Shamrock Asset Management Lowers stake in Spectra Energy Corp. (SE)

Spectra Energy Corp. (SE) : Shamrock Asset Management reduced its stake in Spectra Energy Corp. by 5.28% during the most recent quarter end. The investment management company now holds a total of 33,398 shares of Spectra Energy Corp. which is valued at $1,046,359 after selling 1,861 shares in Spectra Energy Corp. , the firm said in a disclosure report filed with the SEC on May 2, 2016.Spectra Energy Corp. makes up approximately 0.62% of Shamrock Asset Management’s portfolio.

Spectra Energy Corp. (SE) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $31.1 and reached the intraday high at $31.47. The bulls started the profit booking and pushed the shares to intraday low of $31.01. The trading session was marked by a volume range of 44,09,427 shares exchanging hands. The 52-week high of the shares is $37.42 and the 52-week low is $21.43. The market cap of the company stands at $21,436 M and there are 68,42,09,560 shares in public circulation.

Other Hedge Funds, Including , Dt Investment Partners sold out all of its stake in SE during the most recent quarter. The investment firm sold 29,382 shares of SE which is valued $920,538.Mizuho Trust Banking Ltd. boosted its stake in SE in the latest quarter, The investment management firm added 63,660 additional shares and now holds a total of 1,069,840 shares of Spectra Energy Corp. which is valued at $33,453,897. Spectra Energy Corp. makes up approx 0.11% of Mizuho Trust Banking Ltd.’s portfolio.Arbor Investment Advisors reduced its stake in SE by selling 381 shares or 4.51% in the most recent quarter. The Hedge Fund company now holds 8,060 shares of SE which is valued at $249,941. Spectra Energy Corp. makes up approx 0.15% of Arbor Investment Advisors’s portfolio.

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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