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

A number of other research analysts have also weighed in on the stock. Royal Bank of Canada cut their price target on shares of Spectra Energy Partners, from $58.00 to $56.00 and set an outperform rating on the stock in a research note on Monday, January 23rd. Zacks Investment Research raised shares of Spectra Energy Partners, from a sell rating to a hold rating in a research note on Tuesday, January 17th. Finally, Citigroup Inc reaffirmed a neutral rating on shares of Spectra Energy Partners, in a research note on Wednesday, January 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $52.33.

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



Spectra Energy Partners, (NYSE:SEP) last announced its quarterly earnings results on Friday, February 17th. The pipeline company reported $0.81 earnings per share 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 company earned $663 million during the quarter, compared to the consensus estimate of $692.08 million. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, analysts expect that Spectra Energy Partners, will post $3.34 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of US & international copyright laws. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/04/21/spectra-energy-partnerss-sep-underweight-rating-reaffirmed-at-morgan-stanley-updated-updated.html.

Institutional investors have recently modified their holdings of the company. CENTRAL TRUST Co increased its position in shares of Spectra Energy Partners, by 8.8% in the third quarter. CENTRAL TRUST Co now owns 2,338 shares of the pipeline company’s stock worth $102,000 after buying an additional 189 shares during the last quarter. Hartford Financial Management Inc. purchased a new position in shares of Spectra Energy Partners, during the third quarter worth $109,000. Virtus ETF Advisers LLC increased its position in shares of Spectra Energy Partners, by 50.8% in the third quarter. Virtus ETF Advisers LLC now owns 4,205 shares of the pipeline company’s stock worth $184,000 after buying an additional 1,417 shares during the last quarter. Parallel Advisors LLC purchased a new position in shares of Spectra Energy Partners, during the fourth quarter worth $194,000. Finally, Miracle Mile Advisors LLC purchased a new position in shares of Spectra Energy Partners, during the third quarter worth $210,000. Institutional investors and hedge funds own 19.38% of the company’s stock.

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

5 Day Chart for NYSE:SEP

Receive News & Stock 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 stocks with our FREE daily email newsletter.