Spectra Energy Corp.’s (SE) ended its day with a gain of 2.24% and finalized at the price of $41.92.
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Several other research analysts have also issued reports on the stock.
Cincinnati Casualty Co holds 11.76% of its portfolio in Spectra Energy Corp. for 314,450 shares.
Zacks Investment Research ranks Spectra Energy Corp (SE) as 3, which is a Hold recommendation.
The merged company brings a low-risk commercial structure with stable long-term cash flow, as 96% of pro-forma free cash flow is underpinned by long-term commercial agreements (cost-of-service, take-or-pay, of fixed fee); 93% of customers are investment grade or equivalent counterparties; and less than 5% of combined pro-forma cash flow will have direct exposure to commodity price risk. The stock is now offering a return on equity of 4.10% while the return on assets is at 0.90% and the return on investment is at 6.00%. The firm has a 50-day moving average price of $47.13 and a 200-day moving average price of $47.08. That puts the market capitalization at $8.45 bln.
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Spectra Energy Partners, (NYSE:SEP) last announced its quarterly earnings data on Wednesday, August 3rd. The EPS consensus range is $0.77-$1.12 on revenue between $634M and $734M.
These analysts also forecasted Growth Estimates for the Current Quarter for SE to be 21.7%.
Price Momentum: Despite the 2.24% rise in value, the stock’s new closing price reflects a -0.97% fall in price from company’s one year high of $42.33. A year ago the company’s sales were $1.1B.
Spectra Energy Corp (NYSE:SE) reported earning per shares for the quarter ending Aug 03 BMO at 0.24, whereas, 10 number of analysts estimated the mean EPS at 0.28. This represents a $2.66 dividend on an annualized basis and a dividend yield of 5.92%.
Several hedge funds recently added to or reduced their stakes in SEP.
US based company, Spectra Energy Corp.’s (SE)’s latest closing price distance was 39.29% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 16.23% and 15.65% compared with the 20 Day Moving Average.
While increased trading for short periods will not mean much will not mean much, however, a trend of heavy trading volume on the buy side over a period of days or weeks sends a positive signal to market traders that institutions may be moving in, so institutional sponsorship is very important. Brookfield Asset Management Inc. acquired a new position in shares of Spectra Energy Partners, during the first quarter worth about $350,000. The company’s revenue was up 2.5% compared to the same quarter previous year. The performance this quarter is at 24.55% while the weekly performance is at 14.75%.
Many Wall Street Analysts have commented on Spectra Energy Partners LP.
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The combined company brings together numerous highest quality energy infrastructure assets in North America: liquids and gas pipelines; USA and Canadian midstream businesses; a regulated utility portfolio; and a growing renewable power generation business.
