Spectra Energy Partners, LP (NYSE:SEP) Director J D. Woodward purchased 2,500 shares of the company’s stock in a transaction dated Tuesday, November 15th. The stock was purchased at an average price of $42.27 per share, with a total value of $105,675.00. Following the completion of the purchase, the director now directly owns 45,000 shares in the company, valued at approximately $1,902,150. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Spectra Energy Partners, LP (NYSE:SEP) traded down 1.36% during trading on Wednesday, reaching $41.28. 338,304 shares of the company traded hands. Spectra Energy Partners, LP has a 12-month low of $36.21 and a 12-month high of $50.48. The stock has a market capitalization of $12.63 billion, a P/E ratio of 13.96 and a beta of 0.66. The firm’s 50 day moving average is $42.88 and its 200-day moving average is $45.38.

Spectra Energy Partners, (NYSE:SEP) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.80 by $0.04. The business had revenue of $628 million for the quarter, compared to analyst estimates of $665.42 million. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, equities research analysts anticipate that Spectra Energy Partners, LP will post $3.10 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 29th. Shareholders of record on Monday, November 14th will be paid a $0.6763 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. This is an increase from Spectra Energy Partners,’s previous quarterly dividend of $0.66. This represents a $2.71 annualized dividend and a yield of 6.55%.

A number of research analysts have recently commented on SEP shares. Mitsubishi UFJ Financial Group started coverage on Spectra Energy Partners, in a research note on Thursday, July 21st. They issued a “neutral” rating and a $55.00 price target for the company. Jefferies Group increased their price objective on Spectra Energy Partners, from $53.00 to $54.00 and gave the company a “buy” rating in a report on Monday, July 25th. Zacks Investment Research downgraded Spectra Energy Partners, from a “hold” rating to a “sell” rating in a report on Thursday, July 28th. Simmons started coverage on Spectra Energy Partners, in a report on Monday, August 1st. They issued an “overweight” rating and a $60.00 price objective for the company. Finally, Piper Jaffray Cos. started coverage on Spectra Energy Partners, in a report on Monday, August 1st. They issued an “overweight” rating for the company. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $53.21.

A number of hedge funds have recently bought and sold shares of SEP. CENTRAL TRUST Co increased its stake in Spectra Energy Partners, by 8.8% in the third quarter. CENTRAL TRUST Co now owns 2,338 shares of the company’s stock valued at $102,000 after buying an additional 189 shares in the last quarter. Cantab Capital Partners LLP increased its stake in Spectra Energy Partners, by 16.7% in the second quarter. Cantab Capital Partners LLP now owns 2,386 shares of the company’s stock valued at $113,000 after buying an additional 342 shares in the last quarter. Hartford Financial Management Inc. acquired a new stake in Spectra Energy Partners, during the third quarter valued at $109,000. Archford Capital Strategies LLC increased its stake in Spectra Energy Partners, by 2,111.3% in the second quarter. Archford Capital Strategies LLC now owns 3,516 shares of the company’s stock valued at $166,000 after buying an additional 3,357 shares in the last quarter. Finally, NEXT Financial Group Inc increased its stake in Spectra Energy Partners, by 57.4% in the third quarter. NEXT Financial Group Inc now owns 3,641 shares of the company’s stock valued at $159,000 after buying an additional 1,328 shares in the last quarter.

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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