Shares of Spectra Energy Partners, LP (NYSE:SEP) fell 2.1% during trading on Thursday . The stock traded as low as $47.03 and last traded at $47.04, with a volume of 351,915 shares changing hands. The stock had previously closed at $48.04.

Several brokerages have recently commented on SEP. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Spectra Energy Partners, in a report on Sunday, May 29th. Stifel Nicolaus raised their target price on Spectra Energy Partners, from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Zacks Investment Research upgraded Spectra Energy Partners, from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Thursday, April 21st. Piper Jaffray Cos. initiated coverage on Spectra Energy Partners, in a research note on Monday, August 1st. They issued an “overweight” rating for the company. Finally, BMO Capital Markets initiated coverage on Spectra Energy Partners, in a research note on Tuesday, April 19th. They issued an “outperform” rating and a $53.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $54.62.

The firm has a market cap of $14.19 billion and a PE ratio of 14.77. The company’s 50 day moving average price is $47.46 and its 200-day moving average price is $46.74.

Spectra Energy Partners, (NYSE:SEP) last issued its earnings results on Wednesday, August 3rd. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by $0.10. During the same period in the prior year, the firm posted $0.83 EPS. The company had revenue of $618 million for the quarter, compared to analysts’ expectations of $645.60 million. The company’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities analysts predict that Spectra Energy Partners, LP will post $3.25 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Monday, August 15th will be paid a dividend of $0.6638 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $2.66 dividend on an annualized basis and a dividend yield of 5.66%. This is a boost from Spectra Energy Partners,’s previous quarterly dividend of $0.65.

Several institutional investors have recently modified their holdings of the company. River Road Asset Management LLC purchased a new position in shares of Spectra Energy Partners, during the fourth quarter worth approximately $24,818,000. Kayne Anderson Capital Advisors LP boosted its stake in shares of Spectra Energy Partners, by 172.1% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 2,603,000 shares of the company’s stock worth $124,149,000 after buying an additional 1,646,400 shares during the period. Chickasaw Capital Management LLC boosted its stake 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 during the period. BNP Paribas Arbitrage SA boosted its stake 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 during the period. Finally, Wells Fargo & Company MN boosted its stake 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 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.