Large Inflow of Money Detected in Spectra Energy Corp

Spectra Energy Corp (SE) : Investors lapped up stocks on upticks to the tune of $12.59 million in the Tuesdays trading session. The trading value on downticks was comparatively at $9.57 million and the uptick to downtick ratio of 1.32 indicates continuous buying by the bulls. The net money flow into the stock was $3.02 million. Upticks saw transactions worth $1.22 clearly indicating buying by large investors. The total money flow for block trades stood at $1.22 million, which is a positive for the stock in the long-term. Spectra Energy Corp (SE) fell $0.02 during the day at $35.72, a drop of -0.04% over the previous days close. However, for the week, the stock is 0.21%, compared to the previous week.


Also, Jefferies maintains its view on Spectra Energy Corp (NYSE:SE) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Jefferies raises the price target from $30 per share to $31 per share on Spectra Energy Corp. The rating by the firm was issued on July 25, 2016.

Spectra Energy Corp. has dropped 1.43% in the last five trading days, however, the shares have posted positive gains of 1.1% in the last 4 weeks. Spectra Energy Corp. is up 12.71% in the last 3-month period. Year-to-Date the stock performance stands at 55.06%.

Spectra Energy Corp (NYSE:SE): The stock was completely flat for the day, closing at $35.73 on Tuesday. The flat closing masks the intraday volatility in the stock. After opening at $35.89, the stock touched an intraday high of $36.12 and a low of $35.64. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $35.73. The total trading volume on Tuesday was 2,230,189.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Administrative Officer) of Spectra Energy Corp., Ables Dorothy M had sold 33,400 shares worth of $1,210,750 in a transaction dated August 9, 2016. In this transaction, 33,400 shares were sold at $36.25 per share.

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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