Viking Fund Management buys $19,110,000 stake in Spectra Energy Corp. (SE)

Spectra Energy Corp. (SE) : Viking Fund Management scooped up 150,000 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 12, 2016. The investment management firm now holds a total of 650,000 shares of Spectra Energy Corp. which is valued at $19,110,000.Spectra Energy Corp. makes up approximately 3.62% of Viking Fund Management’s portfolio.

Spectra Energy Corp. closed down -0.92 points or -3.03% at $29.4 with 77,44,561 shares getting traded on Friday. Post opening the session at $30.12, the shares hit an intraday low of $29.39 and an intraday high of $30.145 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Integrated Investment Consultants added SE to its portfolio by purchasing 3 company shares during the most recent quarter which is valued at $88.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.Charter Trust Co reduced its stake in SE by selling 100 shares or 0.16% in the most recent quarter. The Hedge Fund company now holds 62,781 shares of SE which is valued at $1,884,686. Spectra Energy Corp. makes up approx 0.23% of Charter Trust Co’s portfolio.Triangle Securities Wealth Management boosted its stake in SE in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 63,574 shares of Spectra Energy Corp. which is valued at $1,908,491. Spectra Energy Corp. makes up approx 1.25% of Triangle Securities Wealth Management’s portfolio.Livingston Group Asset Management Co (operating As Southp… reduced its stake in SE by selling 157 shares or 0.82% in the most recent quarter. The Hedge Fund company now holds 18,964 shares of SE which is valued at $569,299. Spectra Energy Corp. makes up approx 0.37% of Livingston Group Asset Management Co (operating As Southp…’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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