Did Spectra Energy Partners Make Bullish Trade After Enbridge Inc increased Its Position?

May 17, 2018 - By Kyle Williams

Spectra Energy Partners, LP (NYSE:SEP) Corporate Logo

During Q4 2017 the big money sentiment decreased to 0.82. That’s change of 0.31, from 2017Q3’s 1.13. 22 investors sold all, 74 reduced holdings as Spectra Energy Partners, LP ratio is negative. 55 rose positions while 24 funds amassed positions. Funds hold 66.54 million shares thus 6.90% more from 2017Q3’s 62.25 million shares.

Moreover, Everett Harris & Co Ca has 0.14% invested in Spectra Energy Partners, LP (NYSE:SEP) for 106,293 shs. San Francisco Sentry Gp (Ca) accumulated 500 shs. 370,135 were accumulated by National Bank & Trust Of America Corporation De. Illinois-based Calamos Advsr Ltd Llc has invested 0.05% in Spectra Energy Partners, LP (NYSE:SEP). Eventide Asset Mngmt Llc stated it has 62,500 shs. Credit Suisse Ag invested in 0% or 125,907 shs. Ameriprise Fincl invested in 0% or 244,026 shs. Clinton holds 0.05% or 14,174 shs in its capital. New Jersey-based State Of New Jersey Common Pension Fund D has invested 0.03% in Spectra Energy Partners, LP (NYSE:SEP). Sandy Spring Retail Bank owns 203 shs or 0% of their US capital. Beach Investment Counsel Pa accumulated 6,397 shs. Kayne Anderson Capital Advisors Lp accumulated 3.39 million shs. Oppenheimer holds 0.02% or 19,674 shs. M&T Comml Bank Corporation has invested 0% in Spectra Energy Partners, LP (NYSE:SEP). Alexandria Cap Limited Liability Corp invested 0.15% of its capital in Spectra Energy Partners, LP (NYSE:SEP).

Spectra Energy Partners has increased Interest, Enbridge Inc reported

By clicking the link 000114420418029377 you will find SC 13D/A SEC report submitted by Enbridge Inc about Spectra Energy Partners.The filler increased its position in the stock by 42.81 % for 402,989,862 shares.Enbridge Inc currently owns 83.11% of the Energy- stock. This ownership filing was filed because activity on May 17, 2018.

Spectra Energy Partners Institutional Holdings

189 investors own Spectra Energy Partners says the latest SEC filings. In Q3 2017 the institutional ownership is high, which is Infinity of the outstanding shares. By 6232321 shares it is increased. Institutional investors had 62247276. In total 19 funds opened new Spectra Energy Partners stakes, 77 increased stakes. There were 19 that closed positions and 66 reduced them.

Here’s the stocks most Well-known investors in which it takes place: Mariner Investment Group Llc, Center Coast Capital Advisors Lp, Samson Capital Management Llc, Texas Yale Capital Corp., Heronetta Management L.P., Energy Income Partners Llc..

Since Q3 2017 David Dreman Dreman Value Management Llc is owning 0.22% of its US portfolio or 9158 shares. The stake that Bollard Group Llc reported worth 0.33% of its portfolio 141326 shares. Further, Ancora Advisors Llc reported stake worth 0.03% of the manager�s US portfolio. 6397 shares holds PA Ancora Advisors Llc which is 0.03% of their stock portfolio. The 20150 shares are had by TX American National Insurance Company. Spectra Energy Partners is 0.05% of its portfolio.

Spectra Energy Partners, LP (NYSE:SEP) is expected to publish earnings on August, 1., as reported by RTT. Analysts forecast $0.74 EPS. That’s $0.10 down or 11.90 % from 2017’s earnings of $0.84. If the current EPS of $0.74 is accurate, SEP’s profit could reach $363.56 million. Last quarter $0.86 EPS was reported. Analysts forecasts -13.95 % negative EPS growth this quarter.

SEP is hitting $33.1 during the last trading session, after decreased 0.24%.Spectra Energy Partners, LP has volume of 499,789 shares. Since May 17, 2017 SEP has declined 22.60% and is downtrending. SEP underperformed the S&P 500 by 34.15%.

Spectra Energy Partners, LP operates as an investment arm of Spectra Energy Corp.The firm is worth $16.26 billion. Spectra Energy Partners, LP, through its subsidiaries, engages in the transportation of natural gas through interstate pipeline systems, and the storage of natural gas in underground facilities in the United States.The P/E ratio is 42.76. As of December 31, 2007, it owned and operated 100% of the approximately 1,400-mile East Tennessee interstate natural gas transportation system that extends from central Tennessee eastward into southwest Virginia and northern North Carolina, and southward into northern Georgia; and a liquefied natural gas storage facility in Kingsport, Tennessee with working gas storage capacity of approximately 1.1 billion cubic feet and re-gasification capability of 150 million cubic feet per day.

Spectra Energy Partners, LP (NYSE:SEP) Ratings Coverage

In total 15 analysts cover Spectra Energy Partners (NYSE:SEP). “Buy” rating has 4, “Sell” are 2, while 9 are “Hold”. (NYSE:SEP) has 27% bullish analysts. With $53.0 highest and $32 lowest price target, Spectra Energy Partners has $38 average price target or 14.80% above the current ($33.1) price. 27 are the (NYSE:SEP)’s ratings reports on 17 May 2018 according to StockzIntelligence Inc. On Monday, January 22 the stock of Spectra Energy Partners, LP (NYSE:SEP) earned “Buy” rating by RBC Capital Markets. On Wednesday, April 25 the firm earned “Buy” rating by Jefferies. The company rating was maintained by Stifel Nicolaus on Wednesday, November 29. On Friday, March 23 Morgan Stanley maintained Spectra Energy Partners, LP (NYSE:SEP) with “Underweight” rating. On Friday, April 13 the company was downgraded by J.P. Morgan. On Thursday, March 22 the rating was maintained by Wells Fargo with “Hold”. On Wednesday, December 13 the firm has “Buy” rating by RBC Capital Markets given. On Friday, March 9 the rating was maintained by Morgan Stanley with “Underweight”. In Thursday, February 22 report Stifel Nicolaus maintained the stock with “Buy” rating. On Thursday, January 11 Wells Fargo downgraded Spectra Energy Partners, LP (NYSE:SEP) rating. Wells Fargo has “Hold” rating and $46.0 target.

A couple more Spectra Energy Partners, LP (NYSE:SEP) news were published by: Streetinsider.com which released on May 17, 2018 “Enbridge to consolidate assets in $8.94 billion restructuring”, also Seekingalpha.com on May 16, 2018 published “Don’t Buy L Brands – Cramer’s Lightning Round (5/15/18)”, the next Benzinga.com is “Earnings Scheduled For May 9, 2018” on May 09, 2018. Streetinsider.com has article titled “Enbridge (ENB) Announces Simplification of Corporate Structure with Proposals to Acquire Sponsored Vehicle Equity …”.

Spectra Energy Partners, LP (NYSE:SEP) Institutional Investors Chart

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