Spectra Energy Corp.’s Trend Up, Especially After This Options Activity

 Spectra Energy Corp.'s Trend Up, Especially After This Options Activity

In today’s session Spectra Energy Corp. (SE) registered an unusually high (681) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious SE increase. With 681 contracts traded and 2404 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: SE161118C00043000 closed last at: $1.35 or 3.6% down. About 1.19 million shares traded hands. Spectra Energy Corp. (NYSE:SE) has risen 40.03% since March 2, 2016 and is uptrending. It has outperformed by 31.77% the S&P500.

Analysts await Spectra Energy Corp. (NYSE:SE) to report earnings on November, 2. They expect $0.24 EPS, up 4.35% or $0.01 from last year’s $0.23 per share. SE’s profit will be $165.84M for 43.93 P/E if the $0.24 EPS becomes a reality. After $0.24 actual EPS reported by Spectra Energy Corp. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Spectra Energy Corp. (NYSE:SE) Ratings Coverage

Out of 12 analysts covering Spectra Energy Corp. (NYSE:SE), 3 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 25% are positive. $44 is the highest target while $26 is the lowest. The $35.50 average target is -15.82% below today’s ($42.17) stock price. Spectra Energy Corp. has been the topic of 22 analyst reports since August 6, 2015 according to StockzIntelligence Inc. On Monday, January 4 the stock rating was upgraded by Raymond James to “Strong Buy”. The rating was downgraded by Goldman Sachs to “Neutral” on Thursday, September 8. The stock of Spectra Energy Corp. (NYSE:SE) has “Hold” rating given on Wednesday, June 8 by Jefferies. The rating was initiated by RBC Capital Markets with “Outperform” on Monday, June 27. The rating was upgraded by Goldman Sachs to “Buy” on Friday, September 11. The stock of Spectra Energy Corp. (NYSE:SE) earned “Neutral” rating by UBS on Monday, September 12. The company was downgraded on Wednesday, September 7 by Raymond James. Simmons & Co downgraded Spectra Energy Corp. (NYSE:SE) on Wednesday, September 7 to “Neutral” rating. The firm has “Sector Perform” rating by Howard Weil given on Thursday, August 6. The firm has “Outperform” rating given on Thursday, September 10 by Raymond James.

According to Zacks Investment Research, “SPECTRA ENERGY CORP is one of North America’s premier natural gas infrastructure companies serving three key links in the natural gas value chain: gathering and processing, transmission and storage, and distribution. For close to a century, Spectra Energy and its predecessor companies have developed critically important pipelines and related infrastructure connecting natural gas supply sources to premium markets.”

Insitutional Activity: The institutional sentiment increased to 1.49 in 2016 Q2. Its up 0.26, from 1.23 in 2016Q1. The ratio is positive, as 55 funds sold all Spectra Energy Corp. shares owned while 198 reduced positions. 76 funds bought stakes while 300 increased positions. They now own 468.27 million shares or 0.21% less from 469.25 million shares in 2016Q1.
Torray Limited has invested 0.05% of its portfolio in Spectra Energy Corp. (NYSE:SE). Sei Investments Company accumulated 150,695 shares or 0.03% of the stock. Arcadia Inv Mngmt Corporation Mi has invested 0.01% of its portfolio in Spectra Energy Corp. (NYSE:SE). Douglass Winthrop Ltd Liability Co holds 0.02% or 7,657 shares in its portfolio. Mitchell Mcleod Pugh Williams has invested 0.83% of its portfolio in Spectra Energy Corp. (NYSE:SE). The California-based Blackrock Institutional Trust Communications Na has invested 0.11% in Spectra Energy Corp. (NYSE:SE). Hudock Limited Liability Corp owns 6,102 shares or 0.12% of their US portfolio. First Wilshire Mgmt owns 14,225 shares or 0.17% of their US portfolio. Focused Wealth last reported 362 shares in the company. Cg Asset Mgmt Ltd Limited Liability Company accumulated 6,892 shares or 0.1% of the stock. Cincinnati Casualty has invested 11.76% of its portfolio in Spectra Energy Corp. (NYSE:SE). Keybank Natl Association Oh holds 0.04% of its portfolio in Spectra Energy Corp. (NYSE:SE) for 161,978 shares. Nj State Employees Deferred Compensation Plan has 0.17% invested in the company for 22,100 shares. The Japan-based Nomura Asset Mngmt has invested 0.14% in Spectra Energy Corp. (NYSE:SE). Chemung Canal Trust has invested 1.11% of its portfolio in Spectra Energy Corp. (NYSE:SE).

Spectra Energy Corp is a natural gas infrastructure company. The company has a market cap of $29.14 billion. The Firm owns and operates natural gas-related energy assets and a crude oil pipeline system connecting Canadian and the United States producers to refineries. It has a 98.94 P/E ratio. It conducts its business in four divisions: Spectra Energy Partners, Distribution, Western Canada Transmission & Processing and Field Services.

SE Company Profile

Spectra Energy Corp, incorporated on July 28, 2006, is a natural gas infrastructure company. The Firm owns and operates natural gas-related energy assets and a crude oil pipeline system that connects Canadian and the United States producers to refineries in the United States Rocky Mountain and Midwest regions. The Firm operates in over three areas of the natural gas industry: gathering and processing, transmission and storage, and distribution. The Firm conducts its business in four divisions: Spectra Energy Partners, Distribution, Western Canada Transmission & Processing and Field Services.

More notable recent Spectra Energy Corp. (NYSE:SE) news were published by: Wsj.com which released: “Enbridge to Buy Spectra Energy in $28 Billion Deal” on September 06, 2016, also Prnewswire.com with their article: “SPECTRA ENERGY SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the …” published on September 09, 2016, Benzinga.com published: “Spectra Energy Merger With Enbridge Seen Favorably By Argus” on September 26, 2016. More interesting news about Spectra Energy Corp. (NYSE:SE) were released by: Natlawreview.com and their article: “Upcoming/New Filing: Enbridge Inc. and Spectra Energy Corp.” published on September 15, 2016 as well as Prnewswire.com‘s news article titled: “Spectra Energy Corp. Acquisition May Not Be in the Best Interests of SE …” with publication date: September 09, 2016.

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