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

About Spectra Energy Partners, LP

Spectra Energy Partners, LP logoSpectra 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 (NGLs). The Company's segments include U.S. Transmission, Liquids and Other. The U.S. Transmission business primarily provides transmission, storage, and gathering of natural gas for customers in various regions of the northeastern and southeastern United States. The U.S. Transmission segment also processes natural gas on its Texas Eastern system. The Liquids business provides transportation and storage of crude oil for customers in central United States and Canada. The Company 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.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Pipelines
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: SEP
  • CUSIP:
Key Metrics:
  • Previous Close: $44.58
  • 50 Day Moving Average: $45.41
  • 200 Day Moving Average: $46.76
  • 52-Week Range: $36.21 - $50.48
  • Trailing P/E Ratio: 14.03
  • Foreward P/E Ratio: 12.35
  • P/E Growth: 2.68
  • Market Cap: $13.49B
  • Outstanding Shares: 302,578,000
  • Beta: 0.66
Additional Links:
Companies Related to Spectra Energy Partners, LP:

Analyst Ratings

Consensus Ratings for Spectra Energy Partners, LP (NYSE:SEP) (?)
Ratings Breakdown: 6 Hold Ratings, 10 Buy Ratings
Consensus Rating:Buy (Score: 2.63)
Consensus Price Target: $53.75 (20.57% upside)

Analysts' Ratings History for Spectra Energy Partners, LP (NYSE:SEP)
Show:
DateFirmActionRatingPrice TargetDetails
9/9/2016DA DavidsonReiterated RatingBuyView Rating Details
9/8/2016Jefferies GroupReiterated RatingBuyView Rating Details
9/7/2016Tudor PickeringUpgradeHold -> BuyView Rating Details
9/7/2016SimmonsDowngradeOverweight -> Neutral$60.00 -> $51.00View Rating Details
9/7/2016Piper Jaffray Cos.DowngradeOverweight -> NeutralView Rating Details
8/4/2016Stifel NicolausBoost Price TargetBuy$50.00 -> $55.00View Rating Details
7/21/2016Mitsubishi UFJ Financial GroupInitiated CoverageNeutral$55.00View Rating Details
7/7/2016BMO Capital MarketsReiterated RatingBuy$53.00View Rating Details
5/29/2016JPMorgan Chase & Co.Reiterated RatingBuyView Rating Details
5/11/2016Sanford C. BernsteinInitiated CoverageMarket Perform$48.00View Rating Details
4/13/2016Barclays PLCInitiated CoverageOverweight$54.00View Rating Details
3/17/2016Credit Suisse Group AGDowngradeOutperform -> Neutral$56.00 -> $54.00View Rating Details
2/8/2016Deutsche Bank AGInitiated CoverageBuy$54.00View Rating Details
1/20/2016Morgan StanleyUpgradeUnderweight -> Equal Weight$45.00 -> $51.00View Rating Details
1/15/2016Wells Fargo & Co.UpgradeMarket Perform -> OutperformView Rating Details
1/15/2016Royal Bank Of CanadaUpgradeSector Perform -> Outperform$58.00View Rating Details
5/14/2015Janney Montgomery ScottInitiated CoverageBuy$60.00View Rating Details
11/7/2014Bank of America Corp.Reiterated RatingUnderperform$48.00 -> $50.00View Rating Details
(Data available from 9/27/2014 forward)

Earnings

Earnings History for Spectra Energy Partners, LP (NYSE:SEP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/2/2016        
8/3/2016Q2$0.81$0.71$645.60 million$618.00 millionViewN/AView Earnings Details
5/4/2016Q115$0.87$1.05$664.18 millionViewListenView Earnings Details
11/4/2015Q3$0.74$0.85ViewN/AView Earnings Details
8/5/2015Q2$0.68$1.04ViewN/AView Earnings Details
5/6/2015$0.79$1.02ViewListenView Earnings Details
2/4/2015Q414$0.66$0.47$608.72 million$599.00 millionViewN/AView Earnings Details
11/5/2014Q314$0.59$0.75$554.12 million$558.00 millionViewN/AView Earnings Details
8/6/2014Q114$0.61$0.59$560.12 million$531.00 millionViewListenView Earnings Details
5/7/2014Q1$0.67$0.55$594.18 million$581.00 millionViewN/AView Earnings Details
2/4/2014Q413$0.49$0.40$470.74 million$520.00 millionViewN/AView Earnings Details
11/4/2013Q313$0.38$0.42$63.51 million$133.10 millionViewN/AView Earnings Details
8/6/2013Q2 2013$0.37$0.36$58.35 million$56.90 millionViewN/AView Earnings Details
5/3/2013Q1 2013$0.42$0.48$60.33 million$72.90 millionViewListenView Earnings Details
2/5/2013Q4 2012$0.37$0.40$60.62 million$59.00 millionViewListenView Earnings Details
11/1/2012$0.40$0.49ViewN/AView Earnings Details
8/2/2012$0.39$0.42ViewN/AView Earnings Details
5/4/2012$0.46$0.48ViewN/AView Earnings Details
2/3/2012$0.39$0.38ViewN/AView Earnings Details
11/4/2011$0.40$0.47ViewN/AView Earnings Details
8/4/2011$0.39$0.36ViewN/AView Earnings Details
5/4/2011$0.46$0.50ViewN/AView Earnings Details
2/4/2011$0.41$0.41ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Spectra Energy Partners, LP (NYSE:SEP)
Current Year EPS Consensus Estimate: $3.16 EPS
Next Year EPS Consensus Estimate: $3.61 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20163$0.83$0.97$0.92
Q2 20163$0.73$0.83$0.79
Q3 20163$0.77$0.83$0.80
Q4 20163$0.77$0.97$0.87
Q1 20172$0.88$0.95$0.92
Q2 20172$0.75$0.79$0.77
Q3 20172$0.76$0.81$0.79
Q4 20172$0.84$0.88$0.86
Q1 20181$0.94$0.94$0.94
Q2 20181$0.75$0.75$0.75
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Spectra Energy Partners, LP (NYSE:SEP)
Annual Dividend:$2.66
Dividend Yield:5.97%
Dividend Growth:8.00% (3 Year Average)
Payout Ratio:84.18% (Based on Current Year Consensus EPS Estimate)
73.68% (Based on Next Year Consensus EPS Estimate)
Track Record:9 Years of Consecutive Dividend Growth

Dividend History for Spectra Energy Partners, LP (NYSE:SEP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/3/2016quarterly$0.665.43%8/11/20168/15/20168/26/2016
5/4/2016quarterly$0.655/12/20165/16/20165/27/2016
2/3/2016quarterly$0.645.68%2/10/20162/15/20162/26/2016
10/19/2015quarterly$0.635.58%10/27/201510/29/201511/25/2015
8/5/2015quarterly$0.618/12/20158/14/20158/28/2015
5/6/2015quarterly$0.604.51%5/13/20155/15/20155/29/2015
2/4/2015quarterly$0.594.3%2/11/20152/13/20152/27/2015
11/5/2014quarterly$0.584.04%11/13/201411/17/201411/26/2014
8/6/2014quarterly$0.574.31%8/14/20148/18/20148/29/2014
5/7/2014quarterly$0.564.15%5/15/20145/19/20145/30/2014
2/4/2014quarterly$0.555.06%2/12/20142/14/20142/28/2014
10/17/2013quarterly$0.524.56%10/29/201310/31/201311/14/2013
7/24/2013quarterly$0.514.49%8/1/20138/5/20138/14/2013
4/29/2013quarterly$0.505.28%5/7/20135/9/20135/15/2013
1/28/2013quarterly$0.505.75%2/5/20132/7/20132/14/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Spectra Energy Partners, LP (NYSE:SEP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/4/2015J D WoodwardDirectorBuy1,500$39.30$58,950.00View SEC Filing  
12/2/2015J D WoodwardDirectorBuy1,500$40.77$61,155.00View SEC Filing  
3/7/2013Theopolis HolemanDirectorBuy1,000$38.42$38,420.00View SEC Filing  
8/31/2012Nora Mead BrownellDirectorBuy1,093$32.04$35,019.72View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Spectra Energy Partners, LP (NYSE:SEP)
DateHeadline
fool.com logoBetter Buy: Magellan Midstream Partners LP vs. Spectra Energy Partners (NYSE:SEP)
www.fool.com - September 26 at 7:18 PM
News IconStock Update on Earnings & Estimates for Spectra Energy Partners, LP (NYSE:SEP) - Frisco Fastball (NYSE:SEP)
friscofastball.com - September 26 at 5:28 AM
News IconWhich way Spectra Energy Partners, LP (NYSE:SEP) earnings may go - The Voice Registrar (NYSE:SEP)
voiceregistrar.com - September 24 at 11:36 AM
seekingalpha.com logoEnbridge Energy Partners: Snake-Bit Or Due For A Bounce? (NYSE:SEP)
seekingalpha.com - September 23 at 11:55 AM
News IconLeading stocks in today’s market: Spectra Energy Partners, LP (NYSE:SEP) (NYSE:SEP)
twincountynews.com - September 21 at 6:50 PM
seekingalpha.com logoMidcoast Energy Partners: Recent 20% Gain On Heels Of Pending Enbridge/Spectra Merger Means SELL (NYSE:SEP)
seekingalpha.com - September 20 at 12:34 PM
News IconFocusing on This Dividend Stock With Potential Upside: Spectra ... - Post News (NYSE:SEP)
www.kentuckypostnews.com - September 19 at 7:11 PM
News IconInstitutional Move From SEC: Spectra Energy Partners LP (SEP) Shareholder Tiedemann Trust Company Lifted Stake ... - Chester News (NYSE:SEP)
www.chesterindependent.com - September 19 at 7:11 PM
fool.com logoIf You Love Kinder Morgan Inc., You Should Check Out Enbridge Inc. (NYSE:SEP)
www.fool.com - September 18 at 11:26 AM
News IconSpectra Energy Partners LP (SEP) Receives Anayst Rating (NYSE:SEP)
avauncer.com - September 16 at 10:48 AM
bizjournals.com logoSpectra Energy reports corrosion as cause of Salem pipeline explosion (NYSE:SEP)
www.bizjournals.com - September 15 at 10:53 AM
thecountrycaller.com logoEnbridge Energy Partners, L.P. and Spectra Energy Corp. Merger Likely To See MLP Consolidation (NYSE:SEP)
www.thecountrycaller.com - September 14 at 7:25 PM
seekingalpha.com logoRecent Selling Of Spectra Energy Partners Presents A Great Buying Opportunity (NYSE:SEP)
seekingalpha.com - September 14 at 11:39 AM
News IconShares Lower Over the Past Quarter: Spectra Energy Partners, LP (NYSE:SEP) - Post News (NYSE:SEP)
www.kentuckypostnews.com - September 11 at 6:38 PM
News IconEnbridge Reaches A $37-Billion Deal To Buy Spectra Energy (NYSE:SEP)
magseriesusa.net - September 11 at 11:09 AM
News IconFollowing Dividend Stock With Possible Upside: Spectra Energy Partners, LP (NYSE:SEP) - Post News (NYSE:SEP)
www.kentuckypostnews.com - September 10 at 6:27 PM
News IconThe Sell-side Consensus is in on Spectra Energy Partners, LP (NYSE:SEP); Earnings & Target Updates - National Daily Press (NYSE:SEP)
www.nationaldailypress.com - September 10 at 6:27 PM
News IconThe Forgotten Crown Jewel (NYSE:SEP)
www.investingdaily.com - September 9 at 6:53 PM
News IconSpectra Energy Corp. Can't Be More Hot. Just Reaches 52-Week High (NYSE:SEP)
magseriesusa.net - September 9 at 12:00 PM
News IconThe Sell-side Consensus is in on Spectra Energy Partners, LP (NYSE:SEP); Earnings & Target Updates (NYSE:SEP)
www.nationaldailypress.com - September 9 at 12:00 PM
News IconEnergy Infrastructure Firms Enbridge And Spectra Enter $28B Merger (NYSE:SEP)
www.crcconnection.com - September 8 at 6:56 PM
News IconNotable News Buzz: Spectra Energy Partners, LP (NYSE:SEP), UBS Group AG (USA)(NYSE:UBS), Prudential ... - NYSE Journal (press release) (NYSE:SEP)
stockznews.com - September 7 at 10:56 AM
News IconEnbridge’s $28B Acquisition of Spectra Energy Merges Wet With Dry (NYSE:SEP)
www.naturalgasintel.com - September 6 at 7:23 PM
marketwatch.com logoFitch Places Spectra Energy Capital on Rating Watch Positive (NYSE:SEP)
www.marketwatch.com - September 6 at 7:23 PM
streetinsider.com logoSpectra Energy (SE) Ratings Affirmed by Moody's Amid Merger Agreement (NYSE:SEP)
www.streetinsider.com - September 6 at 7:23 PM
forbes.com logoShares of SEP Now Oversold (NYSE:SEP)
www.forbes.com - September 6 at 1:12 PM
reuters.com logoBRIEF-Enbridge to buy Spectra in a deal valued at about C$37 billion (NYSE:SEP)
www.reuters.com - September 6 at 11:59 AM
finance.yahoo.com logoEnbridge and Spectra Energy to Combine to Create North America's Premier Energy Infrastructure Company with C$165 Billion Enterprise Value (NYSE:SEP)
finance.yahoo.com - September 6 at 11:59 AM
nasdaq.com logoEnbridge And Spectra Energy To Merge (NYSE:SEP)
www.nasdaq.com - September 6 at 11:59 AM
finance.yahoo.com logoEnbridge buying Spectra in $28 bln deal (NYSE:SEP)
finance.yahoo.com - September 6 at 11:59 AM
sg.finance.yahoo.com logoEnbridge buying Spectra in $28 billion deal (NYSE:SEP)
sg.finance.yahoo.com - September 6 at 11:59 AM
News IconSpectra Energy Partners, LP (NYSE:SEP) – Top Stock from Basic Materials Sector - The Daily Leicester (NYSE:SEP)
thedailyleicester.com - September 5 at 6:22 PM
News IconIs Spectra Energy Partners, LP(NYSE: SEP), a large market cap ... - The Daily Leicester (NYSE:SEP)
thedailyleicester.com - September 3 at 6:24 PM
marketrealist.com logoA Look at Spectra Energy’s Implied Volatility (NYSE:SEP)
marketrealist.com - August 30 at 10:33 AM
finance.yahoo.com logoWestcoast Energy Inc. Announces Closing of Preferred Share Issue (NYSE:SEP)
finance.yahoo.com - August 30 at 10:33 AM
marketrealist.com logoWhat Spectra Energy’s Short Interest Indicates (NYSE:SEP)
marketrealist.com - August 30 at 10:33 AM
News IconSpectra Energy Partners, LP (NYSE:SEP) To Report September 2016 Results - The Voice Registrar (NYSE:SEP)
voiceregistrar.com - August 27 at 6:31 PM
News IconStock Valuation Recap for Spectra Energy Partners, LP (NYSE:SEP) - Post News (NYSE:SEP)
www.kentuckypostnews.com - August 27 at 11:27 AM
marketrealist.com logoSpectra Energy Zaps 70% of Its Earnings from Partners Group (NYSE:SEP)
marketrealist.com - August 26 at 7:00 PM
nasdaq.com logoSpectra Energy Partners Breaks Below 200-Day Moving Average - Notable for SEP - Nasdaq (NYSE:SEP)
www.nasdaq.com - August 25 at 7:35 PM
nasdaq.com logoSpectra Energy Partners Breaks Below 200-Day Moving Average - Notable for SEP (NYSE:SEP)
www.nasdaq.com - August 25 at 12:27 PM
News IconSpectra Energy Partners, LP (NYSE:SEP) from Oil & Gas Pipelines – Todays Top Gains (NYSE:SEP)
twincountynews.com - August 24 at 7:03 PM
publicnow.com logoNo change statement and notice of annual general meeting (NYSE:SEP)
www.publicnow.com - August 24 at 10:26 AM
News IconCrowd & Street Monitoring Spectra Energy Partners, LP (NYSE:SEP) - Post News (NYSE:SEP)
www.kentuckypostnews.com - August 21 at 6:29 PM
News IconOil & Gas Pipelines: Spectra Energy Partners, LP (NYSE:SEP) Position of the day (NYSE:SEP)
twincountynews.com - August 19 at 7:12 PM
publicnow.com logoCorrection – Proposed changes to the board of directors (NYSE:SEP)
www.publicnow.com - August 19 at 10:16 AM
publicnow.com logoProposed changes to the board of directors (NYSE:SEP)
www.publicnow.com - August 18 at 10:22 AM
News IconStock Review: Spectra Energy Partners, LP (NYSE:SEP) Price Targets in Focus - Post News (NYSE:SEP)
www.kentuckypostnews.com - August 17 at 7:41 PM
News IconTop Gainers of the Day: Spectra Energy Partners, LP (NYSE:SEP) from Oil & Gas Pipelines (NYSE:SEP)
twincountynews.com - August 17 at 10:19 AM
seekingalpha.com logoSpectra Energy: Will It Maintain Consistent Payout? (NYSE:SEP)
seekingalpha.com - August 15 at 7:43 PM

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Spectra Energy Partners, LP (NYSE:SEP) Chart for Tuesday, September, 27, 2016


Last Updated on 9/27/2016 by MarketBeat.com Staff