Narwhal Capital Management raised its position in shares of Spectra Energy Partners, LP (NYSE:SEP) by 2.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,765 shares of the company’s stock after buying an additional 1,250 shares during the period. Narwhal Capital Management’s holdings in Spectra Energy Partners, were worth $2,112,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Rafferty Asset Management LLC acquired a new stake in shares of Spectra Energy Partners, during the first quarter worth approximately $254,000. A. D. Beadell Investment Counsel Inc. purchased a new position in Spectra Energy Partners, during the second quarter worth $255,000. Carroll Financial Associates Inc. raised its position in Spectra Energy Partners, by 3.0% in the first quarter. Carroll Financial Associates Inc. now owns 5,538 shares of the company’s stock worth $266,000 after buying an additional 161 shares during the last quarter. Sanders Morris Harris Inc. purchased a new position in Spectra Energy Partners, during the first quarter worth $283,000. Finally, Botty Investors LLC purchased a new position in Spectra Energy Partners, during the second quarter worth $284,000.

Spectra Energy Partners, LP (NYSE:SEP) traded up 2.72% during trading on Wednesday, reaching $43.76. 449,886 shares of the company’s stock traded hands. Spectra Energy Partners, LP has a one year low of $36.21 and a one year high of $50.48. The firm has a market capitalization of $13.24 billion, a PE ratio of 13.77 and a beta of 0.66. The company has a 50-day moving average price of $45.77 and a 200 day moving average price of $46.82.

Spectra Energy Partners, (NYSE:SEP) last posted 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 had revenue of $618 million for the quarter, compared to the consensus estimate of $645.60 million. During the same period in the previous year, the company earned $0.83 earnings per share. The company’s revenue was up 2.5% compared to the same quarter last year. On average, analysts anticipate that Spectra Energy Partners, LP will post $3.16 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Monday, August 15th were issued a dividend of $0.6638 per share. This represents a $2.66 annualized dividend and a dividend yield of 6.07%. This is a positive change from Spectra Energy Partners,’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Thursday, August 11th.

A number of equities analysts have weighed in on SEP shares. Jefferies Group reiterated a “buy” rating on shares of Spectra Energy Partners, in a research report on Thursday, September 8th. Tudor Pickering upgraded shares of Spectra Energy Partners, from a “hold” rating to a “buy” rating in a research report on Wednesday, September 7th. BMO Capital Markets reiterated a “buy” rating and issued a $53.00 price target on shares of Spectra Energy Partners, in a research report on Thursday, July 7th. Mitsubishi UFJ Financial Group started coverage on shares of Spectra Energy Partners, in a research report on Thursday, July 21st. They issued a “neutral” rating and a $55.00 price target for the company. Finally, Zacks Investment Research lowered shares of Spectra Energy Partners, from a “hold” rating to a “sell” rating in a research report on Thursday, July 28th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Spectra Energy Partners, presently has an average rating of “Buy” and an average price target of $53.92.

Spectra Energy Partners, Company Profile

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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