US Capital Advisors upgraded shares of Spectra Energy Partners, LP (NYSE:SEP) from a hold rating to a buy rating in a research note published on Friday.

SEP has been the topic of a number of other reports. Jefferies Group restated a buy rating on shares of Spectra Energy Partners, in a report on Thursday, September 8th. DA Davidson reiterated a buy rating on shares of Spectra Energy Partners, in a report on Friday, September 9th. Zacks Investment Research downgraded shares of Spectra Energy Partners, from a hold rating to a sell rating in a report on Thursday, October 6th. Wolfe Research started coverage on shares of Spectra Energy Partners, in a report on Friday, October 7th. They set a hold rating and a $44.00 price target on the stock. Finally, Tudor Pickering upgraded shares of Spectra Energy Partners, from a hold rating to a buy rating in a report on Wednesday, September 7th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $53.21.

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

Shares of Spectra Energy Partners, (NYSE:SEP) traded up 1.53% during mid-day trading on Friday, reaching $42.44. 126,673 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $42.67 and a 200 day moving average price of $45.29. Spectra Energy Partners, has a 12-month low of $36.21 and a 12-month high of $50.48. The firm has a market capitalization of $12.98 billion, a price-to-earnings ratio of 14.35 and a beta of 0.66.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 29th. Stockholders of record on Monday, November 14th will be paid a $0.6763 dividend. The ex-dividend date is Wednesday, November 9th. This represents a $2.71 dividend on an annualized basis and a dividend yield of 6.47%. This is a positive change from Spectra Energy Partners,’s previous quarterly dividend of $0.66.

In other Spectra Energy Partners, news, CEO Gregory L. Ebel acquired 8,529 shares of the business’s stock in a transaction dated Monday, November 7th. The shares were purchased at an average price of $41.67 per share, for a total transaction of $355,403.43. Following the completion of the purchase, the chief executive officer now directly owns 12,895 shares of the company’s stock, valued at $537,334.65. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gregory L. Ebel acquired 8,000 shares of the business’s stock in a transaction dated Thursday, November 17th. The stock was acquired at an average price of $41.58 per share, for a total transaction of $332,640.00. Following the purchase, the chief executive officer now directly owns 22,295 shares of the company’s stock, valued at $927,026.10. The disclosure for this purchase can be found here.

Hedge funds have recently added to or reduced their stakes in the company. CENTRAL TRUST Co raised 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 worth $102,000 after buying an additional 189 shares during the last quarter. Hartford Financial Management Inc. acquired a new stake in Spectra Energy Partners, during the third quarter worth $109,000. Cantab Capital Partners LLP raised 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 worth $113,000 after buying an additional 342 shares during the last quarter. NEXT Financial Group Inc raised 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 last quarter. Finally, Archford Capital Strategies LLC raised 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 last quarter.

About Spectra Energy Partners,

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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