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Spectra Energy Partners, (NYSE:SEP) announced a quarterly dividend on Wednesday, August 6th, American Banking News reports. Shareholders of record on Monday, August 18th will be paid a dividend of 0.5663 per share on Friday, August 29th. This represents a $2.27 annualized dividend and a dividend yield of 4.35%.

A number of analysts have recently weighed in on SEP shares. Analysts at Zacks downgraded shares of Spectra Energy Partners, from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 23rd. They now have a $52.50 price target on the stock. On the ratings front, analysts at Jefferies Group raised their price target on shares of Spectra Energy Partners, from $48.00 to $50.00 in a research note on Thursday, June 5th. They now have a “hold” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “hold” rating on shares of Spectra Energy Partners, in a research note on Wednesday, May 14th. They now have a $56.00 price target on the stock, up previously from $47.00. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $51.06.

Spectra Energy Partners, (NYSE:SEP) opened at 52.01 on Wednesday. Spectra Energy Partners, has a 52 week low of $40.00 and a 52 week high of $57.56. The stock’s 50-day moving average is $52.90 and its 200-day moving average is $50.54. The company has a market cap of $14.831 billion and a P/E ratio of 9.45.

Spectra Energy Partners, (NYSE:SEP) last announced its earnings results on Wednesday, August 6th. The company reported $0.59 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.61 by $0.02. The company had revenue of $531.00 million for the quarter, compared to the consensus estimate of $560.12 million. Analysts expect that Spectra Energy Partners, will post $2.40 EPS for the current fiscal year.

Spectra Energy Partners, LP, through its subsidiaries, is engaged in the transportation and gathering of natural gas through interstate pipeline systems with over 3,200 miles of pipelines that serve the southeastern quadrant of the United States and the storage of natural gas in underground facilities with aggregate working gas storage capacity of approximately 57 billion cubic feet that are located in southeast Texas, south central Louisiana and southwest Virginia.

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