Enbridge Inc: Spectra Energy Partners Has increased Its Position

May 17, 2018 - By Noel Courtney

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 fall. 55 increased stakes while 24 funds acquired stakes. Funds hold 66.54 million shares thus 6.90% more from 2017Q3’s 62.25 million shares.

The New York-based Neuberger Berman Limited Liability has invested 0.03% in Spectra Energy Partners, LP (NYSE:SEP). Eagle Global Advisors Limited Liability Corp owns 14,060 shs or 0.02% of their US capital. Schaper Benz And Wise Investment Counsel Inc Wi has 14,900 shs for 0.09% of their capital. Mariner Grp Inc Inc Limited Liability holds 3.57% in Spectra Energy Partners, LP (NYSE:SEP) or 215,617 shs. 14,174 are owned by Clinton Grp Incorporated. Invesco Ltd owns 46,625 shs for 0% of their capital. Veritable L P holds 0.13% or 160,736 shs. Moreover, Delta Asset Management Ltd Llc Tn has 0.01% invested in Spectra Energy Partners, LP (NYSE:SEP) for 1,000 shs. Pennsylvania-based Commonwealth Of Pennsylvania Public School Empls Retrmt Systems has invested 0.12% in Spectra Energy Partners, LP (NYSE:SEP). Jpmorgan Chase And has invested 0.01% in Spectra Energy Partners, LP (NYSE:SEP). Aviance Cap Partners Ltd Llc holds 0.31% or 23,734 shs in its capital. Asset Incorporated holds 0.02% or 23,772 shs. Duncker Streett & Co accumulated 1,400 shs. Homrich And Berg holds 0.1% of its capital in Spectra Energy Partners, LP (NYSE:SEP) for 36,806 shs. 10,931 are owned by Gam Hldg Ag.

Spectra Energy Partners has increased Interest, Enbridge Inc posted

SC 13D/A SEC form was disclosed by Enbridge Inc about Spectra Energy Partners. And here’s the link: 000114420418029377.The Enbridge Inc’s holding increased by 42.81 % for 402,989,862 shares.On May 17, 2018 Enbridge Inc owns 83.11% of the Energy- stock.

Spectra Energy Partners Institutional Changes

189 investors own Spectra Energy Partners says the latest Securities and Exchange Commission 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.

The stock participate in the top Ten portfolios of 9 managers. Well-known investors are: 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..

The first, David Dreman Dreman Value Management Llc is holding 9158 shares as of Q3 2017 for 0.22% of its portfolio. The next Bollard Group Llc owns 141326 shares or 0.33% of its portfolio. 10818 shares owns X1 Ancora Advisors Llc which is 0.03% of their stock portfolio. Beach Investment Counsel Inc posted stake worth 0.03% of its US stock portfolio. Further, the 20150 shares are had by TX American National Insurance Company. Spectra Energy Partners is 0.05% of the manager�s US portfolio.

On August, 1 Spectra Energy Partners, LP (NYSE:SEP)’s earnings report is awaited by WallStreet, according to Faxor. Analysts have expectation on stock’s EPS of $0.74. That’s down 11.90 % from last year’s $0.84 EPS. In case of $0.74 EPS SEP’s profit could be $363.56 million. After $0.86 EPS was reported previous quarter, analysts now see negative EPS growth of -13.95 % for Spectra Energy Partners, LP.

SEP touched $33.1 during the last trading session after $0.08 change.Spectra Energy Partners, LP has volume of 499,789 shares. Since May 17, 2017 SEP has declined 22.60% and is downtrending. The stock 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

Total analysts of 15 have positions in Spectra Energy Partners (NYSE:SEP) as follows: 4 rated it a “Buy”, 2 with “Sell” and 9 with “Hold”. The positive are 27%. The firm has $53.0 highest while $32 is the lowest price target. The average target $38 is 14.80% above the last ($33.1) price. Since November 29, 2017 according to StockzIntelligence Inc Spectra Energy Partners has 27 analyst reports. On Monday, January 22 the stock of Spectra Energy Partners, LP (NYSE:SEP) earned “Buy” rating by RBC Capital Markets. On Wednesday, December 20 the stock has “Buy” rating by Jefferies. On Thursday, February 22 Stifel Nicolaus maintained Spectra Energy Partners, LP (NYSE:SEP) with “Buy” rating. On Tuesday, March 6 the rating was downgraded by Stifel Nicolaus to “Hold”. On Wednesday, April 11 the rating was maintained by Mizuho with “Hold”. On Thursday, January 11 the company was downgraded by Wells Fargo. On Friday, April 13 the rating was downgraded by JP Morgan to “Neutral”. On Sunday, April 22 the firm earned “Hold” rating by Stifel Nicolaus. On Wednesday, December 20 the stock of Spectra Energy Partners, LP (NYSE:SEP) has “Equal-Weight” rating given by Barclays Capital. On Tuesday, January 16 the rating was maintained by RBC Capital Markets with “Buy”.

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

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

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