsterdam Partnersny’s portfolio.Mercer Capital Advisers reduced its stake in SE by selling 250 shares or 25.83% in the most recent quarter. The Hedge Fund company now holds 718 shares of SE which is valued at $26,264. Spectra Energy Corp. makes up approx 0.02% of Mercer Capital Advisers’s portfolio.Creative Planning boosted its stake in SE in the latest quarter, The investment management firm added 1,357 additional shares and now holds a total of 57,359 shares of Spectra Energy Corp. which is valued at $2,109,090. Spectra Energy Corp. makes up approx 0.01% of Creative Planning’s portfolio.
Spectra Energy Corp. closed down -0.42 points or -1.14% at $36.36 with 45,50,085 shares getting traded on Friday. Post opening the session at $36.6, the shares hit an intraday low of $36.22 and an intraday high of $36.64 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Spectra Energy Corp. reported $0.24 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.28. The company had revenue of $1159.00 million for the quarter, compared to analysts expectations of $1294.10 million. The company’s revenue was down -2.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.23 EPS.
Many Wall Street Analysts have commented on Spectra Energy Corp.. Simmons Initiated Spectra Energy Corp. on Aug 1, 2016 to “Overweight”, Price Target of the shares are set at $41.RBC Capital Mkts Initiated Spectra Energy Corp. on Jun 27, 2016 to “Outperform”, Price Target of the shares are set at $39.
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.