Spectra Energy Partners, LP (NYSE:SEP) fell 0% during trading on Friday . The stock traded as low as $46.06 and last traded at $46.30, with a volume of 121,687 shares traded. The stock had previously closed at $46.31.

Several research firms recently commented on SEP. BMO Capital Markets reiterated a “buy” rating and issued a $53.00 price objective on shares of Spectra Energy Partners, in a research report on Thursday. Stifel Nicolaus began coverage on shares of Spectra Energy Partners, in a research report on Tuesday, May 31st. They issued a “buy” rating and a $50.00 price objective on the stock. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Spectra Energy Partners, in a research report on Sunday, May 29th. Sanford C. Bernstein began coverage on shares of Spectra Energy Partners, in a research note on Wednesday, May 11th. They issued a “market perform” rating and a $48.00 target price for the company. Finally, Zacks Investment Research downgraded shares of Spectra Energy Partners, from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $53.92.

The firm has a market capitalization of $13.27 billion and a PE ratio of 14.01. The stock has a 50 day moving average price of $46.14 and a 200-day moving average price of $46.12.

Spectra Energy Partners, (NYSE:SEP) last announced its earnings results on Wednesday, May 4th. The company reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.18. On average, analysts expect that Spectra Energy Partners, LP will post $3.28 earnings per share for the current year.

A number of hedge funds and institutional investors have recently made changes to their positions in the stock. Penserra Capital Management LLC purchased a new position in shares of Spectra Energy Partners, during the fourth quarter valued at $1,662,000. Advantus Capital Management Inc bought a new position in Spectra Energy Partners, during the fourth quarter worth $2,228,000. Liberty Mutual Group Asset Management Inc. bought a new position in Spectra Energy Partners, during the fourth quarter worth $2,277,000. New Vernon Investment Management LLC bought a new position in Spectra Energy Partners, during the fourth quarter worth $2,624,000. Finally, Chickasaw Capital Management LLC raised its position in Spectra Energy Partners, by 8.4% in the fourth quarter. Chickasaw Capital Management LLC now owns 104,900 shares of the company’s stock worth $5,004,000 after buying an additional 8,100 shares during the period.

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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