November 25, 2016 - By Louis Casey · 0 Comments
Spectra Energy Corp (NYSE:SE) institutional sentiment decreased to 0.98 in 2016 Q2. Its down -0.54, from 1.52 in 2016Q1. The ratio dropped, as 390 funds increased or started new positions, while 257 sold and reduced stakes in Spectra Energy Corp. The funds in our partner’s database now have: 470.59 million shares, up from 469.25 million shares in 2016Q1. Also, the number of funds holding Spectra Energy Corp in their top 10 positions increased from 13 to 16 for an increase of 3. Sold All: 58 Reduced: 199 Increased: 303 New Position: 87.
Spectra Energy Corp is a natural gas infrastructure company. The company has a market cap of $29.32 billion. The Firm owns and operates natural gas-related energy assets and a crude oil pipeline system connecting Canadian and the United States producers to refineries. It has a 94.23 P/E ratio. It conducts its business in four divisions: Spectra Energy Partners, Distribution, Western Canada Transmission & Processing and Field Services.
The stock closed at $41.9 during the last session. It is down 35.12% since April 22, 2016 and is uptrending. It has outperformed by 29.71% the S&P500.
Analysts await Spectra Energy Corp. (NYSE:SE) to report earnings on February, 1. They expect $0.31 EPS, up 10.71% or $0.03 from last year’s $0.28 per share. SE’s profit will be $216.93 million for 33.79 P/E if the $0.31 EPS becomes a reality. After $0.31 actual EPS reported by Spectra Energy Corp. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
According to Zacks Investment Research, “SPECTRA ENERGY CORP is one of North America’s premier natural gas infrastructure companies serving three key links in the natural gas value chain: gathering and processing, transmission and storage, and distribution. For close to a century, Spectra Energy and its predecessor companies have developed critically important pipelines and related infrastructure connecting natural gas supply sources to premium markets.”
Cincinnati Casualty Co holds 11.76% of its portfolio in Spectra Energy Corp. for 314,450 shares. St. James Investment Company Llc owns 1.94 million shares or 9.01% of their US portfolio. Moreover, Cincinnati Indemnity Co has 7.93% invested in the company for 50,000 shares. The Ohio-based Cincinnati Specialty Underwriters Insurance Co has invested 6.39% in the stock. America First Investment Advisors Llc, a Nebraska-based fund reported 352,121 shares.#img1#
Ratings analysis reveals 23% of Spectra Energy Corp.’s analysts are positive. Out of 13 Wall Street analysts rating Spectra Energy Corp., 3 give it “Buy”, 0 “Sell” rating, while 10 recommend “Hold”. The lowest target is $26 while the high is $44. The stock’s average target of $36.43 is -13.05% below today’s ($41.9) share price. SE was included in 24 notes of analysts from August 6, 2015. UBS upgraded the stock to “Neutral” rating in Wednesday, August 26 report. The company was initiated on Monday, June 27 by RBC Capital Markets. The stock of Spectra Energy Corp. (NYSE:SE) earned “Sector Perform” rating by Howard Weil on Saturday, August 8. Deutsche Bank maintained the stock with “Hold” rating in Monday, October 10 report. As per Tuesday, November 24, the company rating was maintained by Argus Research. The company was downgraded on Monday, September 26 by Argus Research. The stock has “Strong Buy” rating given by Raymond James on Monday, January 4. The company was downgraded on Wednesday, September 7 by Raymond James. The stock has “Sector Perform” rating given by Howard Weil on Thursday, August 6. As per Wednesday, June 8, the company rating was maintained by Jefferies.
Spectra Energy Corp, incorporated on July 28, 2006, is a natural gas infrastructure company. The Firm owns and operates natural gas-related energy assets and a crude oil pipeline system that connects Canadian and the United States producers to refineries in the United States Rocky Mountain and Midwest regions. The Firm operates in over three areas of the natural gas industry: gathering and processing, transmission and storage, and distribution. The Firm conducts its business in four divisions: Spectra Energy Partners, Distribution, Western Canada Transmission & Processing and Field Services.
More recent Spectra Energy Corp. (NYSE:SE) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Helmerich & Payne, Spectra Energy and Viper Energy Partners” on November 04, 2016. Also Forbes.com published the news titled: “Spectra Energy (SE) Shares Cross 4% Yield Mark” on January 08, 2013. Nasdaq.com‘s news article titled: “Spectra Energy Corp (SE) Ex-Dividend Date Scheduled for November 08, 2016” with publication date: November 07, 2016 was also an interesting one.
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By Louis Casey