Spectra Energy (SE) is Upgraded by Raymond James to Strong Buy , according to the research report released to the investors. Earlier the firm had a rating of Outperform on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.
Spectra Energy Corp. has dropped 9.93% during the last 3-month period . Year-to-Date the stock performance stands at -30.92%.The company shares have dropped -35.34% from its 1 Year high price. On Apr 20, 2015, the shares registered one year high at $38.47 and the one year low was seen on Dec 8, 2015. The 50-Day Moving Average price is $24.80 and the 200 Day Moving Average price is recorded at $28.30.
Shares of Spectra Energy Corp (NYSE:SE) rose by 0.34% in the past week and 1.61% for the last 4 weeks. In the past week, the shares have outperformed the S&P 500 by 1.17% and the outperformance increases to 3.99% for the last 4 weeks.
Spectra Energy Corp (NYSE:SE) : On Thursday heightened volatility was witnessed in Spectra Energy Corp (NYSE:SE) which led to swings in the share price. The shares opened for trading at $23.56 and hit $24.07 on the upside , eventually ending the session at $23.94, with a gain of 0.88% or 0.21 points. The heightened volatility saw the trading volume jump to 4,734,754 shares. The 52-week high of the share price is $38.47 and the company has a market cap of $16,074 million. The 52-week low of the share price is at $21.43 .
Currently the company Insiders own 0.17% of Spectra Energy Corp shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -1.28% . Institutional Investors own 69.42% of Spectra Energy Corp shares. During last six month period, the net percent change held by insiders has seen a change of -1.28%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged that Phelps Michael E J, director of Spectra Energy Corp., had unloaded 1,125 shares at an average price of $27 in a transaction dated on November 16, 2015. The total value of the transaction was worth $30,375.
Spectra Energy Corp (Spectra Energy) through its subsidiaries and equity affiliates, owns and operates a portfolio of complementary natural gas-related energy assets and is a natural gas infrastructure company. Spectra Energy operates in three areas of the natural gas industry: gathering and processing, transmission and storage, and distribution. The Company operates in four segments: U.S. Transmission, Distribution, Western Canada Transmission & Processing, and Field Services. It provides transportation and storage of natural gas to customers in various regions of the United States and Canada. Effective March 14, 2013, the Company acquired the interest of Express-Platte Pipeline System. Effective August 2, 2013, Spectra Energy Partners LP, a 61%-owned unit of Spectra Energy Corp, acquired a 50% interest in Express-Platte Pipeline System, a wholly owned unit of Spectra Energy.