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Enter Symbol:
 
SPECTRA ENERGY PARTERS LP (SEP) [hlAlert]

Rating:
Neutral SEP
up 30.87 %

SPECTRA ENERGY PARTERS LP (SEP) downgraded to Neutral by Citigroup

Posted on: Tuesday,  Apr 16, 2013  8:25 AM ET by Citigroup

Citigroup rated Neutral SPECTRA ENERGY PARTERS LP (NYSE: SEP) on 04/16/2013. Previously Citigroup rated Buy SPECTRA ENERGY PARTERS LP (NYSE: SEP) on
11/19/2012., when the stock price was $27.95. Since then, SPECTRA ENERGY PARTERS LP has gained 30.88% as of 04/16/2013's recent price of $36.58.
If you would have followed the previous Citigroup's recommendation on SEP, you would have gained 30.87% of your investment in 148 days.

Spectra Energy Partners, LP (Spectra Energy Partners), together with its subsidiaries, is engaged in the transportation of natural gas through interstate pipeline systems with approximately 2,200 miles of pipelines that serve the southeastern United States, and the storage of natural gas in underground facilities with aggregate working gas storage capacity of approximately 42 billion cubic feet (Bcf) that are located in southeast Texas, south central Louisiana and southwest Virginia. The Company transports and stores natural gas for a mix of customers, including local gas distribution companies (LDCs), municipal utilities, interstate and intrastate pipelines, direct industrial users, electric power generators, marketers and producers. On April 4, 2008, the Company acquired equity interests of Saltville Gas Storage Company L.L.C. (Saltville) and the P-25 pipeline from Spectra Energy Corp.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/16/2013 8:25 AM Hold
None
36.58
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD up  17.13 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/19/2012 8:25 AM Buy
None
27.95
8/6/2007 9:25 AM Buy
None
27.20 32.50

(*) Stock Price at the time of the recommendation.
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