Spectra Energy Partners, LP (SEP) Stock Rating Reaffirmed by Morgan Stanley

Morgan Stanley restated their underweight rating on shares of Spectra Energy Partners, LP (NYSE:SEP) in a research report released on Saturday morning. They currently have a $46.00 target price on the pipeline company’s stock.

Other research analysts have also issued research reports about the company. Zacks Investment Research raised Spectra Energy Partners, from a sell rating to a hold rating in a research report on Tuesday, January 17th. Citigroup Inc reaffirmed a neutral rating on shares of Spectra Energy Partners, in a research report on Wednesday, January 18th. Finally, Royal Bank of Canada lowered their price target on Spectra Energy Partners, from $58.00 to $56.00 and set an outperform rating on the stock in a research report on Monday, January 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. Spectra Energy Partners, has an average rating of Hold and a consensus price target of $52.33.

Spectra Energy Partners, (NYSE:SEP) traded up 0.68% during mid-day trading on Friday, reaching $44.13. The company’s stock had a trading volume of 469,237 shares. The stock’s 50 day moving average is $43.30 and its 200 day moving average is $44.06. Spectra Energy Partners, has a 12 month low of $40.19 and a 12 month high of $50.43. The company has a market cap of $13.63 billion, a price-to-earnings ratio of 15.52 and a beta of 0.66.

Spectra Energy Partners, (NYSE:SEP) last posted its quarterly earnings results on Friday, February 17th. The pipeline company reported $0.81 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by $0.01. The company had revenue of $663 million for the quarter, compared to analyst estimates of $692.08 million. Spectra Energy Partners, had a return on equity of 10.00% and a net margin of 46.49%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. Equities research analysts predict that Spectra Energy Partners, will post $3.34 EPS for the current year.

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Several institutional investors have recently bought and sold shares of the company. Hartford Financial Management Inc. acquired a new position in Spectra Energy Partners, during the third quarter worth approximately $109,000. CENTRAL TRUST Co boosted its position in shares of Spectra Energy Partners, by 8.8% in the third quarter. CENTRAL TRUST Co now owns 2,338 shares of the pipeline company’s stock worth $102,000 after buying an additional 189 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Spectra Energy Partners, by 4.6% in the third quarter. California Public Employees Retirement System now owns 77,400 shares of the pipeline company’s stock worth $3,382,000 after buying an additional 3,400 shares during the last quarter. Leavell Investment Management Inc. boosted its position in shares of Spectra Energy Partners, by 8.7% in the third quarter. Leavell Investment Management Inc. now owns 12,452 shares of the pipeline company’s stock worth $544,000 after buying an additional 1,000 shares during the last quarter. Finally, Hamlin Capital Management LLC boosted its position in shares of Spectra Energy Partners, by 27.5% in the third quarter. Hamlin Capital Management LLC now owns 1,075,775 shares of the pipeline company’s stock worth $47,001,000 after buying an additional 232,165 shares during the last quarter. 19.38% of the stock is owned by institutional investors.

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. Its segments include U.S. Transmission, Liquids and Other. The U.S.

5 Day Chart for NYSE:SEP

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