Spectra Energy Partners, LP (SEP) Lowered to Strong Sell at BidaskClub

Spectra Energy Partners, LP (NYSE:SEP) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Friday, June 16th.

Other equities research analysts have also recently issued reports about the company. Jefferies Group LLC reiterated a “buy” rating on shares of Spectra Energy Partners, in a research note on Thursday, May 11th. Credit Suisse Group reiterated an “outperform” rating and issued a $52.00 target price on shares of Spectra Energy Partners, in a research note on Friday, April 7th. Sanford C. Bernstein assumed coverage on Spectra Energy Partners, in a research note on Tuesday, May 16th. They issued a “market perform” rating on the stock. ValuEngine cut Spectra Energy Partners, from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Wells Fargo & Company restated an “outperform” rating and set a $51.00 price objective (up from $50.50) on shares of Spectra Energy Partners, in a research note on Monday, May 15th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Spectra Energy Partners, presently has an average rating of “Hold” and an average target price of $51.73.

Analyst Recommendations for Spectra Energy Partners, (NYSE:SEP)

Shares of Spectra Energy Partners, (NYSE:SEP) traded up 3.250% during trading on Friday, reaching $42.415. 280,347 shares of the company’s stock were exchanged. Spectra Energy Partners, has a 52 week low of $40.19 and a 52 week high of $49.45. The stock has a market capitalization of $13.12 billion, a PE ratio of 15.235 and a beta of 0.69. The company’s 50-day moving average is $43.27 and its 200 day moving average is $44.33.

Spectra Energy Partners, (NYSE:SEP) last posted its earnings results on Wednesday, May 10th. The pipeline company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. The company had revenue of $700 million for the quarter, compared to analysts’ expectations of $701.45 million. Spectra Energy Partners, had a return on equity of 9.92% and a net margin of 45.23%. Spectra Energy Partners,’s revenue was up 12.2% compared to the same quarter last year. On average, analysts forecast that Spectra Energy Partners, will post $3.25 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, May 26th. Investors of record on Monday, May 15th were issued a dividend of $0.7013 per share. This is a positive change from Spectra Energy Partners,’s previous quarterly dividend of $0.69. This represents a $2.81 dividend on an annualized basis and a yield of 6.83%. The ex-dividend date of this dividend was Thursday, May 11th. Spectra Energy Partners,’s payout ratio is presently 100.72%.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its position in Spectra Energy Partners, by 57.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,605 shares of the pipeline company’s stock worth $114,000 after buying an additional 954 shares during the last quarter. Archford Capital Strategies LLC raised its position in Spectra Energy Partners, by 17.8% in the first quarter. Archford Capital Strategies LLC now owns 4,143 shares of the pipeline company’s stock worth $181,000 after buying an additional 627 shares during the last quarter. Parallel Advisors LLC raised its position in Spectra Energy Partners, by 1.4% in the first quarter. Parallel Advisors LLC now owns 4,301 shares of the pipeline company’s stock worth $194,000 after buying an additional 58 shares during the last quarter. New England Private Wealth Advisors LLC purchased a new position in Spectra Energy Partners, during the first quarter worth about $205,000. Finally, WFG Advisors LP raised its position in Spectra Energy Partners, by 189.1% in the fourth quarter. WFG Advisors LP now owns 11,351 shares of the pipeline company’s stock worth $216,000 after buying an additional 7,424 shares during the last quarter. 20.48% of the stock is currently owned by hedge funds and other institutional investors.

About Spectra Energy Partners,

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.

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