Spectra Energy Corp. (SE) : Tnb Financial scooped up 16,651 additional shares in Spectra Energy Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 14, 2016. The investment management firm now holds a total of 300,205 shares of Spectra Energy Corp. which is valued at $8,826,027.Spectra Energy Corp. makes up approximately 2.63% of Tnb Financial’s portfolio.
Spectra Energy Corp. opened for trading at $28.95 and hit $30.23 on the upside on Monday, eventually ending the session at $30.17, with a gain of 2.62% or 0.77 points. The heightened volatility saw the trading volume jump to 44,65,927 shares. Company has a market cap of $20,259 M.
Other Hedge Funds, Including , Jacobs Coca boosted its stake in SE in the latest quarter, The investment management firm added 3,980 additional shares and now holds a total of 144,387 shares of Spectra Energy Corp. which is valued at $4,244,978. Spectra Energy Corp. makes up approx 1.01% of Jacobs Coca’s portfolio.Santa Fe Partners reduced its stake in SE by selling 97,672 shares or 78.88% in the most recent quarter. The Hedge Fund company now holds 26,158 shares of SE which is valued at $769,045. Spectra Energy Corp. makes up approx 0.13% of Santa Fe Partners’s portfolio.Kanaly Trust Co reduced its stake in SE by selling 287 shares or 45.48% in the most recent quarter. The Hedge Fund company now holds 344 shares of SE which is valued at $10,114. Rowland Co Investment Counseladv added SE to its portfolio by purchasing 3,293 company shares during the most recent quarter which is valued at $96,814. Spectra Energy Corp. makes up approx 0.05% of Rowland Co Investment Counseladv’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.