Spectra Energy Corp. (SE) : Rare Infrastructure Ltd scooped up 559 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 15, 2016. The investment management firm now holds a total of 55,460 shares of Spectra Energy Corp. which is valued at $2,016,526.Spectra Energy Corp. makes up approximately 0.09% of Rare Infrastructure Ltd’s portfolio.
Other Hedge Funds, Including , Meiji Yasuda Asset Management Co Ltd. reduced its stake in SE by selling 2,260 shares or 13.98% in the most recent quarter. The Hedge Fund company now holds 13,902 shares of SE which is valued at $505,477. Spectra Energy Corp. makes up approx 0.07% of Meiji Yasuda Asset Management Co Ltd.’s portfolio.Hemenway Trust Co boosted its stake in SE in the latest quarter, The investment management firm added 67,374 additional shares and now holds a total of 108,457 shares of Spectra Energy Corp. which is valued at $3,919,636. Spectra Energy Corp. makes up approx 0.99% of Hemenway Trust Co’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.Goelzer Investment Management boosted its stake in SE in the latest quarter, The investment management firm added 1,660 additional shares and now holds a total of 106,275 shares of Spectra Energy Corp. which is valued at $3,887,540. Spectra Energy Corp. makes up approx 0.52% of Goelzer Investment Management’s portfolio.
Spectra Energy Corp. opened for trading at $40.91 and hit $42.18 on the upside on Wednesday, eventually ending the session at $41.92, with a gain of 2.24% or 0.92 points. The heightened volatility saw the trading volume jump to 24,178,968 shares. Company has a market cap of $29,386 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.. Spectra Energy Corp. was Downgraded by Goldman to ” Neutral” on Sep 8, 2016. Spectra Energy Corp. was Downgraded by Raymond James to ” Outperform” on Sep 7, 2016. Spectra Energy Corp. was Downgraded by Simmons to ” Neutral” on Sep 7, 2016.
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.