Advisors Management Group Inc Adv buys $3,806,238 stake in Spectra Energy Corp. (SE)

Spectra Energy Corp. (SE) : Advisors Management Group Inc Adv scooped up 288 additional shares in Spectra Energy Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 104,682 shares of Spectra Energy Corp. which is valued at $3,806,238.Spectra Energy Corp. makes up approximately 2.59% of Advisors Management Group Inc Adv’s portfolio.

Other Hedge Funds, Including , Quadrature Capital Ltd sold out all of its stake in SE during the most recent quarter. The investment firm sold 44,900 shares of SE which is valued $1,632,564.Telos Capital Management boosted its stake in SE in the latest quarter, The investment management firm added 2,019 additional shares and now holds a total of 42,537 shares of Spectra Energy Corp. which is valued at $1,537,287. Spectra Energy Corp. makes up approx 0.72% of Telos Capital Management’s portfolio.Sharkey Howes Javer reduced its stake in SE by selling 513 shares or 57.64% in the most recent quarter. The Hedge Fund company now holds 377 shares of SE which is valued at $13,794. Spectra Energy Corp. makes up approx 0.01% of Sharkey Howes Javer’s portfolio.Brick Kyle Associates reduced its stake in SE by selling 493 shares or 3.59% in the most recent quarter. The Hedge Fund company now holds 13,238 shares of SE which is valued at $484,378. Spectra Energy Corp. makes up approx 0.39% of Brick Kyle Associates’s portfolio.Nn Investment Partners Holdings N.v. boosted its stake in SE in the latest quarter, The investment management firm added 40,368 additional shares and now holds a total of 618,732 shares of Spectra Energy Corp. which is valued at $22,750,776. Spectra Energy Corp. makes up approx 0.21% of Nn Investment Partners Holdings N.v.’s portfolio.

Spectra Energy Corp. opened for trading at $36.15 and hit $36.39 on the upside on Tuesday, eventually ending the session at $36.25, with a gain of 0.39% or 0.14 points. The heightened volatility saw the trading volume jump to 35,66,182 shares. Company has a market cap of $25,411 M.

On the company’s financial health, Spectra Energy Corp. reported $0.24 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.28. The company had revenue of $1159.00 million for the quarter, compared to analysts expectations of $1294.10 million. The company’s revenue was down -2.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.23 EPS.

Many Wall Street Analysts have commented on Spectra Energy Corp.. Simmons Initiated Spectra Energy Corp. on Aug 1, 2016 to “Overweight”, Price Target of the shares are set at $41.RBC Capital Mkts Initiated Spectra Energy Corp. on Jun 27, 2016 to “Outperform”, Price Target of the shares are set at $39.

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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