Spectra Energy Partners Lpunits Represent (NYSE:SEP) Stock Is Shorted More

July 12, 2018 - By Robert Crowder

Spectra Energy Partners, LP (NYSE:SEP) Logo

Investors sentiment increased to 1.25 in 2018 Q1. Its up 0.43, from 0.82 in 2017Q4. It improved, as 25 investors sold Spectra Energy Partners, LP shares while 52 reduced holdings. 27 funds opened positions while 69 raised stakes. 65.01 million shares or 2.30% less from 66.54 million shares in 2017Q4 were reported.
Archford Capital Strategies Limited Liability holds 0.01% of its portfolio in Spectra Energy Partners, LP (NYSE:SEP) for 583 shares. First Republic Inc has invested 0.04% in Spectra Energy Partners, LP (NYSE:SEP). Goldman Sachs Group Inc Inc stated it has 436,894 shares. Clinton Gp accumulated 98,550 shares or 0.36% of the stock. Hemenway Tru Llc has invested 0.38% in Spectra Energy Partners, LP (NYSE:SEP). Mai Capital holds 0.08% of its portfolio in Spectra Energy Partners, LP (NYSE:SEP) for 41,280 shares. 5.26M are held by Income Ptnrs Limited Liability Co. Synovus Corp invested in 0% or 100 shares. River Road Asset Ltd Liability has invested 0.64% in Spectra Energy Partners, LP (NYSE:SEP). Highstreet Asset Management Inc invested 0% in Spectra Energy Partners, LP (NYSE:SEP). Citadel Advisors Ltd invested in 0% or 84,881 shares. Moreover, Raymond James Financial Services Advsr Inc has 0.01% invested in Spectra Energy Partners, LP (NYSE:SEP) for 70,539 shares. Albert D Mason Inc accumulated 0.61% or 24,270 shares. Carroll Financial Assoc holds 0.01% or 1,457 shares in its portfolio. Eventide Asset Mngmt Lc stated it has 0.09% of its portfolio in Spectra Energy Partners, LP (NYSE:SEP).

The stock of Spectra Energy Partners Lpunits Represent (NYSE:SEP) registered an increase of 30.43% in short interest. SEP’s total short interest was 3.18 million shares in July as published by FINRA. Its up 30.43% from 2.44M shares, reported previously. With 435,900 shares average volume, it will take short sellers 7 days to cover their SEP’s short positions. The short interest to Spectra Energy Partners Lpunits Represent’s float is 3.58%.

The stock increased 0.38% or $0.135 during the last trading session, reaching $35.255. About 112,297 shares traded. Spectra Energy Partners, LP (NYSE:SEP) has declined 30.59% since July 12, 2017 and is downtrending. It has underperformed by 43.16% the S&P500.

Spectra Energy Partners, LP operates as an investment arm of Spectra Energy Corp. The company has market cap of $17.10 billion. Spectra Energy Partners, LP, through its subsidiaries, engages in the transportation of natural gas through interstate pipeline systems, and the storage of natural gas in underground facilities in the United States. It has a 45.55 P/E ratio. As of December 31, 2007, it owned and operated 100% of the approximately 1,400-mile East Tennessee interstate natural gas transportation system that extends from central Tennessee eastward into southwest Virginia and northern North Carolina, and southward into northern Georgia; and a liquefied natural gas storage facility in Kingsport, Tennessee with working gas storage capacity of approximately 1.1 billion cubic feet and re-gasification capability of 150 million cubic feet per day.

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

Among 13 analysts covering Spectra Energy Partners (NYSE:SEP), 2 have Buy rating, 2 Sell and 9 Hold. Therefore 15% are positive. Spectra Energy Partners had 22 analyst reports since January 16, 2018 according to SRatingsIntel. The firm has “Neutral” rating given on Friday, April 13 by JP Morgan. The stock of Spectra Energy Partners, LP (NYSE:SEP) earned “Buy” rating by RBC Capital Markets on Tuesday, January 16. The stock of Spectra Energy Partners, LP (NYSE:SEP) earned “Buy” rating by RBC Capital Markets on Monday, January 22. The firm has “Buy” rating given on Thursday, February 22 by Stifel Nicolaus. Barclays Capital maintained Spectra Energy Partners, LP (NYSE:SEP) rating on Tuesday, April 17. Barclays Capital has “Equal-Weight” rating and $37 target. Morgan Stanley maintained Spectra Energy Partners, LP (NYSE:SEP) on Friday, June 8 with “Underweight” rating. On Friday, March 9 the stock rating was maintained by Morgan Stanley with “Underweight”. The stock has “Hold” rating by Wells Fargo on Thursday, March 22. As per Wednesday, July 11, the company rating was maintained by Barclays Capital. As per Wednesday, April 11, the company rating was maintained by Mizuho.

More recent Spectra Energy Partners, LP (NYSE:SEP) news were published by: Nasdaq.com which released: “Mid-Afternoon Market Update: Echelon Climbs On Acquisition News; InspireMD Shares Slide” on June 29, 2018. Also Fool.com published the news titled: “Better Buy: Magellan Midstream Partners LP vs. Spectra Energy Partners” on July 06, 2018. Bizjournals.com‘s news article titled: “Cheniere Energy to acquire remainder of MLP holding company” with publication date: June 19, 2018 was also an interesting one.

Spectra Energy Partners, LP (NYSE:SEP) Institutional Positions Chart

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