Teachers Advisors LLC raised its position in Spectra Energy Corp. (NYSE:SE) by 4.9% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,146,156 shares of the pipeline company’s stock after buying an additional 53,780 shares during the period. Teachers Advisors LLC’s holdings in Spectra Energy Corp. were worth $47,096,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in SE. Ffcm LLC acquired a new position in Spectra Energy Corp. during the fourth quarter worth $106,000. Mascoma Wealth Management LLC purchased a new position in shares of Spectra Energy Corp. during the fourth quarter worth approximately $111,000. Exane Derivatives boosted its position in shares of Spectra Energy Corp. by 43.2% in the third quarter. Exane Derivatives now owns 2,647 shares of the pipeline company’s stock worth $113,000 after buying an additional 798 shares during the last quarter. Cornerstone Advisors Inc. boosted its position in shares of Spectra Energy Corp. by 279.8% in the third quarter. Cornerstone Advisors Inc. now owns 2,746 shares of the pipeline company’s stock worth $117,000 after buying an additional 2,023 shares during the last quarter. Finally, Kistler Tiffany Companies LLC boosted its position in shares of Spectra Energy Corp. by 17.1% in the third quarter. Kistler Tiffany Companies LLC now owns 2,745 shares of the pipeline company’s stock worth $117,000 after buying an additional 401 shares during the last quarter. 68.67% of the stock is owned by institutional investors.
Shares of Spectra Energy Corp. (NYSE:SE) remained flat at $40.68 on Thursday. The firm has a 50 day moving average price of $40.68 and a 200-day moving average price of $41.37. Spectra Energy Corp. has a 12-month low of $29.76 and a 12-month high of $44.00.
Spectra Energy Corp. (NYSE:SE) last released its quarterly earnings results on Friday, February 17th. The pipeline company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by $0.01. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.38 billion. Spectra Energy Corp. had a net margin of 6.38% and a return on equity of 7.67%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 EPS. Equities research analysts anticipate that Spectra Energy Corp. will post $1.41 EPS for the current fiscal year.
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Separately, Zacks Investment Research cut Spectra Energy Corp. from a “buy” rating to a “hold” rating in a report on Monday, February 20th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Spectra Energy Corp. presently has a consensus rating of “Hold” and a consensus target price of $40.94.
Spectra Energy Corp. Company Profile
Spectra Energy Corp is a natural gas infrastructure company. The Company owns and operates natural gas-related energy assets and a crude oil pipeline system connecting Canadian and the United States producers to refineries. It conducts its business in four segments: Spectra Energy Partners, Distribution, Western Canada Transmission & Processing and Field Services.
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