Active Mover: Spectra Energy Corp. (SE)

Andrew Cummings
February 17, 2017

RBC Capital Markets reaffirmed a "hold" rating and set a $24.00 price objective on shares of Enbridge Energy, L.P.in a report on Friday, January 6th. NEXT Financial Group Inc now owns 7,657 shares of the company's stock worth $195,000 after buying an additional 5,120 shares during the last quarter. Including today's unusual volume, Midcoast Energy Partners, L.P.'s stock is performing at 19.33% on the year. Average True Range (ATR) is an indicator based on trading ranges smoothed by an N-period exponential moving average percentage of the true range values. The 5 year historical dividend growth of Midcoast Energy Partners, L.P.(MEP) is at the rate of 16.17% while the R-Squared dividend growth is 0.39. If the value of R-Square is close to one, it indicates a flawless fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

MPLX LP (NYSE:MPLX) closed on the previously announced transaction to acquire a partial, indirect equity interest in the Dakota Access Pipeline and the Energy Transfer Crude Oil Pipeline projects, collectively referred to as the Bakken Pipeline system, through a joint venture with Enbridge Energy Partners, L.P. After the session commenced at $8, the stock reached the higher end at $8.04 while it hit a low of $7.95. The average 1 year price objective among analysts that have covered the stock in the last year is $23.73. The company has a 52-week high of $9.89.


Spectra Energy Corp. (NYSE:SE) has 701 Million shares outstanding and 699.33 Million shares were floated in market. The stock is going forward to its 52-week low with 59.42% and lagging behind from its 52-week high price with -2.19%. Full-year profit views are for Spectra Energy Corp to earn $1.17 in current year and drop profits by almost 1.74% over last year's earnings of $1.15.

Shares of Enbridge Energy, L.P. The company maintains price to book ratio of - vs.an industry average at 3.23.


Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Midcoast Energy Partners LP was Upgraded by Credit Suisse to Neutral on Jan 30, 2017.

"Enbridge Energy, L.P. (EEP) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS" was first published by The Cerbat Gem and is owned by of The Cerbat Gem.


Currently, Spectra Energy has a Zacks Rank #2 (Buy) but that could change following its fourth quarter 2016 earnings report which has just released. Analyst had a consensus of $-0.16. Cash Flows from Operating Activities of $69.9 million for the fourth quarter of 2016 compared to $97.4 million for the same period in 2015, representing a decrease of $27.5 million, or 28%. Duff & Phelps Investment Management Co. now owns 958,298 shares of the company's stock valued at $46,190,000 after buying an additional 303,298 shares during the last quarter. During the same quarter in the previous year, the company posted $-0.04 EPS. We are engaged in the gathering, processing and transportation of natural gas; the gathering, transportation, fractionation, storage and marketing of NGLs; and the transportation and storage of crude oil and refined petroleum products. Enbridge operates the world's longest crude oil and liquids transportation system across Canada and the US, and has a significant and growing involvement in natural gas gathering, transmission and midstream business, as well as an increasing involvement in power transmission.

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