The US Capital Advisors Brokers Boost Earnings Estimates for Spectra Egy Ptr (SEP)

The US Capital Advisors Brokers Boost Earnings Estimates for Spectra Egy Ptr (SEP)

Spectra Egy Ptr (NYSE:SEP) – Analysts at US Capital Advisors raised their Q4 2016 earnings per share (EPS) estimates for Spectra Egy Ptr in a research note issued to investors on Wednesday. US Capital Advisors analyst B. Followill now forecasts that the brokerage will post earnings per share of $0.79 for the quarter, up from their prior estimate of $0.78. US Capital Advisors currently has a “Buy” rating on the stock. US Capital Advisors also issued estimates for Spectra Egy Ptr’s Q1 2017 earnings at $0.93 EPS, Q2 2017 earnings at $0.74 EPS, Q3 2017 earnings at $0.74 EPS, Q4 2017 earnings at $0.83 EPS, FY2017 earnings at $3.24 EPS and FY2018 earnings at $3.24 EPS.

Several other analysts have also recently commented on the stock. RBC Capital Markets reiterated a “buy” rating on shares of Spectra Egy Ptr in a research note on Friday. Citigroup Inc. restated a “neutral” rating on shares of Spectra Egy Ptr in a report on Wednesday, January 18th. Zacks Investment Research upgraded shares of Spectra Egy Ptr from a “sell” rating to a “hold” rating in a report on Tuesday, January 17th. Finally, Wolfe Research initiated coverage on shares of Spectra Egy Ptr in a report on Friday, October 7th. They set a “hold” rating and a $44.00 target price for the company. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $53.00.

Spectra Egy Ptr (NYSE:SEP) opened at 45.37 on Monday. Spectra Egy Ptr has a one year low of $39.53 and a one year high of $50.48. The firm has a market capitalization of $13.88 billion, a price-to-earnings ratio of 15.34 and a beta of 0.65. The stock has a 50 day moving average of $45.13 and a 200 day moving average of $44.96.

Spectra Egy Ptr (NYSE:SEP) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.80 by $0.04. Spectra Egy Ptr had a return on equity of 10.00% and a net margin of 46.49%. The company earned $628 million during the quarter, compared to analyst estimates of $665.42 million. The business’s quarterly revenue was up 2.6% on a year-over-year basis.

A number of hedge funds and other institutional investors have recently made changes to their positions in SEP. Pointe Capital Management LLC boosted its position in shares of Spectra Egy Ptr by 0.3% in the third quarter. Pointe Capital Management LLC now owns 6,603 shares of the company’s stock worth $288,000 after buying an additional 21 shares during the period. CENTRAL TRUST Co boosted its position in shares of Spectra Egy Ptr by 8.8% in the third quarter. CENTRAL TRUST Co now owns 2,338 shares of the company’s stock worth $102,000 after buying an additional 189 shares during the period. Curbstone Financial Management Corp boosted its position in shares of Spectra Egy Ptr by 1.6% in the third quarter. Curbstone Financial Management Corp now owns 12,750 shares of the company’s stock worth $557,000 after buying an additional 200 shares during the period. Alliancebernstein L.P. boosted its position in shares of Spectra Egy Ptr by 2.4% in the second quarter. Alliancebernstein L.P. now owns 9,650 shares of the company’s stock worth $455,000 after buying an additional 228 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of Spectra Egy Ptr by 1.3% in the second quarter. Van ECK Associates Corp now owns 20,977 shares of the company’s stock worth $990,000 after buying an additional 278 shares during the period. 18.97% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Gregory L. Ebel bought 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 17th. The shares were acquired at an average cost of $41.58 per share, with a total value of $332,640.00. Following the completion of the transaction, the chief executive officer now owns 22,295 shares of the company’s stock, valued at $927,026.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gregory L. Ebel bought 8,529 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The stock was bought at an average cost of $41.67 per share, for a total transaction of $355,403.43. Following the completion of the transaction, the chief executive officer now directly owns 12,895 shares of the company’s stock, valued at approximately $537,334.65. The disclosure for this purchase can be found here. Insiders purchased 19,029 shares of company stock worth $793,718 over the last three months.

Spectra Egy Ptr 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 (NGLs). The Company’s segments include U.S. Transmission, Liquids and Other.

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