Wexford Capital Lp Lowers stake in Spectra Energy Partners LP (SEP)

Spectra Energy Partners LP (SEP) : Wexford Capital Lp reduced its stake in Spectra Energy Partners LP by 11.7% during the most recent quarter end. The investment management company now holds a total of 206,440 shares of Spectra Energy Partners LP which is valued at $9,630,426 after selling 27,358 shares in Spectra Energy Partners LP , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Spectra Energy Partners LP makes up approximately 1.59% of Wexford Capital Lp’s portfolio.

Other Hedge Funds, Including , Cable Hill Partners added SEP to its portfolio by purchasing 1,000 company shares during the most recent quarter which is valued at $46,650. Spectra Energy Partners LP makes up approx 0.03% of Cable Hill Partners’s portfolio.Freestone Capital Holdings boosted its stake in SEP in the latest quarter, The investment management firm added 14,842 additional shares and now holds a total of 89,089 shares of Spectra Energy Partners LP which is valued at $4,156,002. Spectra Energy Partners LP makes up approx 0.39% of Freestone Capital Holdings’s portfolio.Advantus Capital Management Inc boosted its stake in SEP in the latest quarter, The investment management firm added 25,000 additional shares and now holds a total of 78,400 shares of Spectra Energy Partners LP which is valued at $3,657,360. Spectra Energy Partners LP makes up approx 0.10% of Advantus Capital Management Inc’s portfolio.Cetera Advisor Networks boosted its stake in SEP in the latest quarter, The investment management firm added 1,966 additional shares and now holds a total of 8,535 shares of Spectra Energy Partners LP which is valued at $398,158. Spectra Energy Partners LP makes up approx 0.02% of Cetera Advisor Networks’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.

Spectra Energy Partners LP (SEP) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $46.14 and reached the intraday high at $46.29. The bulls started the profit booking and pushed the shares to intraday low of $45.76. The trading session was marked by a volume range of 2,64,204 shares exchanging hands. The 52-week high of the shares is $52.49 and the 52-week low is $36.21. The market cap of the company stands at $14,203 M and there are 30,87,53,670 shares in public circulation.

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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