Bb&t Securities buys $63.8 Million stake in Spectra Energy Corp. (SE)

Spectra Energy Corp. (SE) : Bb&t Securities scooped up 401,881 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 12, 2016. The investment management firm now holds a total of 2,066,786 shares of Spectra Energy Corp. which is valued at $63.8 Million.Spectra Energy Corp. makes up approximately 1.06% of Bb&t Securities’s portfolio.

Other Hedge Funds, Including , Venturi Wealth Management boosted its stake in SE in the latest quarter, The investment management firm added 17,540 additional shares and now holds a total of 61,416 shares of Spectra Energy Corp. which is valued at $1.9 Million. Spectra Energy Corp. makes up approx 0.71% of Venturi Wealth Management’s portfolio.Advisors Management Group Inc Adv boosted its stake in SE in the latest quarter, The investment management firm added 2,258 additional shares and now holds a total of 104,394 shares of Spectra Energy Corp. which is valued at $3.2 Million. Spectra Energy Corp. makes up approx 2.34% of Advisors Management Group Inc Adv’s portfolio. Pacad Investment Ltd. added SE to its portfolio by purchasing 85,629 company shares during the most recent quarter which is valued at $2.7 Million. Spectra Energy Corp. makes up approx 0.31% of Pacad Investment Ltd.’s portfolio.Cambridge Investment Research Advisors boosted its stake in SE in the latest quarter, The investment management firm added 10,426 additional shares and now holds a total of 107,955 shares of Spectra Energy Corp. which is valued at $3.4 Million. Spectra Energy Corp. makes up approx 0.08% of Cambridge Investment Research Advisors’s portfolio.

Spectra Energy Corp. opened for trading at $31.18 and hit $31.26 on the upside on Friday, eventually ending the session at $31.18, with a gain of 0.39% or 0.12 points. The heightened volatility saw the trading volume jump to 28,02,172 shares. Company has a market cap of $21,334 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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