Spectra Energy Corp. (SE) : Perry Corp reduced its stake in Spectra Energy Corp. by 7.83% during the most recent quarter end. The investment management company now holds a total of 3,721,871 shares of Spectra Energy Corp. which is valued at $114.9 Million after selling 316,129 shares in Spectra Energy Corp. , the firm said in a disclosure report filed with the SEC on May 13, 2016.Spectra Energy Corp. makes up approximately 7.21% of Perry Corp’s portfolio.
Other Hedge Funds, Including , First Foundation Advisors added SE to its portfolio by purchasing 11,066 company shares during the most recent quarter which is valued at $341,607. Spectra Energy Corp. makes up approx 0.02% of First Foundation Advisors’s portfolio. Caprock Group added SE to its portfolio by purchasing 55,297 company shares during the most recent quarter which is valued at $1.7 Million. Spectra Energy Corp. makes up approx 0.41% of Caprock Group’s portfolio. Secor Capital Advisors Lp added SE to its portfolio by purchasing 37,041 company shares during the most recent quarter which is valued at $1.1 Million. Spectra Energy Corp. makes up approx 0.22% of Secor Capital Advisors Lp’s portfolio.Schulhoff Co Inc reduced its stake in SE by selling 30 shares or 0.34% in the most recent quarter. The Hedge Fund company now holds 8,806 shares of SE which is valued at $275,364. Spectra Energy Corp. makes up approx 0.18% of Schulhoff Co Inc’s portfolio.
Spectra Energy Corp. opened for trading at $31.1 and hit $31.78 on the upside on Wednesday, eventually ending the session at $31.64, with a gain of 2.23% or 0.69 points. The heightened volatility saw the trading volume jump to 35,05,237 shares. Company has a market cap of $21,648 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.