Spectra Energy Partners, LP (NYSE:SEP) CEO Gregory L. Ebel bought 8,000 shares of Spectra Energy Partners, stock in a transaction on Thursday, November 17th. The shares were acquired at an average cost of $41.58 per share, for a total transaction of $332,640.00. Following the completion of the acquisition, the chief executive officer now directly owns 22,295 shares in the company, valued at $927,026.10. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Spectra Energy Partners, LP (NYSE:SEP) traded up 0.43% during mid-day trading on Friday, reaching $41.80. 453,648 shares of the company’s stock were exchanged. The firm has a market capitalization of $12.79 billion, a P/E ratio of 14.14 and a beta of 0.66. The stock has a 50-day moving average of $42.71 and a 200 day moving average of $45.33. Spectra Energy Partners, LP has a one year low of $36.21 and a one year high of $50.48.

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

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 29th. Stockholders of record on Monday, November 14th will be given a dividend of $0.6763 per share. This is an increase from Spectra Energy Partners,’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $2.71 dividend on an annualized basis and a dividend yield of 6.50%.

Several large investors have recently modified their holdings of the company. CENTRAL TRUST Co boosted its stake in shares of Spectra Energy Partners, by 8.8% in the third quarter. CENTRAL TRUST Co now owns 2,338 shares of the company’s stock worth $102,000 after buying an additional 189 shares during the period. Hartford Financial Management Inc. bought a new stake in shares of Spectra Energy Partners, during the third quarter worth $109,000. Cantab Capital Partners LLP boosted its stake in shares of Spectra Energy Partners, by 16.7% in the second quarter. Cantab Capital Partners LLP now owns 2,386 shares of the company’s stock worth $113,000 after buying an additional 342 shares during the period. NEXT Financial Group Inc boosted 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 worth $159,000 after buying an additional 1,328 shares during the period. Finally, Archford Capital Strategies LLC boosted 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 worth $166,000 after buying an additional 3,357 shares during the period.

A number of brokerages have recently issued reports on SEP. Stifel Nicolaus boosted their price target on shares of Spectra Energy Partners, from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. DA Davidson restated a “buy” rating on shares of Spectra Energy Partners, in a research report on Friday, September 9th. Piper Jaffray Cos. began coverage on shares of Spectra Energy Partners, in a research report on Monday, August 1st. They issued an “overweight” rating on the stock. Simmons began coverage on shares of Spectra Energy Partners, in a research report on Monday, August 1st. They issued an “overweight” rating and a $60.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Spectra Energy Partners, from a “sell” rating to a “hold” rating in a research report on Thursday, August 4th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Spectra Energy Partners, presently has a consensus rating of “Buy” and a consensus price target of $53.21.

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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