Cumberland Advisors Inc buys $20,200 stake in Spectra Energy Partners LP (SEP)

Spectra Energy Partners LP (SEP) : Cumberland Advisors Inc scooped up 40 additional shares in Spectra Energy Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 13, 2016. The investment management firm now holds a total of 440 shares of Spectra Energy Partners LP which is valued at $20,200.Spectra Energy Partners LP makes up approximately 0.01% of Cumberland Advisors Inc’s portfolio.

Other Hedge Funds, Including , Creative Planning reduced its stake in SEP by selling 927 shares or 12.02% in the most recent quarter. The Hedge Fund company now holds 6,783 shares of SEP which is valued at $311,408.Raymond James Trust N.a. boosted its stake in SEP in the latest quarter, The investment management firm added 71 additional shares and now holds a total of 7,632 shares of Spectra Energy Partners LP which is valued at $353,133. Spectra Energy Partners LP makes up approx 0.03% of Raymond James Trust N.a.’s portfolio.Laurel Wealth Advisors boosted its stake in SEP in the latest quarter, The investment management firm added 371 additional shares and now holds a total of 29,048 shares of Spectra Energy Partners LP which is valued at $1,344,051. Spectra Energy Partners LP makes up approx 0.65% of Laurel Wealth Advisors’s portfolio.Kistler-tiffany Companies reduced its stake in SEP by selling 68 shares or 7.04% in the most recent quarter. The Hedge Fund company now holds 898 shares of SEP which is valued at $41,550. Spectra Energy Partners LP makes up approx 0.02% of Kistler-tiffany Companies’s portfolio.

Spectra Energy Partners LP opened for trading at $46.74 and hit $47.64 on the upside on Monday, eventually ending the session at $47.62, with a gain of 1.93% or 0.9 points. The heightened volatility saw the trading volume jump to 3,23,825 shares. Company has a market cap of $13,661 M.

Many Wall Street Analysts have commented on Spectra Energy Partners LP. Stifel Initiated Spectra Energy Partners LP on May 31, 2016 to “Buy”, Price Target of the shares are set at $50.

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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