Spectra Energy Partners, LP (NYSE:SEP)’s share price was down 0% on Friday . The company traded as low as $46.06 and last traded at $46.30, with a volume of 121,687 shares. The stock had previously closed at $46.31.

A number of equities analysts have weighed in on SEP shares. Zacks Investment Research cut Spectra Energy Partners, from a “buy” rating to a “hold” rating in a report on Wednesday, April 13th. Barclays PLC began coverage on Spectra Energy Partners, in a research report on Wednesday, April 13th. They issued an “overweight” rating and a $54.00 target price on the stock. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Spectra Energy Partners, in a research report on Sunday, May 29th. BMO Capital Markets began coverage on Spectra Energy Partners, in a research report on Tuesday, April 19th. They issued an “outperform” rating and a $53.00 target price on the stock. Finally, Stifel Nicolaus began coverage on Spectra Energy Partners, in a research report on Tuesday, May 31st. They issued a “buy” rating and a $50.00 target price on the stock. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $53.92.

The stock’s 50 day moving average is $46.17 and its 200-day moving average is $46.14. The stock has a market cap of $13.27 billion and a price-to-earnings ratio of 14.01.

Spectra Energy Partners, (NYSE:SEP) last posted its quarterly earnings results on Wednesday, May 4th. The company reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.18. On average, equities research analysts predict that Spectra Energy Partners, LP will post $3.28 earnings per share for the current year.

Several hedge funds and institutional investors recently modified their holdings of the stock. Chickasaw Capital Management LLC raised its position in shares of 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 in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Spectra Energy Partners, by 101.0% in the fourth quarter. BNP Paribas Arbitrage SA now owns 274,640 shares of the company’s stock worth $13,100,000 after buying an additional 137,972 shares in the last quarter. Advantus Capital Management Inc bought a new position in shares of Spectra Energy Partners, during the fourth quarter worth approximately $2,228,000. New Vernon Investment Management LLC bought a new position in shares of Spectra Energy Partners, during the fourth quarter worth approximately $2,624,000. Finally, Wells Fargo & Company MN raised its position in shares of Spectra Energy Partners, by 4.7% in the fourth quarter. Wells Fargo & Company MN now owns 143,576 shares of the company’s stock worth $6,849,000 after buying an additional 6,392 shares in the last quarter.

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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