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:
- Market Cap: $13.29182 billion
- Outstanding Shares: 310,338,000
- 50 Day Moving Avg: $44.37
- 200 Day Moving Avg: $44.02
- 52 Week Range: $40.19 - $47.49
Sales & Book Value:
- Trailing P/E Ratio: 15.13
- Foreward P/E Ratio: 13.47
- P/E Growth: 1.76
- Annual Revenue: $2.69 billion
- Price / Sales: 4.94
- Book Value: $37.79 per share
- Price / Book: 1.13
- Annual Dividend: $2.86
- Dividend Yield: 6.7%
- EBITDA: $1.61 billion
- Net Margins: 45.46%
- Return on Equity: 10.11%
- Return on Assets: 6.24%
- Debt-to-Equity Ratio: 0.44%
- Current Ratio: 0.23%
- Quick Ratio: 0.22%
- Average Volume: 297,895 shs.
- Beta: 0.75
- Short Ratio: 4.95
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 announced a quarterly dividend on Thursday, August 3rd. Investors of record on Tuesday, August 15th will be given a dividend of $0.7138 per share on Tuesday, August 29th. This represents a $2.86 annualized dividend and a yield of 6.67%. The ex-dividend date of this dividend is Friday, August 11th. This is a positive change from Spectra Energy Partners, LP's previous quarterly dividend of $0.70. View Spectra Energy Partners, LP's Dividend History.
How were Spectra Energy Partners, LP's earnings last quarter?
Spectra Energy Partners, LP (NYSE:SEP) announced its earnings results on Wednesday, August, 2nd. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.76 by $0.08. The company earned $695 million during the quarter, compared to analysts' expectations of $705.70 million. Spectra Energy Partners, LP had a net margin of 45.46% and a return on equity of 10.11%. The firm's quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.73 EPS. View Spectra Energy Partners, LP's Earnings History.
When will Spectra Energy Partners, LP make its next earnings announcement?
Where is Spectra Energy Partners, LP's stock going? Where will Spectra Energy Partners, LP's stock price be in 2017?
12 analysts have issued twelve-month price objectives for Spectra Energy Partners, LP's shares. Their forecasts range from $41.00 to $55.00. On average, they anticipate Spectra Energy Partners, LP's stock price to reach $49.67 in the next year. 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, Inc. (The) (WMB), ONEOK (OKE), Sunoco Logistics Partners LP (ETP), Magellan Midstream Partners L.P. (MMP), Plains All American Pipeline, L.P. (PAA), Mplx Lp (MPLX), Cheniere Energy Partners LP (CQP), Cheniere Energy Partners LP (CQP), Pembina Pipeline Corp. (PBA), Targa Resources (TRGP), Buckeye Partners L.P. (BPL), Enable Midstream Partners, LP (ENBL), EQT Midstream Partners, LP (EQM), EnLink Midstream Partners LP (ENLK), Phillips 66 Partners LP (PSXP), Shell Midstream Partners, L.P. (SHLX), Andeavor Logistics LP (ANDX) and Tesoro Logistics LP (ANDX).
Who are Spectra Energy Partners, LP's key executives?
Spectra Energy Partners, LP's management team includes the folowing people:
- William Turner Yardley, Chairman of the Board, President of Spectra Energy Partners GP, LLC
- Patrick J. Hester, Vice President - Law of Spectra Energy Partners GP, LLC
- Allen Carter Capps, Controller of Spectra Energy Partners GP, LLC
- Wanda Marie Opheim, Treasurer of Spectra Energy Partners GP, LLC
- Michael G. Morris, Director of Spectra Energy Partners GP, LLC
- Laura Buss Sayavedra, Director of Spectra Energy Partners GP, LLC
- John K. Whelen, Director of Spectra Energy Partners GP, LLC
- Vernon D. Yu, Director of Spectra Energy Partners GP, LLC
- Nora Mead Brownell, Independent Director of Spectra Energy Partners GP, LLC
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 investors include Spirit of America Management Corp NY (0.17%), Curbstone Financial Management Corp (0.00%) and Winslow Evans & Crocker Inc. (0.00%). 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?
Who bought Spectra Energy Partners, LP stock? Who is buying Spectra Energy Partners, LP stock?
Spectra Energy Partners, LP's stock was bought by a variety of institutional investors in the last quarter, including Spirit of America Management Corp NY and Curbstone Financial Management Corp. 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.
What is Spectra Energy Partners, LP's stock price today?
MarketBeat Community Rating for Spectra Energy Partners, LP (NYSE SEP)MarketBeat's community ratings are surveys of what our community members think about Spectra Energy Partners, LP and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Spectra Energy Partners, LP stock can currently be purchased for approximately $42.83.
Consensus Ratings for Spectra Energy Partners, LP (NYSE:SEP) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Sell Ratings, 2 Hold Ratings, 8 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.50)|
|Consensus Price Target: ||$49.67 (15.96% upside)|Consensus Price Target History for Spectra Energy Partners, LP (NYSE:SEP)
Analysts' Ratings History for Spectra Energy Partners, LP (NYSE:SEP)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/22/2017||Stifel Nicolaus||Reiterated Rating||Buy||$50.00||N/A|
|10/19/2017||Barclays PLC||Reiterated Rating||Buy||$50.00||N/A|
|10/17/2017||Goldman Sachs Group, Inc. (The)||Downgrade||Neutral -> Sell||$41.00||N/A|
|8/4/2017||Jefferies Group LLC||Reiterated Rating||Buy||$50.00||N/A|
|8/4/2017||Royal Bank Of Canada||Reiterated Rating||Buy||$55.00||N/A|
|6/23/2017||J P Morgan Chase & Co||Reiterated Rating||Overweight||$52.00||N/A|
|5/16/2017||Sanford C. Bernstein||Initiated Coverage||Market Perform||Low|
|5/15/2017||Wells Fargo & Company||Reiterated Rating||Outperform||$50.50 -> $51.00||Low|
|4/7/2017||Credit Suisse Group||Reiterated Rating||Outperform||$52.00||Low|
|3/25/2017||Morgan Stanley||Reiterated Rating||Underweight||$46.00||Low|
|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|
|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|
|2/8/2016||Deutsche Bank AG||Initiated Coverage||Buy||$54.00||N/A|
Earnings History for Spectra Energy Partners, LP (NYSE:SEP)Earnings History by Quarter for Spectra Energy Partners, LP (NYSE SEP)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/2/2017||Q2 2017||$0.76||$0.84||$705.70 million||$695.00 million||View||Listen|
|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|
Earnings Estimates for Spectra Energy Partners, LP (NYSE:SEP)
2017 EPS Consensus Estimate: $3.33
2018 EPS Consensus Estimate: $3.42
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Spectra Energy Partners, LP (NYSE:SEP)
|Most Recent Dividend:||8/29/2017|
|Dividend Growth:||9.20% (3 Year Average)|
|Payout Ratio:||101.06% (Trailing 12 Months of Earnings) |
92.86% (Based on This Year's Estimates)
89.94% (Based on Next Year's Estimates)
|Track Record:||10 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Spectra Energy Partners, LP (NYSE SEP)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Spectra Energy Partners, LP (NYSE:SEP)
Institutional Ownership Percentage: 19.81%Insider Trades by Quarter for Spectra Energy Partners, LP (NYSE:SEP)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|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|| |
Headline Trends for Spectra Energy Partners, LP (NYSE:SEP)
Latest Headlines for Spectra Energy Partners, LP (NYSE:SEP)
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Spectra Energy Partners, LP (SEP) Chart for Monday, October, 23, 2017