Morgan Stanley Reiterates “Underweight” Rating for Spectra Energy Partners, LP (SEP)

Morgan Stanley reiterated their underweight rating on shares of Spectra Energy Partners, LP (NYSE:SEP) in a report released on Saturday morning. Morgan Stanley currently has a $46.00 target price on the pipeline company’s stock.

A number of other analysts have also recently weighed in on SEP. Citigroup Inc reissued a neutral rating on shares of Spectra Energy Partners, in a report on Wednesday, January 18th. Royal Bank of Canada reissued an outperform rating and set a $56.00 price objective (down previously from $58.00) on shares of Spectra Energy Partners, in a report on Friday, January 20th. Finally, Zacks Investment Research raised shares of Spectra Energy Partners, from a sell rating to a hold rating in a report on Tuesday, January 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $52.33.

Shares of Spectra Energy Partners, (NYSE:SEP) traded up 0.68% during mid-day trading on Friday, hitting $44.13. 469,237 shares of the stock traded hands. The firm has a 50 day moving average of $43.30 and a 200 day moving average of $44.06. The stock has a market cap of $13.63 billion, a price-to-earnings ratio of 15.52 and a beta of 0.66. Spectra Energy Partners, has a 12 month low of $40.19 and a 12 month high of $50.43.

Spectra Energy Partners, (NYSE:SEP) last released its quarterly earnings data on Friday, February 17th. The pipeline company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by $0.01. Spectra Energy Partners, had a return on equity of 10.00% and a net margin of 46.49%. The company had revenue of $663 million for the quarter, compared to analyst estimates of $692.08 million. Spectra Energy Partners,’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, equities analysts expect that Spectra Energy Partners, will post $3.34 EPS for the current fiscal year.

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Several institutional investors have recently made changes to their positions in the company. Hartford Financial Management Inc. acquired a new position in shares of Spectra Energy Partners, during the third quarter worth about $109,000. CENTRAL TRUST Co raised its position in Spectra Energy Partners, by 8.8% in the third quarter. CENTRAL TRUST Co now owns 2,338 shares of the pipeline company’s stock worth $102,000 after buying an additional 189 shares during the period. California Public Employees Retirement System raised its position in Spectra Energy Partners, by 4.6% in the third quarter. California Public Employees Retirement System now owns 77,400 shares of the pipeline company’s stock worth $3,382,000 after buying an additional 3,400 shares during the period. Leavell Investment Management Inc. raised its position in Spectra Energy Partners, by 8.7% in the third quarter. Leavell Investment Management Inc. now owns 12,452 shares of the pipeline company’s stock worth $544,000 after buying an additional 1,000 shares during the period. Finally, Hamlin Capital Management LLC raised its position in Spectra Energy Partners, by 27.5% in the third quarter. Hamlin Capital Management LLC now owns 1,075,775 shares of the pipeline company’s stock worth $47,001,000 after buying an additional 232,165 shares during the period. Institutional investors and hedge funds own 19.38% 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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