Arbor Investment Advisors Lowers stake in Spectra Energy Corp. (SE)

Spectra Energy Corp. (SE) : Arbor Investment Advisors reduced its stake in Spectra Energy Corp. by 4.51% during the most recent quarter end. The investment management company now holds a total of 8,060 shares of Spectra Energy Corp. which is valued at $249,941 after selling 381 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 0.15% of Arbor Investment Advisors’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 , Private Trust Co Na reduced its stake in SE by selling 176 shares or 1.42% in the most recent quarter. The Hedge Fund company now holds 12,200 shares of SE which is valued at $378,322. Spectra Energy Corp. makes up approx 0.10% of Private Trust Co Na’s portfolio.M. Kraus Co reduced its stake in SE by selling 10,163 shares or 7.31% in the most recent quarter. The Hedge Fund company now holds 128,926 shares of SE which is valued at $3,790,424. Spectra Energy Corp. makes up approx 2.61% of M. Kraus Co’s portfolio.Central Trust Co reduced its stake in SE by selling 31,292 shares or 42.51% in the most recent quarter. The Hedge Fund company now holds 42,324 shares of SE which is valued at $1,244,326. Spectra Energy Corp. makes up approx 0.10% of Central Trust Co’s portfolio.Stock Yards Bank Trust Co reduced its stake in SE by selling 395 shares or 2.94% in the most recent quarter. The Hedge Fund company now holds 13,018 shares of SE which is valued at $390,800. Spectra Energy Corp. makes up approx 0.06% of Stock Yards Bank Trust Co’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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