Spectra Energy Partners, LP (NYSE:SEP) shares were down 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 trading hands. The stock had previously closed at $48.04.

Several research analysts recently commented on SEP shares. BMO Capital Markets started coverage on Spectra Energy Partners, in a research report on Tuesday, April 19th. They set an “outperform” rating and a $53.00 price target for the company. Zacks Investment Research upgraded Spectra Energy Partners, from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Thursday, April 21st. Sanford C. Bernstein began coverage on Spectra Energy Partners, in a research note on Wednesday, May 11th. They issued a “market perform” rating and a $48.00 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on Spectra Energy Partners, from $61.00 to $58.00 and set an “overweight” rating on the stock in a research note on Friday, May 27th. Finally, Stifel Nicolaus began coverage on Spectra Energy Partners, in a research note on Tuesday, May 31st. They issued a “buy” rating and a $50.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $54.62.

The stock has a 50 day moving average price of $47.44 and a 200 day moving average price of $46.78. The company has a market cap of $14.12 billion and a price-to-earnings ratio of 14.68.

Spectra Energy Partners, (NYSE:SEP) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by $0.10. The business earned $618 million during the quarter, compared to analyst estimates of $645.60 million. The business’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.83 EPS. On average, analysts forecast that Spectra Energy Partners, LP will post $3.33 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Monday, August 15th will be paid a dividend of $0.6638 per share. The ex-dividend date is Thursday, August 11th. This represents a $2.66 dividend on an annualized basis and a yield of 5.69%. This is a boost from Spectra Energy Partners,’s previous quarterly dividend of $0.65.

Other institutional investors have made changes to their positions in the company. Kayne Anderson Capital Advisors LP increased its position 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 last quarter. River Road Asset Management LLC acquired a new position in shares of Spectra Energy Partners, during the fourth quarter worth $24,818,000. BNP Paribas Arbitrage SA increased 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 during the last quarter. Finally, Chickasaw Capital Management LLC increased 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 during 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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