Solaris Asset Management Lowers stake in Spectra Energy Partners LP (SEP)

Spectra Energy Partners LP (SEP) : Solaris Asset Management reduced its stake in Spectra Energy Partners LP by 3.88% during the most recent quarter end. The investment management company now holds a total of 2,475 shares of Spectra Energy Partners LP which is valued at $118,899 after selling 100 shares in Spectra Energy Partners LP , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Spectra Energy Partners LP makes up approximately 0.08% of Solaris Asset Management’s portfolio.

Other Hedge Funds, Including , Pointe Capital Management added SEP to its portfolio by purchasing 6,582 company shares during the most recent quarter which is valued at $316,199. Spectra Energy Partners LP makes up approx 0.23% of Pointe Capital Management’s portfolio. Concorde Asset Management added SEP to its portfolio by purchasing 6,419 company shares during the most recent quarter which is valued at $312,990. Spectra Energy Partners LP makes up approx 0.30% of Concorde Asset Management’s portfolio. Acadian Asset Management sold out all of its stake in SEP during the most recent quarter. The investment firm sold 4,910 shares of SEP which is valued $236,269.Spirit Of America Management Corpny boosted its stake in SEP in the latest quarter, The investment management firm added 34,000 additional shares and now holds a total of 365,295 shares of Spectra Energy Partners LP which is valued at $16,902,200. Spectra Energy Partners LP makes up approx 2.49% of Spirit Of America Management Corpny’s portfolio.

Spectra Energy Partners LP opened for trading at $47.9 and hit $48.97 on the upside on Friday, eventually ending the session at $48.74, with a gain of 1.56% or 0.75 points. The heightened volatility saw the trading volume jump to 4,03,232 shares. Company has a market cap of $13,982 M.

Many Wall Street Analysts have commented on Spectra Energy Partners LP. 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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