Spectra Energy Partners, LP Company Profile (NYSE:SEP)

About Spectra Energy Partners, LP (NYSE:SEP)

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. Transmission business provides transmission, storage, and gathering of natural gas for customers in various regions of the northeastern and southeastern United States. The Liquids business provides transportation and storage of crude oil for customers in the central United States and Canada. As of December 31, 2016, it had 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 in the United States and Canada. It owns and operates natural gas transmission, gathering and storage assets, and crude oil transportation and storage assets.

Industry, Sector and Symbol:

Sector: Oils/Energy
Industry: Oil & Gas Pipelines
Sub-Industry: N/A
Symbol: NYSE:SEP
CUSIP: N/A
Web: www.spectraenergypartners.com

Capitalization:

Market Cap: $13.73 billion
Outstanding Shares: 309,242,000

Average Prices:

50 Day Moving Avg: $44.21
200 Day Moving Avg: $44.28
52 Week Range: $40.19 - $49.45

P/E:

Trailing P/E Ratio: 15.98
Foreward P/E Ratio: 13.58
P/E Growth: 2.91

Sales & Book Value:

Annual Revenue: $2.61 billion
Price / Sales: 5.26
Book Value: $37.70 per share
Price / Book: 1.18

Dividend:

Annual Dividend: $2.70
Dividend Yield: 6.4%

Profitability:

EBIDTA: $1.56 billion
Net Margins: 46.49%
Return on Equity: 10.00%
Return on Assets: 6.12%

Debt:

Debt-to-Equity Ratio: 0.42%
Current Ratio: 0.34%
Quick Ratio: 0.32%

Misc:

Average Volume: 385,118 shs.
Beta: 0.66
Short Ratio: 5.59

Frequently Asked Questions for Spectra Energy Partners, LP (NYSE:SEP)

What is Spectra Energy Partners, LP's stock symbol?

Spectra Energy Partners, LP trades on the New York Stock Exchange (NYSE) under the ticker symbol "SEP."

How often does Spectra Energy Partners, LP pay dividends? What is the dividend yield for Spectra Energy Partners, LP?

Spectra Energy Partners, LP declared a quarterly dividend on Thursday, May 4th. Shareholders of record on Monday, May 15th will be paid a dividend of $0.7013 per share on Friday, May 26th. This represents a $2.81 dividend on an annualized basis and a dividend yield of 6.32%. The ex-dividend date of this dividend is Thursday, May 11th. This is an increase from Spectra Energy Partners, LP's previous quarterly dividend of $0.69. View Spectra Energy Partners, LP's Dividend History.

How were Spectra Energy Partners, LP's earnings last quarter?

Spectra Energy Partners, LP (NYSE:SEP) posted its quarterly earnings data on Wednesday, May, 10th. The company reported $0.89 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.79 by $0.10. The company earned $700 million during the quarter, compared to the consensus estimate of $701.45 million. Spectra Energy Partners, LP had a return on equity of 10.00% and a net margin of 46.49%. The business's quarterly revenue was up 12.2% compared to the same quarter last year. View Spectra Energy Partners, LP's Earnings History.

Where is Spectra Energy Partners, LP's stock going? Where will Spectra Energy Partners, LP's stock price be in 2017?

17 brokerages have issued twelve-month price targets for Spectra Energy Partners, LP's shares. Their forecasts range from $44.00 to $58.00. On average, they anticipate Spectra Energy Partners, LP's stock price to reach $52.27 in the next twelve months. View Analyst Ratings for Spectra Energy Partners, LP.

Who are some of Spectra Energy Partners, LP's key competitors?

Some companies that are related to Spectra Energy Partners, LP include Williams Companies (WMB), Plains All American Pipeline, L.P. (PAA), Energy Transfer Equity LP (ETE), Magellan Midstream Partners, L.P. (MMP), Oneok Partners LP (OKS), Mplx Lp (MPLX), Pembina Pipeline Corp (PBA), Energy Transfer Partners LP (ETP), Targa Resources Corp (TRGP), Western Gas Equity Partners LP (WGP), Buckeye Partners, L.P. (BPL), Markwest Energy Partners LP (MWE), Western Gas Partners, LP (WES), Enable Midstream Partners LP (ENBL), Antero Midstream Partners LP (AM), Enbridge Energy Partners, L.P. (EEP), EQT Midstream Partners LP (EQM) and Shell Midstream Partners LP (SHLX).

Who owns Spectra Energy Partners, LP stock?

Spectra Energy Partners, LP's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include ENBRIDGE INC (75.10%), Center Coast Capital Advisors LP (1.61%), American Century Companies Inc. (1.20%), Kayne Anderson Capital Advisors LP (1.07%), OppenheimerFunds Inc. (0.82%) and Neuberger Berman Group LLC (0.65%). Company insiders that own Spectra Energy Partners, LP stock include Gregory L Ebel and J D Woodward. View Institutional Ownership Trends for Spectra Energy Partners, LP.

Who sold Spectra Energy Partners, LP stock? Who is selling Spectra Energy Partners, LP stock?

Spectra Energy Partners, LP's stock was sold by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, Bank of Montreal Can, Credit Suisse AG, Beach Investment Counsel Inc. PA, Sei Investments Co., Uniplan Investment Counsel Inc., River Road Asset Management LLC and Schroder Investment Management Group. View Insider Buying and Selling for Spectra Energy Partners, LP.

Who bought Spectra Energy Partners, LP stock? Who is buying Spectra Energy Partners, LP stock?

Spectra Energy Partners, LP's stock was purchased by a variety of institutional investors in the last quarter, including UBS Group AG, Center Coast Capital Advisors LP, OppenheimerFunds Inc., Kayne Anderson Capital Advisors LP, Westwood Holdings Group Inc., Goldman Sachs Group Inc., Hamlin Capital Management LLC and Renaissance Technologies LLC. Company insiders that have bought Spectra Energy Partners, LP stock in the last two years include Gregory L Ebel and J D Woodward. View Insider Buying and Selling for Spectra Energy Partners, LP.

How do I buy Spectra Energy Partners, LP stock?

Shares of Spectra Energy Partners, LP can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Spectra Energy Partners, LP stock cost?

One share of Spectra Energy Partners, LP stock can currently be purchased for approximately $44.41.

Consensus Ratings for Spectra Energy Partners, LP (NYSE:SEP) (?)

Ratings Breakdown:	1 Sell Rating, 6 Hold Ratings, 10 Buy Ratings
Consensus Rating:	Buy (Score: 2.53)
Consensus Price Target:	$52.27 (17.70% upside)

Analysts' Ratings History for Spectra Energy Partners, LP (NYSE:SEP)

Show:

Date	Firm	Action	Rating	Price Target	Impact on Share Price
5/16/2017	Sanford C. Bernstein	Initiated Coverage	Market Perform		Low
5/15/2017	Wells Fargo & Co	Reiterated Rating	Outperform	$50.50 -> $51.00	Low
5/11/2017	Jefferies Group LLC	Reiterated Rating	Buy		Low
4/7/2017	Credit Suisse Group AG	Reiterated Rating	Outperform	$52.00	Low
3/25/2017	Morgan Stanley	Reiterated Rating	Underweight	$46.00	Low
1/23/2017	Royal Bank of Canada	Lower Price Target	Outperform	$58.00 -> $56.00	N/A
1/18/2017	Citigroup Inc	Reiterated Rating	Neutral		N/A
11/18/2016	US Capital Advisors	Upgrade	Hold -> Buy		N/A
10/7/2016	Wolfe Research	Initiated Coverage	Hold	$44.00	N/A
9/9/2016	DA Davidson	Reiterated Rating	Buy		N/A
9/7/2016	Tudor Pickering	Upgrade	Hold -> Buy		N/A
9/7/2016	Simmons	Downgrade	Overweight -> Neutral	$60.00 -> $51.00	N/A
9/7/2016	Piper Jaffray Companies	Downgrade	Overweight -> Neutral		N/A
8/4/2016	Stifel Nicolaus	Boost Price Target	Buy	$50.00 -> $55.00	N/A
7/21/2016	Mitsubishi UFJ Financial Group	Initiated Coverage	Neutral	$55.00	N/A
7/7/2016	BMO Capital Markets	Reiterated Rating	Buy	$53.00	N/A
5/29/2016	JPMorgan Chase & Co.	Reiterated Rating	Buy		N/A
4/13/2016	Barclays PLC	Initiated Coverage	Overweight	$54.00	N/A
2/8/2016	Deutsche Bank AG	Initiated Coverage	Buy	$54.00	N/A

(Data available from 5/24/2015 forward)

Earnings History for Spectra Energy Partners, LP (NYSE:SEP)

Earnings by Quarter for Spectra Energy Partners, LP (NYSE:SEP)

Earnings History by Quarter for Spectra Energy Partners, LP (NYSE:SEP)

Date	Quarter	Consensus Estimate	Actual EPS	Revenue Estimate	Actual Revenue	Release Link	Conference Call
5/10/2017	Q1 2017	$0.79	$0.89	$701.45 million	$700.00 million	View	N/A
2/17/2017	Q4 2016	$0.82	$0.81	$692.08 million	$663.00 million	View	N/A
11/2/2016	Q315	$0.80	$0.76	$665.42 million	$628.00 million	View	Listen
5/4/2016	Q115	$0.87	$1.05	$654.30 million	$624.00 million	View	Listen
11/4/2015	Q3	$0.74	$0.85	$618.88 million	$612.00 million	View	N/A
8/5/2015	Q2	$0.68	$1.04	$610.29 million	$603.00 million	View	N/A
5/6/2015		$0.79	$1.02	$615.84 million	$606.00 million	View	Listen
2/4/2015	Q414	$0.66	$0.47	$608.72 million	$599.00 million	View	N/A
11/5/2014	Q314	$0.59	$0.75	$554.12 million	$558.00 million	View	N/A
8/6/2014	Q114	$0.61	$0.59	$560.12 million	$531.00 million	View	Listen
5/7/2014	Q1	$0.67	$0.55	$594.18 million	$581.00 million	View	N/A
2/4/2014	Q413	$0.49	$0.40	$470.74 million	$520.00 million	View	N/A
11/4/2013	Q313	$0.38	$0.42	$63.51 million	$133.10 million	View	N/A
8/6/2013	Q2 2013	$0.37	$0.36	$58.35 million	$56.90 million	View	N/A
5/3/2013	Q1 2013	$0.42	$0.48	$60.33 million	$72.90 million	View	Listen
2/5/2013	Q4 2012	$0.37	$0.40	$60.62 million	$59.00 million	View	Listen
11/1/2012		$0.40	$0.49			View	N/A
8/2/2012		$0.39	$0.42			View	N/A
5/4/2012		$0.46	$0.48			View	N/A
2/3/2012		$0.39	$0.38			View	N/A
11/4/2011		$0.40	$0.47			View	N/A
8/4/2011		$0.39	$0.36			View	N/A
5/4/2011		$0.46	$0.50			View	N/A
2/4/2011		$0.41	$0.41			View	N/A

(Data available from 1/1/2011 forward)

Earnings Estimates for Spectra Energy Partners, LP (NYSE:SEP)

2017 EPS Consensus Estimate: $3.25
2018 EPS Consensus Estimate: $3.52

Quarter	Number of Estimates	Low Estimate	High Estimate	Average Estimate
Q1 2017	3	$0.73	$0.92	$0.83
Q2 2017	3	$0.75	$0.86	$0.80
Q3 2017	3	$0.72	$0.90	$0.79
Q4 2017	3	$0.77	$0.90	$0.83
Q1 2018	2	$0.97	$0.98	$0.98
Q2 2018	2	$0.78	$0.88	$0.83
Q3 2018	2	$0.75	$0.92	$0.84
Q4 2018	2	$0.84	$0.92	$0.88

(Data provided by Zacks Investment Research)

Current Dividend Information for Spectra Energy Partners, LP (NYSE:SEP)

Next Dividend:	5/26/2017
Annual Dividend:	$2.70
Dividend Yield:	6.08%
Dividend Growth:	9.20% (3 Year Average)
Payout Ratio:	78.26% (Trailing 12 Months of Earnings) 82.57% (Based on This Year's Estimates) 82.57% (Based on Next Year's Estimates)
Track Record:	10 Years of Consecutive Dividend Growth

Dividend Payments by Quarter for Spectra Energy Partners, LP (NYSE:SEP)

Dividend History by Quarter for Spectra Energy Partners, LP (NYSE:SEP)

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date
5/4/2017	quarterly	$0.70	6.22%	5/11/2017	5/15/2017	5/26/2017
2/7/2017	quarterly	$0.69	6.08%	2/15/2017	2/17/2017	2/28/2017
11/2/2016	quarterly	$0.68	6.45%	11/9/2016	11/14/2016	11/29/2016
8/3/2016	quarterly	$0.66	5.43%	8/11/2016	8/15/2016	8/26/2016
5/4/2016	quarterly	$0.65		5/12/2016	5/16/2016	5/27/2016
2/3/2016	quarterly	$0.64	5.68%	2/10/2016	2/15/2016	2/26/2016
10/19/2015	quarterly	$0.63	5.58%	10/27/2015	10/29/2015	11/25/2015
8/5/2015	quarterly	$0.61		8/12/2015	8/14/2015	8/28/2015
5/6/2015	quarterly	$0.60	4.51%	5/13/2015	5/15/2015	5/29/2015
2/4/2015	quarterly	$0.59	4.3%	2/11/2015	2/13/2015	2/27/2015
11/5/2014	quarterly	$0.58	4.04%	11/13/2014	11/17/2014	11/26/2014
8/6/2014	quarterly	$0.57	4.31%	8/14/2014	8/18/2014	8/29/2014
5/7/2014	quarterly	$0.56	4.15%	5/15/2014	5/19/2014	5/30/2014
2/4/2014	quarterly	$0.55	5.06%	2/12/2014	2/14/2014	2/28/2014
10/17/2013	quarterly	$0.52	4.56%	10/29/2013	10/31/2013	11/14/2013
7/24/2013	quarterly	$0.51	4.49%	8/1/2013	8/5/2013	8/14/2013
4/29/2013	quarterly	$0.50	5.28%	5/7/2013	5/9/2013	5/15/2013
1/28/2013	quarterly	$0.50	5.75%	2/5/2013	2/7/2013	2/14/2013

(Data available from 1/1/2013 forward)

Insider Trading and Institutional Ownership History for Spectra Energy Partners, LP (NYSE:SEP)

Institutional Ownership Percentage: 19.38%

Institutional Ownership by Quarter for Spectra Energy Partners, LP (NYSE:SEP)

Insider Trades by Quarter for Spectra Energy Partners, LP (NYSE:SEP)

Transaction Date	Insider Name	Title	Buy/Sell	Number of Shares	Average Share Price	Total Transaction
11/17/2016	Gregory L Ebel	CEO	Buy	8,000	$41.58	$332,640.00
11/15/2016	J D Woodward	Director	Buy	2,500	$42.27	$105,675.00
11/7/2016	Gregory L Ebel	CEO	Buy	8,529	$41.67	$355,403.43
12/4/2015	J D Woodward	Director	Buy	1,500	$39.30	$58,950.00
12/2/2015	J D Woodward	Director	Buy	1,500	$40.77	$61,155.00
3/7/2013	Theopolis Holeman	Director	Buy	1,000	$38.42	$38,420.00
8/31/2012	Nora Mead Brownell	Director	Buy	1,093	$32.04	$35,019.72

(Data available from 1/1/2013 forward)

Headline Trends for Spectra Energy Partners, LP (NYSE:SEP) Latest Headlines for Spectra Energy Partners, LP (NYSE:SEP)

Source:

Date	Headline
	Spectra Energy Partners LP breached its 50 day moving average in a Bullish Manner : SEP-US : May 23, 2017 finance.yahoo.com - May 23 at 9:24 AM
	Post Earnings Coverage as Cheniere's Revenue Rocketed an Astonishing 1654%; Turns Profitable finance.yahoo.com - May 23 at 9:24 AM
	ETFs with exposure to Spectra Energy Partners LP : May 22, 2017 finance.yahoo.com - May 22 at 6:50 PM
	Spectra Energy Partners LP :SEP-US: Earnings Analysis: Q1, 2017 By the Numbers : May 19, 2017 finance.yahoo.com - May 19 at 12:45 PM
	Spectra Energy Partners, LP (SEP) Coverage Initiated by Analysts at Sanford C. Bernstein www.americanbankingnews.com - May 16 at 7:34 PM
	Spectra Energy Partners,'s (SEP) Outperform Rating Reaffirmed at Wells Fargo & Co www.americanbankingnews.com - May 15 at 7:34 PM
	Spectra Energy Partners LP breached its 50 day moving average in a Bearish Manner : SEP-US : May 12, 2017 finance.yahoo.com - May 12 at 11:44 PM
	Brokers Offer Predictions for Spectra Energy Partners, LP's Q2 2017 Earnings (SEP) www.americanbankingnews.com - May 12 at 8:35 AM
	Spectra Energy Partners LP : SEP-US: Dividend Analysis : May 15th, 2017 (record date) : By the numbers : May 11, 2017 finance.yahoo.com - May 11 at 8:13 PM
	Spectra Energy Partners, LP (SEP) Rating Reiterated by Jefferies Group LLC www.americanbankingnews.com - May 11 at 10:36 AM
	Spectra Energy Partners, LP (SEP) Issues Quarterly Earnings Results www.americanbankingnews.com - May 10 at 9:14 PM
	Enbridge Energy Partners, L.P. Reports First Quarter 2017 Results finance.yahoo.com - May 10 at 8:01 PM
	Oil Stocks to Watch for Earnings on May 10: SEP, DCP & More finance.yahoo.com - May 9 at 10:35 AM
	Spectra Energy Partners, LP (SEP) Expected to Announce Earnings of $0.82 Per Share www.americanbankingnews.com - May 5 at 8:50 AM
	BRIEF-Spectra Energy says board of general partner declared qtrly cash distribution to unitholders www.reuters.com - May 5 at 1:53 AM
	Spectra Energy Partners, LP (SEP) Announces Quarterly Dividend of $0.70 www.americanbankingnews.com - May 4 at 10:36 PM
	Spectra Energy Partners Announces 38th Consecutive Quarterly Cash Distribution Increase finance.yahoo.com - May 4 at 8:06 PM
	Spectra Energy Partners, (SEP) Given Daily Media Sentiment Score of 0.27 www.americanbankingnews.com - May 3 at 1:02 AM
	Spectra Energy Partners, LP (SEP) Given Average Recommendation of "Hold" by Analysts www.americanbankingnews.com - May 1 at 6:14 PM
	Spectra Energy Partners, (SEP) Receiving Positive News Coverage, AlphaOne Reports www.americanbankingnews.com - April 29 at 9:56 PM
	Q1 2017 Earnings Forecast for Spectra Energy Partners, LP (SEP) Issued By US Capital Advisors www.americanbankingnews.com - April 28 at 8:20 AM
	Bullish Two Hundred Day Moving Average Cross - SEP - Nasdaq.com - Nasdaq www.nasdaq.com - April 27 at 8:12 PM
	US Capital Advisors Analysts Lift Earnings Estimates for Spectra Energy Partners, LP (SEP) www.americanbankingnews.com - April 27 at 8:13 AM
	Spectra Energy Partners, (SEP) Earns Coverage Optimism Score of 0.27 www.americanbankingnews.com - April 26 at 8:10 PM
	Spectra Energy Partners, (SEP) Getting Somewhat Positive Media Coverage, Analysis Finds www.americanbankingnews.com - April 23 at 8:09 PM
	Spectra Energy Partners LP breached its 50 day moving average in a Bearish Manner : SEP-US : April 21, 2017 finance.yahoo.com - April 21 at 7:32 PM
	Should Value Investors Pick Spectra Energy (SEP) Stock? - Yahoo Finance finance.yahoo.com - April 17 at 6:47 PM
	Spectra Energy Partners, (SEP) Getting Somewhat Favorable Press Coverage, Analysis Shows www.americanbankingnews.com - April 17 at 6:13 PM
	Should Value Investors Pick Spectra Energy (SEP) Stock? www.zacks.com - April 17 at 9:05 AM
	$675.49 Million in Sales Expected for Spectra Energy Partners, LP (SEP) This Quarter www.americanbankingnews.com - April 16 at 9:40 AM
	Spectra Energy Partners, (SEP) Given Daily Media Sentiment Score of 0.34 www.americanbankingnews.com - April 14 at 9:53 PM
	Spectra Energy Partners, LP (SEP) Expected to Announce Earnings of $0.81 Per Share www.americanbankingnews.com - April 14 at 9:00 AM
	Spectra Energy Partners LP – Value Analysis (NYSE:SEP) : April 12, 2017 finance.yahoo.com - April 12 at 6:13 PM
	Spectra Energy Partners LP breached its 50 day moving average in a Bullish Manner : SEP-US : April 11, 2017 finance.yahoo.com - April 11 at 9:46 AM
	Spectra Energy Partners May Be Ending Downtrend finance.yahoo.com - April 7 at 8:07 PM
	Spectra Energy Partners, LP (SEP) Receives New Coverage from Analysts at Credit Suisse Group AG www.americanbankingnews.com - April 7 at 7:24 PM
	Spectra Energy Partners, LP (SEP) Given Consensus Recommendation of "Hold" by Brokerages www.americanbankingnews.com - April 4 at 3:06 PM
	Spectra Energy Partners, LP (SEP) to Post Q1 2017 Earnings of $0.73 Per Share, Jefferies Group Forecasts www.americanbankingnews.com - April 3 at 7:32 AM
	Spectra Energy Partners,'s (SEP) "Underweight" Rating Reaffirmed at Morgan Stanley www.americanbankingnews.com - March 25 at 10:06 AM
	Spectra Energy Partners, LP (SEP) Receives "Underweight" Rating from Morgan Stanley www.americanbankingnews.com - March 25 at 9:34 AM
	Morgan Stanley Initiates Coverage on Spectra Energy Partners, LP (SEP) www.americanbankingnews.com - March 23 at 11:29 AM
	US Capital Advisors Equities Analysts Decrease Earnings Estimates for Spectra Energy Partners, LP (SEP) www.americanbankingnews.com - March 20 at 11:51 AM
	Research Reports Coverage on Oil & Gas Stocks -- SemGroup, Shell Midstream, Spectra Energy, and EnLink Midstream www.marketwatch.com - March 15 at 8:01 PM
	Spectra Energy adds to stake in $1.2B PennEast pipeline plan seekingalpha.com - March 13 at 7:26 PM
	SPECTRA ENERGY PARTNERS, LP Financials finance.yahoo.com - March 2 at 7:52 PM
	Spectra Energy Partners Announces Change in General Partner and Appointment of New Directors and Officers - PR Newswire (press release) www.prnewswire.com - March 1 at 10:00 AM
	Houston executives, directors leave midstream co. after acquisition www.bizjournals.com - March 1 at 10:00 AM
	8:41 am Spectra Energy LP announces its general partner became an indirect subsidiary of Enbridge (ENB); Bill Yardley to assume the Chairman & President role of the general partner, CFO & CEO of the ge finance.yahoo.com - February 27 at 4:33 PM
	SPECTRA ENERGY PARTNERS, LP Files SEC form 8-K, Changes in Control or Registrant, Change in Directors or Principal Of biz.yahoo.com - February 27 at 4:33 PM
	BRIEF-Spectra Energy Partners reports change in general partner www.reuters.com - February 27 at 9:19 AM