Gould Asset Management Ca Lowers stake in Spectra Energy Partners LP (SEP)

Spectra Energy Partners LP (SEP) : Gould Asset Management Ca reduced its stake in Spectra Energy Partners LP by 28.64% during the most recent quarter end. The investment management company now holds a total of 11,810 shares of Spectra Energy Partners LP which is valued at $538,300 after selling 4,740 shares in Spectra Energy Partners LP , the firm said in a disclosure report filed with the SEC on May 13, 2016.Spectra Energy Partners LP makes up approximately 0.29% of Gould Asset Management Ca’s portfolio.

Other Hedge Funds, Including , Ashfield Capital Partners sold out all of its stake in SEP during the most recent quarter. The investment firm sold 4,850 shares of SEP which is valued $221,063. Fic Capital Inc added SEP to its portfolio by purchasing 11,245 company shares during the most recent quarter which is valued at $512,547. Spectra Energy Partners LP makes up approx 0.26% of Fic Capital Inc’s portfolio.Bessemer Group Inc reduced its stake in SEP by selling 46,573 shares or 88.52% in the most recent quarter. The Hedge Fund company now holds 6,042 shares of SEP which is valued at $275,394.Global X Management Co reduced its stake in SEP by selling 61,015 shares or 22.67% in the most recent quarter. The Hedge Fund company now holds 208,081 shares of SEP which is valued at $9.7 Million. Spectra Energy Partners LP makes up approx 0.58% of Global X Management Co’s portfolio.Tiedemann Trust Co boosted its stake in SEP in the latest quarter, The investment management firm added 75,800 additional shares and now holds a total of 536,120 shares of Spectra Energy Partners LP which is valued at $25.1 Million. Spectra Energy Partners LP makes up approx 4.29% of Tiedemann Trust Co’s portfolio.

Spectra Energy Partners LP opened for trading at $45.05 and hit $45.48 on the upside on Wednesday, eventually ending the session at $45.04, with a gain of 0.24% or 0.11 points. The heightened volatility saw the trading volume jump to 3,76,841 shares. Company has a market cap of $12,921 M.

Many Wall Street Analysts have commented on Spectra Energy Partners LP. Spectra Energy Partners LP was Downgraded by Credit Suisse to ” Neutral” on Mar 17, 2016.

Spectra Energy Partners LP is engaged in the transmission storage and gathering of natural gas the transportation and storage of crude oil and the transportation of natural gas liquids (NGLs. The Company owns and operates natural gas transmission gathering and storage assets and crude oil transportation and storage assets in central southern and eastern United States as well as western Canada. The Company operates two segments: U.S. Transmission and Liquids. The Company’s U.S. Transmission business provides transmission storage and gathering of natural gas for customers in various regions of the northeastern and southeastern United States. The Company’s Liquids business provides transportation and storage of crude oil and transportation of NGLs for customers in central and southern United States and Canada.

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