Spectra Energy Partners, LP (NYSE:SEP) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Friday.

A number of other research firms also recently commented on SEP. Jefferies Group LLC reaffirmed a “buy” rating on shares of Spectra Energy Partners, in a research note on Thursday, May 11th. Sanford C. Bernstein assumed coverage on shares of Spectra Energy Partners, in a research report on Tuesday, May 16th. They set a “market perform” rating for the company. Wells Fargo & Company reissued an “outperform” rating and set a $51.00 target price (up previously from $50.50) on shares of Spectra Energy Partners, in a research report on Monday, May 15th. Credit Suisse Group reissued an “outperform” rating and set a $52.00 target price on shares of Spectra Energy Partners, in a research report on Friday, April 7th. Finally, ValuEngine downgraded shares of Spectra Energy Partners, from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $51.70.

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

Shares of Spectra Energy Partners, (NYSE:SEP) traded up 1.24% during midday trading on Friday, hitting $41.61. 720,712 shares of the stock were exchanged. The firm has a 50-day moving average price of $43.57 and a 200 day moving average price of $44.33. Spectra Energy Partners, has a 12-month low of $40.19 and a 12-month high of $49.45. The firm has a market cap of $12.87 billion, a PE ratio of 14.95 and a beta of 0.69.

Spectra Energy Partners, (NYSE:SEP) last posted its quarterly earnings data on Wednesday, May 10th. The pipeline company reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.10. Spectra Energy Partners, had a net margin of 45.23% and a return on equity of 9.92%. The company had revenue of $700 million during the quarter, compared to the consensus estimate of $701.45 million. The business’s quarterly revenue was up 12.2% on a year-over-year basis. Analysts predict that Spectra Energy Partners, will post $3.23 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 26th. Shareholders of record on Monday, May 15th were issued a $0.7013 dividend. This represents a $2.81 dividend on an annualized basis and a yield of 6.74%. The ex-dividend date was Thursday, May 11th. This is a boost from Spectra Energy Partners,’s previous quarterly dividend of $0.69. Spectra Energy Partners,’s dividend payout ratio is currently 100.72%.

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A number of institutional investors have recently added to or reduced their stakes in the company. Homrich & Berg boosted its position in Spectra Energy Partners, by 99.1% in the first quarter. Homrich & Berg now owns 42,911 shares of the pipeline company’s stock worth $1,873,000 after buying an additional 21,354 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its position in Spectra Energy Partners, by 2.2% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 178,302 shares of the pipeline company’s stock worth $8,173,000 after buying an additional 3,832 shares in the last quarter. Heronetta Management L.P. boosted its position in Spectra Energy Partners, by 18.6% in the first quarter. Heronetta Management L.P. now owns 142,560 shares of the pipeline company’s stock worth $6,224,000 after buying an additional 22,400 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its position in Spectra Energy Partners, by 6.2% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 17,241 shares of the pipeline company’s stock worth $753,000 after buying an additional 1,000 shares in the last quarter. Finally, United Capital Financial Advisers LLC boosted its position in Spectra Energy Partners, by 85.0% in the fourth quarter. United Capital Financial Advisers LLC now owns 24,655 shares of the pipeline company’s stock worth $1,130,000 after buying an additional 11,327 shares in the last quarter. Hedge funds and other institutional investors own 20.49% 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.

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