Today The Spectra Energy Partners,’s (SEP) Outperform Rating Reiterated at RBC Capital Markets

Today The Spectra Energy Partners,’s (SEP) Outperform Rating Reiterated at RBC Capital Markets

RBC Capital Markets reiterated their outperform rating on shares of Spectra Energy Partners, LP (NYSE:SEP) in a report published on Friday. The brokerage currently has a $56.00 price target on the stock, down from their previous price target of $58.00.

SEP has been the topic of a number of other research reports. Citigroup Inc. reaffirmed a neutral rating on shares of Spectra Energy Partners, in a research note on Wednesday, January 18th. US Capital Advisors raised shares of Spectra Energy Partners, from a hold rating to a buy rating in a research note on Friday, November 18th. Zacks Investment Research raised shares of Spectra Energy Partners, from a sell rating to a hold rating in a research note on Tuesday, January 17th. Finally, Wolfe Research began coverage on shares of Spectra Energy Partners, in a research note on Friday, October 7th. They set a hold rating and a $44.00 target price on the stock. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Spectra Energy Partners, presently has an average rating of Buy and a consensus target price of $53.43.

Spectra Energy Partners, (NYSE:SEP) opened at 45.54 on Friday. The firm has a market cap of $13.93 billion, a P/E ratio of 15.40 and a beta of 0.65. The stock has a 50 day moving average price of $45.73 and a 200-day moving average price of $44.89. Spectra Energy Partners, has a 1-year low of $39.53 and a 1-year high of $50.48.

Spectra Energy Partners, (NYSE:SEP) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.80 by $0.04. Spectra Energy Partners, had a net margin of 46.49% and a return on equity of 10.00%. The firm had revenue of $628 million for the quarter, compared to analyst estimates of $665.42 million. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. Equities research analysts forecast that Spectra Energy Partners, will post $2.93 EPS for the current year.

In other news, CEO Gregory L. Ebel purchased 8,529 shares of the business’s stock in a transaction on Monday, November 7th. The shares were acquired at an average price of $41.67 per share, with a total value of $355,403.43. Following the completion of the transaction, the chief executive officer now owns 12,895 shares of the company’s stock, valued at approximately $537,334.65. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director J D. Woodward purchased 2,500 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were purchased at an average cost of $42.27 per share, for a total transaction of $105,675.00. Following the transaction, the director now directly owns 45,000 shares of the company’s stock, valued at approximately $1,902,150. The disclosure for this purchase can be found here. Insiders have acquired 19,029 shares of company stock worth $793,718 in the last ninety days.

Institutional investors have recently made changes to their positions in the stock. LPL Financial LLC raised its position in shares of Spectra Energy Partners, by 35.9% in the third quarter. LPL Financial LLC now owns 23,339 shares of the company’s stock valued at $978,000 after buying an additional 6,163 shares in the last quarter. Credit Suisse AG raised its position in shares of Spectra Energy Partners, by 110.5% in the third quarter. Credit Suisse AG now owns 82,807 shares of the company’s stock valued at $3,619,000 after buying an additional 43,468 shares in the last quarter. Intl Fcstone Inc. bought a new position in shares of Spectra Energy Partners, during the third quarter valued at $742,000. Dean Investment Associates LLC raised its position in shares of Spectra Energy Partners, by 5.9% in the third quarter. Dean Investment Associates LLC now owns 20,368 shares of the company’s stock valued at $890,000 after buying an additional 1,134 shares in the last quarter. Finally, Cetera Advisor Networks LLC raised its position in shares of Spectra Energy Partners, by 39.4% in the third quarter. Cetera Advisor Networks LLC now owns 11,896 shares of the company’s stock valued at $520,000 after buying an additional 3,361 shares in the last quarter. Hedge funds and other institutional investors own 19.06% of the company’s stock.

Spectra Energy Partners, Company Profile

Spectra Energy Partners, L.P., through its subsidiaries and equity affiliates, 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’s segments include U.S. Transmission, Liquids and Other.

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