Tortoise Capital Advisors L.l.c. Lowers stake in Spectra Energy Partners LP (SEP)

Spectra Energy Partners LP (SEP) : Tortoise Capital Advisors L.l.c. reduced its stake in Spectra Energy Partners LP by 15.74% during the most recent quarter end. The investment management company now holds a total of 13,764,299 shares of Spectra Energy Partners LP which is valued at $627.4 Million after selling 2,572,033 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 4.68% of Tortoise Capital Advisors L.l.c.’s portfolio.

Other Hedge Funds, Including , Fort Washington Investment Advisors Inc Oh boosted its stake in SEP in the latest quarter, The investment management firm added 1,700 additional shares and now holds a total of 12,341 shares of Spectra Energy Partners LP which is valued at $562,503. Spectra Energy Partners LP makes up approx 0.01% of Fort Washington Investment Advisors Inc Oh’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.Solaris Asset Management boosted its stake in SEP in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 2,575 shares of Spectra Energy Partners LP which is valued at $117,369. Spectra Energy Partners LP makes up approx 0.08% of Solaris Asset Management’s portfolio. Archford Capital Strategies sold out all of its stake in SEP during the most recent quarter. The investment firm sold 377 shares of SEP which is valued $17,184.Bollard Group boosted its stake in SEP in the latest quarter, The investment management firm added 1,464 additional shares and now holds a total of 114,832 shares of Spectra Energy Partners LP which is valued at $5.2 Million. Spectra Energy Partners LP makes up approx 0.43% of Bollard Group’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.

Leave a Reply

Spectra Energy Partners LP - Is it time to Sell?

Top Brokerage Firms are advising their investors on Spectra Energy Partners LP. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.