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

About Spectra Energy Partners, LP (NYSE:SEP)

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. 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 Transportation Services
  • Sub-Industry: N/A
  • Symbol: NYSE:SEP
  • CUSIP: N/A
  • Web: www.spectraenergypartners.com
Capitalization:
  • Market Cap: $13.29182 billion
  • Outstanding Shares: 310,338,000
Average Prices:
  • 50 Day Moving Avg: $44.37
  • 200 Day Moving Avg: $44.02
  • 52 Week Range: $40.19 - $47.49
P/E:
  • Trailing P/E Ratio: 15.13
  • Foreward P/E Ratio: 13.47
  • P/E Growth: 1.76
Sales & Book Value:
  • Annual Revenue: $2.69 billion
  • Price / Sales: 4.94
  • Book Value: $37.79 per share
  • Price / Book: 1.13
Dividend:
  • Annual Dividend: $2.86
  • Dividend Yield: 6.7%
Profitability:
  • EBITDA: $1.61 billion
  • Net Margins: 45.46%
  • Return on Equity: 10.11%
  • Return on Assets: 6.24%
Debt:
  • Debt-to-Equity Ratio: 0.44%
  • Current Ratio: 0.23%
  • Quick Ratio: 0.22%
Misc:
  • 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?

Spectra Energy Partners, LP is scheduled to release their next quarterly earnings announcement on Tuesday, October, 31st 2017. View Earnings Estimates for Spectra Energy Partners, LP.

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?

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?

Spectra Energy Partners, LP's stock was sold by a variety of institutional investors in the last quarter, including Winslow Evans & Crocker Inc.. 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 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?

One share of Spectra Energy Partners, LP stock can currently be purchased for approximately $42.83.


MarketBeat Community Rating for Spectra Energy Partners, LP (NYSE SEP)
Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  194 (Vote Outperform)
Underperform Votes:  286 (Vote Underperform)
Total Votes:  480
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.

Analyst Ratings

Consensus Ratings for Spectra Energy Partners, LP (NYSE:SEP) (How are Consensus Ratings Calculated?)
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)
Price Target History for Spectra Energy Partners, LP (NYSE:SEP)
Analysts' Ratings History for Spectra Energy Partners, LP (NYSE:SEP)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/22/2017Stifel NicolausReiterated RatingBuy$50.00N/AView Rating Details
10/19/2017Barclays PLCReiterated RatingBuy$50.00N/AView Rating Details
10/17/2017Goldman Sachs Group, Inc. (The)DowngradeNeutral -> Sell$41.00N/AView Rating Details
8/4/2017Jefferies Group LLCReiterated RatingBuy$50.00N/AView Rating Details
8/4/2017Royal Bank Of CanadaReiterated RatingBuy$55.00N/AView Rating Details
6/23/2017J P Morgan Chase & CoReiterated RatingOverweight$52.00N/AView Rating Details
5/16/2017Sanford C. BernsteinInitiated CoverageMarket PerformLowView Rating Details
5/15/2017Wells Fargo & CompanyReiterated RatingOutperform$50.50 -> $51.00LowView Rating Details
4/7/2017Credit Suisse GroupReiterated RatingOutperform$52.00LowView Rating Details
3/25/2017Morgan StanleyReiterated RatingUnderweight$46.00LowView Rating Details
1/18/2017Citigroup Inc.Reiterated RatingNeutralN/AView Rating Details
11/18/2016US Capital AdvisorsUpgradeHold -> BuyN/AView Rating Details
10/7/2016Wolfe ResearchInitiated CoverageHold$44.00N/AView Rating Details
9/9/2016DA DavidsonReiterated RatingBuyN/AView Rating Details
9/7/2016Tudor PickeringUpgradeHold -> BuyN/AView Rating Details
9/7/2016SimmonsDowngradeOverweight -> Neutral$60.00 -> $51.00N/AView Rating Details
9/7/2016Piper Jaffray CompaniesDowngradeOverweight -> NeutralN/AView Rating Details
7/21/2016Mitsubishi UFJ Financial GroupInitiated CoverageNeutral$55.00N/AView Rating Details
7/7/2016BMO Capital MarketsReiterated RatingBuy$53.00N/AView Rating Details
2/8/2016Deutsche Bank AGInitiated CoverageBuy$54.00N/AView Rating Details
(Data available from 10/23/2015 forward)

Earnings

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)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/31/2017N/AView Earnings Details
8/2/2017Q2 2017$0.76$0.84$705.70 million$695.00 millionViewListenView Earnings Details
5/10/2017Q1 2017$0.79$0.89$701.45 million$700.00 millionViewN/AView Earnings Details
2/17/2017Q4 2016$0.82$0.81$692.08 million$663.00 millionViewN/AView Earnings Details
11/2/2016Q315$0.80$0.76$665.42 million$628.00 millionViewListenView Earnings Details
5/4/2016Q115$0.87$1.05$654.30 million$624.00 millionViewListenView Earnings Details
11/4/2015Q3$0.74$0.85$618.88 million$612.00 millionViewN/AView Earnings Details
8/5/2015Q2$0.68$1.04$610.29 million$603.00 millionViewN/AView Earnings Details
5/6/2015$0.79$1.02$615.84 million$606.00 millionViewListenView 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)
2017 EPS Consensus Estimate: $3.33
2018 EPS Consensus Estimate: $3.42
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.73$0.92$0.83
Q2 20173$0.76$0.86$0.83
Q3 20173$0.72$0.90$0.81
Q4 20173$0.81$0.90$0.87
Q1 20182$0.92$0.98$0.95
Q2 20182$0.74$0.88$0.81
Q3 20182$0.72$0.92$0.82
Q4 20182$0.75$0.92$0.84
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Spectra Energy Partners, LP (NYSE:SEP)
Most Recent Dividend:8/29/2017
Annual Dividend:$2.86
Dividend Yield:6.68%
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 Payments by Quarter for Spectra Energy Partners, LP (NYSE:SEP)

Dividend History by Quarter for Spectra Energy Partners, LP (NYSE SEP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/3/2017quarterly$0.716.24%8/11/20178/15/20178/29/2017
5/4/2017quarterly$0.706.22%5/11/20175/15/20175/26/2017
2/7/2017quarterly$0.696.08%2/15/20172/17/20172/28/2017
11/2/2016quarterly$0.686.45%11/9/201611/14/201611/29/2016
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 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)
Institutional Ownership by Quarter for Spectra Energy Partners, LP (NYSE:SEP)
Insider Trades by Quarter for Spectra Energy Partners, LP (NYSE:SEP)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
11/17/2016Gregory L EbelCEOBuy8,000$41.58$332,640.00View SEC Filing  
11/15/2016J D WoodwardDirectorBuy2,500$42.27$105,675.00View SEC Filing  
11/7/2016Gregory L EbelCEOBuy8,529$41.67$355,403.43View SEC Filing  
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

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

Spectra Energy Partners, LP (SEP) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

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