Spectra Energy Corp. (SE) : Bahl Gaynor Inc reduced its stake in Spectra Energy Corp. by 3.79% during the most recent quarter end. The investment management company now holds a total of 3,849,781 shares of Spectra Energy Corp. which is valued at $139,978,037 after selling 151,787 shares in Spectra Energy Corp. , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Spectra Energy Corp. makes up approximately 1.77% of Bahl Gaynor Inc’s portfolio.
Other Hedge Funds, Including , Cetera Advisor Networks reduced its stake in SE by selling 7,176 shares or 9.6% in the most recent quarter. The Hedge Fund company now holds 67,551 shares of SE which is valued at $2,456,154. Spectra Energy Corp. makes up approx 0.14% of Cetera Advisor Networks’s portfolio.Mn Services Vermogensbeheer B.v. boosted its stake in SE in the latest quarter, The investment management firm added 229 additional shares and now holds a total of 17,058 shares of Spectra Energy Corp. which is valued at $624,152. Spectra Energy Corp. makes up approx 0.12% of Mn Services Vermogensbeheer B.v.’s portfolio.Bartlett boosted its stake in SE in the latest quarter, The investment management firm added 2,432 additional shares and now holds a total of 998,895 shares of Spectra Energy Corp. which is valued at $35,970,209. Spectra Energy Corp. makes up approx 1.72% of Bartlett’s portfolio. Investment House sold out all of its stake in SE during the most recent quarter. The investment firm sold 7,500 shares of SE which is valued $270,075.
Spectra Energy Corp. closed down -0.42 points or -1.14% at $36.36 with 45,50,085 shares getting traded on Friday. Post opening the session at $36.6, the shares hit an intraday low of $36.22 and an intraday high of $36.64 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.