Woodstock boosted its position in shares of Spectra Energy Corp. (NYSE:SE) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The hedge fund owned 67,255 shares of the company’s stock after buying an additional 2,200 shares during the period. Woodstock’s holdings in Spectra Energy Corp. were worth $1,610,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Southport Capital Management boosted its position in shares of Spectra Energy Corp. by 25.4% in the fourth quarter. Southport Capital Management now owns 19,121 shares of the company’s stock worth $458,000 after buying an additional 3,875 shares in the last quarter. Baker Avenue Asset Management boosted its position in shares of Spectra Energy Corp. by 1.4% in the third quarter. Baker Avenue Asset Management now owns 18,421 shares of the company’s stock worth $484,000 after buying an additional 253 shares in the last quarter. Nikko Asset Management Americas boosted its position in shares of Spectra Energy Corp. by 57.3% in the fourth quarter. Nikko Asset Management Americas now owns 23,600 shares of the company’s stock worth $560,000 after buying an additional 8,600 shares in the last quarter. Chicago Trust Company boosted its position in shares of Spectra Energy Corp. by 16.6% in the fourth quarter. Chicago Trust Company now owns 41,884 shares of the company’s stock worth $1,003,000 after buying an additional 5,953 shares in the last quarter. Finally, McQueen, Ball & Associates bought a new position in shares of Spectra Energy Corp. during the fourth quarter worth approximately $1,123,000.

Shares of Spectra Energy Corp. (NYSE:SE) traded up 6.70% during mid-day trading on Friday, reaching $27.39. The company’s stock had a trading volume of 12,094,791 shares. Spectra Energy Corp. has a 12 month low of $21.43 and a 12 month high of $38.47. The company has a 50 day moving average price of $23.93 and a 200 day moving average price of $27.46. The stock has a market capitalization of $18.39 billion and a P/E ratio of 23.82.

Spectra Energy Corp. (NYSE:SE) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. During the same period in the prior year, the business posted $0.31 earnings per share. The business earned $1.10 billion during the quarter, compared to analyst estimates of $1.30 billion. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. On average, equities research analysts anticipate that Spectra Energy Corp. will post $1.17 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 8th. Stockholders of record on Friday, February 12th will be given a $0.405 dividend. This is a positive change from Spectra Energy Corp.’s previous quarterly dividend of $0.31. This represents a $1.62 annualized dividend and a dividend yield of 5.91%.

A number of research analysts have commented on the company. Argus reduced their price objective on Spectra Energy Corp. from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, November 24th. Jefferies Group restated a “hold” rating and set a $35.00 price objective (down previously from $36.00) on shares of Spectra Energy Corp. in a research note on Thursday, December 3rd. Wells Fargo assumed coverage on Spectra Energy Corp. in a research note on Friday, December 18th. They set a “market perform” rating on the stock. Finally, Raymond James upgraded Spectra Energy Corp. from an “outperform” rating to a “strong-buy” rating and set a $31.00 price objective on the stock in a research note on Monday, January 4th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $37.70.

In other news, Director Michael E. J. Phelps sold 1,125 shares of the firm’s stock in a transaction dated Monday, November 16th. The stock was sold at an average price of $27.00, for a total value of $30,375.00. Following the sale, the director now directly owns 86,678 shares of the company’s stock, valued at $2,340,306. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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.

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