Enbridge Inc: Spectra Energy Partners Has increased Its Position

May 17, 2018 - By Vernon Prom

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

Big Money Sentiment decreased to 0.82 in 2017 Q4. It has change of 0.31, from 2017Q3’s 1.13. The ratio fall due to Spectra Energy Partners, LP positioning: 22 sold and 74 reduced. 24 funds amassed stakes and 55 increased stakes. Investors holded 62.25 million in 2017Q3 but now own 66.54 million shares or 6.90% more.

14,977 are held by Utd Cap Advisers Limited Com. Valley National Advisers invested in 0.02% or 1,305 shs. Alps Advsrs Incorporated stated it has 1.83% of its capital in Spectra Energy Partners, LP (NYSE:SEP). Baystate Wealth Management Limited Com has invested 0% of its capital in Spectra Energy Partners, LP (NYSE:SEP). River Road Asset Management Ltd Limited Liability Company accumulated 1.01 million shs. Duncker Streett Company invested in 0.01% or 1,400 shs. Virginia-based Thompson Siegel Walmsley Ltd Liability Corporation has invested 0.02% in Spectra Energy Partners, LP (NYSE:SEP). Benjamin F Edwards & Co owns 0% invested in Spectra Energy Partners, LP (NYSE:SEP) for 200 shs. Enterprise Fin Services Corporation, Missouri-based fund reported 533 shs. San Francisco Sentry Inv Gp (Ca) holds 500 shs. Hightower Limited Company has invested 0.02% in Spectra Energy Partners, LP (NYSE:SEP). Netherlands-based Ing Groep Nv has invested 0.07% in Spectra Energy Partners, LP (NYSE:SEP). Dreman Value L L C holds 0.01% in Spectra Energy Partners, LP (NYSE:SEP) or 530 shs. Cushing Asset Mngmt L P accumulated 0.7% or 584,800 shs. 696,100 were reported by Bank & Trust Of Montreal Can.

The increased Interest in Spectra Energy Partners was announced by Enbridge Inc

Enbridge Inc filed with SEC a SC 13D/A form about Spectra Energy Partners. The form can be accessed here: 000114420418029377.The filler increased its holding in the stock by 42.81 % for 402,989,862 shares.In another report on May 17, 2018 the percentage Enbridge Inc owns in Energy- stock is 83.11%.

Spectra Energy Partners Institutional Changes

189 investors own Spectra Energy Partners says the latest Sec.gov forms. 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 take place in the top Ten portfolios of 9 managers. Significant 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 owning 9158 shares since 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 announced 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 WallStreet expected Spectra Energy Partners, LP (NYSE:SEP)’s earnings report, Faxor reports. Analysts forecast 11.90 % diference or $0.74 from the $0.84 EPS from 2017. If $0.74 is reported, SEP’s profit will reach $363.56M for 11.18 P/E. -13.95 % negative EPS growth is what analysts predict. $0.86 earnings per share was revealed for previous quarter.

SEP touched $33.1 during the last trading session after $0.08 change.Currently Spectra Energy Partners, LP is downtrending after 22.60% change in last May 17, 2017. SEP has also 499,789 shares volume. SEP underperformed the S&P500 by 34.15%.

Spectra Energy Partners, LP operates as an investment arm of Spectra Energy Corp.The company has $16.26 billion market cap. 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 Friday, March 23 the firm has “Underweight” rating given by Morgan Stanley. The company rating was maintained by Stifel Nicolaus on Wednesday, November 29. On Wednesday, December 6 the rating was maintained by Raymond James with “Buy”. On Wednesday, April 11 the firm earned “Hold” rating by Mizuho. On Thursday, March 22 the firm earned “Hold” rating by Wells Fargo. In Friday, March 9 report Morgan Stanley maintained it with “Underweight” rating and $43 target. On Wednesday, December 20 the stock has “Buy” rating by Jefferies. On Friday, April 13 the stock has “Hold” rating by J.P. Morgan. The stock rating was maintained by Jefferies with “Buy” on Wednesday, April 25. On Thursday, January 4 the firm has “Overweight” rating given by U.S. Capital Advisors.

A couple more Spectra Energy Partners, LP (NYSE:SEP) news were released by: Seekingalpha.com which released on May 16, 2018 “Don’t Buy L Brands – Cramer’s Lightning Round (5/15/18)”, also Streetinsider.com on May 17, 2018 released “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. Benzinga.com has article titled “Earnings Scheduled For May 9, 2018”.

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

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