Zacks Investment Research lowered shares of Spectra Energy Partners, LP (NYSE:SEP) from a hold rating to a sell rating in a research note released on Thursday.

According to Zacks, “SPECTRA ENERGY PERTNERS LP is a growth oriented, Delaware master limited partnership recently formed by Spectra Energy Corp, headquartered in Houston, Texas, to own and operate natural gas transportation and storage assets. The company is one of the largest operators of natural gas pipelines and storage facilities in North America. “

Other research analysts have also issued reports about the company. Piper Jaffray Cos. began coverage on Spectra Energy Partners, in a research report on Monday, August 1st. They issued an overweight rating on the stock. Simmons lowered Spectra Energy Partners, from an overweight rating to a neutral rating and decreased their price objective for the company from $60.00 to $51.00 in a research report on Wednesday, September 7th. Stifel Nicolaus increased their price objective on Spectra Energy Partners, from $50.00 to $55.00 and gave the company a buy rating in a research report on Thursday, August 4th. Mitsubishi UFJ Financial Group began coverage on Spectra Energy Partners, in a research report on Thursday, July 21st. They issued a neutral rating and a $55.00 price objective on the stock. Finally, BMO Capital Markets reiterated a buy rating and issued a $53.00 price objective on shares of Spectra Energy Partners, in a research report on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. Spectra Energy Partners, has a consensus rating of Buy and an average target price of $53.92.

Analyst Recommendations for Spectra Energy Partners, (NYSE:SEP)

Shares of Spectra Energy Partners, (NYSE:SEP) traded up 0.271% on Thursday, hitting $42.585. The stock had a trading volume of 159,125 shares. Spectra Energy Partners, has a one year low of $36.21 and a one year high of $50.48. The company has a market capitalization of $12.89 billion, a P/E ratio of 13.404 and a beta of 0.66. The firm has a 50 day moving average price of $44.42 and a 200 day moving average price of $46.49.

Spectra Energy Partners, (NYSE:SEP) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.71 EPS for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.10. The company earned $618 million during the quarter, compared to analyst estimates of $645.60 million. Spectra Energy Partners,’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 EPS. On average, equities research analysts predict that Spectra Energy Partners, will post $3.15 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. Curbstone Financial Management Corp boosted its stake in Spectra Energy Partners, by 1.6% in the third quarter. Curbstone Financial Management Corp now owns 12,750 shares of the company’s stock worth $557,000 after buying an additional 200 shares in the last quarter. Beach Investment Counsel Inc. PA boosted its stake in Spectra Energy Partners, by 14.6% in the second quarter. Beach Investment Counsel Inc. PA now owns 249,886 shares of the company’s stock worth $11,790,000 after buying an additional 31,780 shares in the last quarter. IFP Advisors Inc boosted its stake in Spectra Energy Partners, by 41.3% in the second quarter. IFP Advisors Inc now owns 10,416 shares of the company’s stock worth $491,000 after buying an additional 3,045 shares in the last quarter. Stifel Financial Corp boosted its stake in Spectra Energy Partners, by 68.9% in the second quarter. Stifel Financial Corp now owns 59,345 shares of the company’s stock worth $2,800,000 after buying an additional 24,209 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Spectra Energy Partners, during the second quarter worth $1,297,000.

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.

5 Day Chart for NYSE:SEP

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