A number of research firms have changed their ratings and price targets for Spectra Energy Partners, (NYSE: SEP):

  • 9/9/2016 – Spectra Energy Partners, had its “buy” rating reaffirmed by analysts at DA Davidson.
  • 9/8/2016 – Spectra Energy Partners, had its “buy” rating reaffirmed by analysts at Jefferies Group.
  • 9/7/2016 – Spectra Energy Partners, was downgraded by analysts at Piper Jaffray Cos. from an “overweight” rating to a “neutral” rating.
  • 9/7/2016 – Spectra Energy Partners, was downgraded by analysts at Simmons from an “overweight” rating to a “neutral” rating. They now have a $51.00 price target on the stock, down previously from $60.00.
  • 9/7/2016 – Spectra Energy Partners, was upgraded by analysts at Tudor Pickering from a “hold” rating to a “buy” rating.
  • 8/4/2016 – Spectra Energy Partners, was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “SPECTRA ENERGY PERTNERS LP is a growth oriented, Delaware master limited partnership recently formed by Spectra Energy Corp, headquartered in Houston, Texas, to own and operate natural gas transportation and storage assets. The company is one of the largest operators of natural gas pipelines and storage facilities in North America. “
  • 8/4/2016 – Spectra Energy Partners, had its price target raised by analysts at Stifel Nicolaus from $50.00 to $55.00. They now have a “buy” rating on the stock.
  • 8/1/2016 – Spectra Energy Partners, is now covered by analysts at Simmons. They set an “overweight” rating and a $60.00 price target on the stock.
  • 8/1/2016 – Spectra Energy Partners, is now covered by analysts at Piper Jaffray Cos.. They set an “overweight” rating on the stock.
  • 7/28/2016 – Spectra Energy Partners, was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “SPECTRA ENERGY PERTNERS LP is a growth oriented, Delaware master limited partnership recently formed by Spectra Energy Corp, headquartered in Houston, Texas, to own and operate natural gas transportation and storage assets. The company is one of the largest operators of natural gas pipelines and storage facilities in North America. “
  • 7/25/2016 – Spectra Energy Partners, had its price target raised by analysts at Jefferies Group from $53.00 to $54.00. They now have a “buy” rating on the stock.

Spectra Energy Partners, LP (NYSE:SEP) traded up 0.96% during trading on Thursday, reaching $44.18. 96,886 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $45.64 and a 200 day moving average price of $46.80. Spectra Energy Partners, LP has a 1-year low of $36.21 and a 1-year high of $50.48. The stock has a market capitalization of $13.37 billion, a P/E ratio of 13.91 and a beta of 0.66.

Spectra Energy Partners, (NYSE:SEP) last posted its earnings results on Wednesday, August 3rd. The company reported $0.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by $0.10. The company had revenue of $618 million for the quarter, compared to analyst estimates of $645.60 million. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 EPS. Equities research analysts expect that Spectra Energy Partners, LP will post $3.16 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Monday, August 15th were issued a dividend of $0.6638 per share. This is a positive change from Spectra Energy Partners,’s previous quarterly dividend of $0.65. The ex-dividend date was Thursday, August 11th. This represents a $2.66 annualized dividend and a dividend yield of 6.07%.

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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