Samson Capital Management Lowers stake in Spectra Energy Partners LP (SEP)

Spectra Energy Partners LP (SEP) : Samson Capital Management reduced its stake in Spectra Energy Partners LP by 1.55% during the most recent quarter end. The investment management company now holds a total of 160,427 shares of Spectra Energy Partners LP which is valued at $7,761,458 after selling 2,533 shares in Spectra Energy Partners LP , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Spectra Energy Partners LP makes up approximately 7.33% of Samson Capital Management’s portfolio.

Other Hedge Funds, Including , Acrospire Investment Management sold out all of its stake in SEP during the most recent quarter. The investment firm sold 1,800 shares of SEP which is valued $87,084.Cfo4life boosted its stake in SEP in the latest quarter, The investment management firm added 314 additional shares and now holds a total of 8,464 shares of Spectra Energy Partners LP which is valued at $397,046. Spectra Energy Partners LP makes up approx 0.33% of Cfo4life’s portfolio. Quantbot Technologies Lp added SEP to its portfolio by purchasing 12 company shares during the most recent quarter which is valued at $577.Beacon Financial Group reduced its stake in SEP by selling 2,270 shares or 5.13% in the most recent quarter. The Hedge Fund company now holds 41,955 shares of SEP which is valued at $1,926,154. Spectra Energy Partners LP makes up approx 0.40% of Beacon Financial Group’s portfolio.Walnut Private Equity Partners reduced its stake in SEP by selling 217 shares or 2.91% in the most recent quarter. The Hedge Fund company now holds 7,233 shares of SEP which is valued at $332,067. Spectra Energy Partners LP makes up approx 0.27% of Walnut Private Equity Partners’s portfolio.

Spectra Energy Partners LP closed down -0.18 points or -0.39% at $46.16 with 14,08,287 shares getting traded on Wednesday. Post opening the session at $46.46, the shares hit an intraday low of $45.616 and an intraday high of $46.5 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Spectra Energy Partners LP reported $0.73 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.81. The company had revenue of $618.00 million for the quarter, compared to analysts expectations of $640.63 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS.

Many Wall Street Analysts have commented on Spectra Energy Partners LP. Company shares were Reiterated by Stifel on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 55 from a previous price target of $50 .Simmons Initiated Spectra Energy Partners LP on Aug 1, 2016 to “Overweight”, Price Target of the shares are set at $60.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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