Spectra Energy Corp (NYSE:SE) has climbed 1.5% in the past week and advanced 8.72% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.71% and the outperformance has advanced to 7.73% for the last 4 weeks period.
Spectra Energy Corp (NYSE:SE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.88 and $33.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.90, notching a gain of 0.65% for the day. The total traded volume was 7,739,831 . The stock had closed at $33.68 on the previous day.
The company shares have rallied 2.57% from its 1 Year high price. On Jun 17, 2016, the shares registered one year high at $33.98 and the one year low was seen on Dec 8, 2015. The 50-Day Moving Average price is $31.91 and the 200 Day Moving Average price is recorded at $28.73.
On the companys insider trading activities, The officer (Chief Development Officer), of Spectra Energy Corp., Buckley Guy G. had unloaded 21,100 shares at $29.41 per share in a transaction on March 2, 2016. The total value of transaction was $620,551. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Major Brokerage house, Jefferies maintains its ratings on Spectra Energy Corp (NYSE:SE). In the latest research report, Jefferies raises the target price from $27 per share to $30 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on June 8, 2016. Currently the company Insiders own 0.22% of Spectra Energy Corp shares according to the proxy statements. Institutional Investors own 68.1% of Spectra Energy Corp shares.
Spectra Energy Corp is a natural gas infrastructure company. The Company owns and operates natural gas-related energy assets and a crude oil pipeline system connecting Canadian and the United States producers to refineries in the United States Rocky Mountain and Midwest regions. It operates in three areas of the natural gas industry: gathering and processing, transmission and storage, and distribution. It conducts its business in four segments: Spectra Energy Partners, Distribution, Western Canada Transmission & Processing, and Field Services. It provides transmission and storage of natural gas to customers in various regions of the northeastern and southeastern United States, the Maritime Provinces in Canada, the Pacific Northwest in the United States and Canada, and in the province of Ontario, Canada. It also provides natural gas sales and distribution services to retail customers in Ontario, and natural gas gathering and processing services to customers in western Canada.