Ariel Capital Advisors buys $2,318,639 stake in Spectra Energy Corp. (SE)

Spectra Energy Corp. (SE) : Ariel Capital Advisors scooped up 6,050 additional shares in Spectra Energy Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 74,007 shares of Spectra Energy Corp. which is valued at $2,318,639.Spectra Energy Corp. makes up approximately 2.02% of Ariel Capital Advisors’s portfolio.

Other Hedge Funds, Including , Parkside Financial Bank Trust boosted its stake in SE in the latest quarter, The investment management firm added 216 additional shares and now holds a total of 1,124 shares of Spectra Energy Corp. which is valued at $35,215. Spectra Energy Corp. makes up approx 0.02% of Parkside Financial Bank Trust’s portfolio.Curian Capital reduced its stake in SE by selling 125,201 shares or 68.47% in the most recent quarter. The Hedge Fund company now holds 57,661 shares of SE which is valued at $1,803,059. Spectra Energy Corp. makes up approx 0.13% of Curian Capital’s portfolio.Gulf International Bank (uk) Ltd boosted its stake in SE in the latest quarter, The investment management firm added 590 additional shares and now holds a total of 198,821 shares of Spectra Energy Corp. which is valued at $6,165,439. Spectra Energy Corp. makes up approx 0.10% of Gulf International Bank (uk) Ltd’s portfolio.

Spectra Energy Corp. opened for trading at $31.2 and hit $31.49 on the upside on Tuesday, eventually ending the session at $31.39, with a gain of 1.03% or 0.32 points. The heightened volatility saw the trading volume jump to 38,07,929 shares. Company has a market cap of $21,477 M.

On the company’s financial health, Spectra Energy Corp. reported $0.35 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.38. The company had revenue of $1384.00 million for the quarter, compared to analysts expectations of $1574.86 million. The company’s revenue was down -14.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.41 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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