Morgan Stanley Reiterates “Underweight” Rating for Spectra Energy Partners, LP (SEP)

Morgan Stanley reissued their underweight rating on shares of Spectra Energy Partners, LP (NYSE:SEP) in a report issued on Saturday morning. They currently have a $46.00 target price on the pipeline company’s stock.

A number of other equities research analysts have also issued reports on SEP. Citigroup Inc reissued a neutral rating on shares of Spectra Energy Partners, in a report on Wednesday, January 18th. Royal Bank of Canada reissued an outperform rating and issued a $56.00 price objective (down previously from $58.00) on shares of Spectra Energy Partners, in a report on Friday, January 20th. Finally, Zacks Investment Research raised shares of Spectra Energy Partners, from a sell rating to a hold rating in a report on Tuesday, January 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. Spectra Energy Partners, presently has an average rating of Hold and a consensus target price of $52.33.

Shares of Spectra Energy Partners, (NYSE:SEP) traded up 0.68% on Friday, reaching $44.13. 469,237 shares of the company traded hands. The stock has a 50-day moving average price of $43.30 and a 200 day moving average price of $44.06. The firm has a market capitalization of $13.63 billion, a P/E ratio of 15.52 and a beta of 0.66. Spectra Energy Partners, has a 1-year low of $40.19 and a 1-year high of $50.43.

Spectra Energy Partners, (NYSE:SEP) last announced its quarterly earnings data on Friday, February 17th. The pipeline company reported $0.81 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by $0.01. Spectra Energy Partners, had a net margin of 46.49% and a return on equity of 10.00%. The firm earned $663 million during the quarter, compared to analysts’ expectations of $692.08 million. Spectra Energy Partners,’s quarterly revenue was up 4.6% compared to the same quarter last year. Analysts anticipate that Spectra Energy Partners, will post $3.34 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Morgan Stanley Reiterates “Underweight” Rating for Spectra Energy Partners, LP (SEP)” was first posted by BBNS and is the property of of BBNS. If you are viewing this piece on another website, it was illegally stolen and reposted in violation of U.S. & international copyright legislation. The original version of this piece can be viewed at https://baseballnewssource.com/markets/spectra-energy-partnerss-sep-underweight-rating-reiterated-at-morgan-stanley-updated-updated/526017.html.

A number of institutional investors have recently bought and sold shares of SEP. Naples Global Advisors LLC purchased a new position in Spectra Energy Partners, during the first quarter worth $462,000. Round Table Services LLC purchased a new position in Spectra Energy Partners, during the first quarter worth $243,000. Bollard Group LLC raised its position in Spectra Energy Partners, by 11.8% in the first quarter. Bollard Group LLC now owns 135,551 shares of the pipeline company’s stock worth $5,918,000 after buying an additional 14,360 shares during the period. Duff & Phelps Investment Management Co. raised its position in Spectra Energy Partners, by 58.0% in the first quarter. Duff & Phelps Investment Management Co. now owns 395,000 shares of the pipeline company’s stock worth $17,246,000 after buying an additional 145,000 shares during the period. Finally, Capital Investment Advisors LLC raised its position in Spectra Energy Partners, by 37.9% in the first quarter. Capital Investment Advisors LLC now owns 16,036 shares of the pipeline company’s stock worth $700,000 after buying an additional 4,411 shares during the period. Hedge funds and other institutional investors own 19.38% of the company’s stock.

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. Its segments include U.S. Transmission, Liquids and Other. The U.S.

5 Day Chart for NYSE:SEP

Receive News & Ratings for Spectra Energy Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spectra Energy Partners LP and related companies with our FREE daily email newsletter.

 

Latest News

Sources Say Luis Robert Will Be Cleared by May 20 to Sign
Sources Say Luis Robert Will Be Cleared by May 20 to Sign
Colorado Rockies Bullpen Helping Them to NL West Lead
Colorado Rockies Bullpen Helping Them to NL West Lead
Hall of Famer Given New Lease on Life
Hall of Famer Given New Lease on Life
New York Mets Have the Power
New York Mets Have the Power
Red Sox Fighting Through Illness and Injury
Red Sox Fighting Through Illness and Injury
Cleveland and Arizona Off to Fast Starts
Cleveland and Arizona Off to Fast Starts


Leave a Reply

 
© 2006-2017 BBNS.