Dividend Worth Watching: Spectra Energy Partners, LP (NYSE:SEP) will be paying shareholders dividends of $0.68 on Nov 29, 2016.

Dividend Worth Watching: Spectra Energy Partners, LP (NYSE:SEP) will be paying shareholders dividends of $0.68 on Nov 29, 2016.

Spectra Energy Partners, LP (NYSE:SEP) is expected to pay $0.68 on Nov 29, 2016. The indicated annual dividend is $2.71. Shareholders owning the stock before Nov 9, 2016 will be eligible to receive the payout. Based on Spectra Energy Partners, LP’s current price of $41.52, the dividend is 1.63%. This dividend’s record date is Nov 14, 2016 and the announcement date is Nov 3, 2016. The stock increased 0.10% or $0.04 during the last trading session, hitting $41.52. Spectra Energy Partners, LP (NYSE:SEP) has declined 10.60% since April 5, 2016 and is downtrending. It has underperformed by 12.56% the S&P500.

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 . The company has a market cap of $12.37 billion. The Company’s divisions include U.S. It has a 13.08 P/E ratio. Transmission, Liquids and Other.

Insitutional Activity: The institutional sentiment decreased to 1.4 in 2016 Q2. Its down 0.55, from 1.95 in 2016Q1. The ratio dived, as 18 funds sold all Spectra Energy Partners, LP shares owned while 64 reduced positions. 37 funds bought stakes while 78 increased positions. They now own 56.10 million shares or 8.45% more from 51.73 million shares in 2016Q1.
Moreover, Country Club Co Na has 0.07% invested in Spectra Energy Partners, LP (NYSE:SEP) for 10,129 shares. Dean Investment Ltd Liability Corporation has 0.18% invested in the company for 19,234 shares. Nuveen Asset Ltd Llc holds 14,533 shares or 0% of its portfolio. Concorde Asset Management Ltd last reported 0.3% of its portfolio in the stock. Salient Advsrs Limited holds 0.02% of its portfolio in Spectra Energy Partners, LP (NYSE:SEP) for 18,587 shares. Loudon Mgmt Ltd Liability Company owns 7,072 shares or 0.21% of their US portfolio. Brookfield Asset Mngmt has 0% invested in the company for 6,080 shares. Amer National Company Tx holds 0.06% or 20,150 shares in its portfolio. Clearbridge Investments Lc holds 0.01% of its portfolio in Spectra Energy Partners, LP (NYSE:SEP) for 233,215 shares. Wells Fargo & Company Mn holds 0% of its portfolio in Spectra Energy Partners, LP (NYSE:SEP) for 271,224 shares. Tiedemann Wealth Management Ltd Liability Corporation holds 2.11% or 46,493 shares in its portfolio. Barclays Public Limited Co has invested 0.01% of its portfolio in Spectra Energy Partners, LP (NYSE:SEP). Susquehanna Interest Grp Limited Liability Partnership owns 5,400 shares or 0% of their US portfolio. The Tennessee-based Green Square Capital Limited Liability Com has invested 1.06% in Spectra Energy Partners, LP (NYSE:SEP). The Ontario – Canada-based Agf Investments Inc has invested 0% in Spectra Energy Partners, LP (NYSE:SEP).

Insider Transactions: Since November 4, 2016, the stock had 1 buying transaction, and 0 insider sales for $355,444 net activity. EBEL GREGORY L bought $355,444 worth of stock or 8,529 shares.

Spectra Energy Partners, LP (NYSE:SEP) Ratings Coverage

Out of 14 analysts covering Spectra Energy Partners LP (NYSE:SEP), 8 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 57% are positive. Spectra Energy Partners LP has been the topic of 20 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Equal-Weight” rating given on Wednesday, January 20 by Morgan Stanley. RBC Capital Markets upgraded the stock to “Outperform” rating in Monday, January 18 report. The stock has “Outperform” rating given by Wells Fargo on Friday, January 15. Mitsubishi UFJ initiated the stock with “Neutral” rating in Friday, July 22 report. The rating was upgraded by Barclays Capital to “Overweight” on Monday, January 11. Stifel Nicolaus initiated it with “Buy” rating and $50 target price in Tuesday, May 31 report. The rating was upgraded by Credit Suisse on Tuesday, October 13 to “Outperform”. The stock of Spectra Energy Partners, LP (NYSE:SEP) has “Market Perform” rating given on Wednesday, May 11 by Bernstein. The firm has “Overweight” rating by JP Morgan given on Thursday, August 13. The stock has “Buy” rating given by DA Davidson on Thursday, July 23.

More recent Spectra Energy Partners, LP (NYSE:SEP) news were published by: Gurufocus.com which released: “Spectra Energy Partners Lp (SEP) President & CEO Gregory L Ebel Bought $’55,4 …” on November 07, 2016. Also Fool.com published the news titled: “Better Buy: Magellan Midstream Partners LP vs. Spectra Energy Partners” on September 26, 2016. Finance.Yahoo.com‘s news article titled: “Spectra Energy Partners Reports Third Quarter 2016 Results” with publication date: November 02, 2016 was also an interesting one.

SEP Company Profile

Spectra Energy Partners, L.P., incorporated on March 19, 2007, 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 divisions include U.S. Transmission, Liquids and Other. The Firm has over 15,000 miles of transmission and transportation pipelines, and the storage of natural gas in underground facilities with aggregate working gas storage capacity of approximately 170 billion cubic feet (Bcf) in the United States and Canada. The Firm owns and operates natural gas transmission, gathering and storage assets, and crude oil transportation and storage assets, in central, southern and eastern United States, as well as western Canada.

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