Concorde Asset Management LLC reduced its position in Spectra Energy Partners, LP (NYSE:SEP) by 3.8% during the first quarter, Holdings Channel reports. The institutional investor owned 4,988 shares of the pipeline company’s stock after selling 197 shares during the period. Concorde Asset Management LLC’s holdings in Spectra Energy Partners, were worth $218,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Energy Income Partners LLC purchased a new position in shares of Spectra Energy Partners, during the fourth quarter worth about $289,598,000. UBS Group AG boosted its position in shares of Spectra Energy Partners, by 65.7% in the third quarter. UBS Group AG now owns 1,270,053 shares of the pipeline company’s stock worth $55,488,000 after buying an additional 503,676 shares in the last quarter. Alps Advisors Inc. boosted its position in shares of Spectra Energy Partners, by 10.5% in the third quarter. Alps Advisors Inc. now owns 4,580,658 shares of the pipeline company’s stock worth $200,129,000 after buying an additional 436,429 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Spectra Energy Partners, by 920.3% in the third quarter. Ameriprise Financial Inc. now owns 189,200 shares of the pipeline company’s stock worth $8,256,000 after buying an additional 170,656 shares in the last quarter. Finally, River Road Asset Management LLC boosted its position in shares of Spectra Energy Partners, by 21.7% in the third quarter. River Road Asset Management LLC now owns 848,308 shares of the pipeline company’s stock worth $37,063,000 after buying an additional 151,190 shares in the last quarter. Institutional investors own 19.38% of the company’s stock.

Institutional Ownership by Quarter for Spectra Energy Partners, (NYSE:SEP)

Shares of Spectra Energy Partners, LP (NYSE:SEP) traded up 0.68% during midday trading on Friday, hitting $44.13. The stock had a trading volume of 469,237 shares. The stock has a market cap of $13.63 billion, a PE ratio of 15.52 and a beta of 0.66. The stock’s 50-day moving average is $43.30 and its 200-day moving average is $44.06. Spectra Energy Partners, LP has a 12 month low of $40.19 and a 12 month high of $50.43.

Spectra Energy Partners, (NYSE:SEP) last issued its quarterly earnings results on Friday, February 17th. The pipeline company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by $0.01. The company earned $663 million during the quarter, compared to analysts’ expectations of $692.08 million. Spectra Energy Partners, had a return on equity of 10.00% and a net margin of 46.49%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. Equities analysts anticipate that Spectra Energy Partners, LP will post $3.34 EPS for the current year.

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A number of equities analysts recently issued reports on SEP shares. Morgan Stanley reiterated an “underweight” rating and issued a $46.00 target price on shares of Spectra Energy Partners, in a report on Saturday, March 25th. Royal Bank of Canada cut their target price on Spectra Energy Partners, from $58.00 to $56.00 and set an “outperform” rating on the stock in a report on Monday, January 23rd. Zacks Investment Research upgraded Spectra Energy Partners, from a “sell” rating to a “hold” rating in a report on Tuesday, January 17th. Credit Suisse Group AG reissued an “outperform” rating and issued a $52.00 price target on shares of Spectra Energy Partners, in a research report on Friday, April 7th. Finally, Citigroup Inc reissued a “neutral” rating on shares of Spectra Energy Partners, in a research report on Wednesday, January 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. Spectra Energy Partners, currently has a consensus rating of “Hold” and an average price target of $52.33.

Spectra Energy Partners, Company Profile

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

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