Kayne Anderson Capital Advisors LP Stake in Spectra Energy Partners LP (SEP) Lowered by $16.75 Million; Key Group Holdings Cayman LTD Has Boosted Turquoise Hill Res LTD (TRQ) Stake by $2.79 Million; Market Valuation Declined

April 26, 2018 - By Richard Conner

Turquoise Hill Resources Ltd. (NYSE:TRQ) Logo

Key Group Holdings Cayman Ltd increased its stake in Turquoise Hill Res Ltd (TRQ) by 9.09% based on its latest 2017Q4 regulatory filing with the SEC. Key Group Holdings Cayman Ltd bought 930,000 shares as the company’s stock declined 2.40% with the market. The hedge fund held 11.16M shares of the precious metals company at the end of 2017Q4, valued at $38.22 million, up from 10.23M at the end of the previous reported quarter. Key Group Holdings Cayman Ltd who had been investing in Turquoise Hill Res Ltd for a number of months, seems to be bullish on the $6.21B market cap company. The stock decreased 0.65% or $0.02 during the last trading session, reaching $3.07. About 1.57M shares traded. Turquoise Hill Resources Ltd. (NYSE:TRQ) has risen 6.21% since April 26, 2017 and is uptrending. It has underperformed by 5.34% the S&P500.

Kayne Anderson Capital Advisors Lp decreased its stake in Spectra Energy Partners Lp (SEP) by 11.25% based on its latest 2017Q4 regulatory filing with the SEC. Kayne Anderson Capital Advisors Lp sold 429,500 shares as the company’s stock declined 21.17% with the market. The hedge fund held 3.39M shares of the public utilities company at the end of 2017Q4, valued at $133.93M, down from 3.82 million at the end of the previous reported quarter. Kayne Anderson Capital Advisors Lp who had been investing in Spectra Energy Partners Lp for a number of months, seems to be less bullish one the $17.41 billion market cap company. The stock increased 0.68% or $0.24 during the last trading session, reaching $35.44. About 301,271 shares traded. Spectra Energy Partners, LP (NYSE:SEP) has declined 22.60% since April 26, 2017 and is downtrending. It has underperformed by 34.15% the S&P500.

Analysts await Spectra Energy Partners, LP (NYSE:SEP) to report earnings on May, 9. They expect $0.82 earnings per share, down 7.87% or $0.07 from last year’s $0.89 per share. SEP’s profit will be $402.85M for 10.80 P/E if the $0.82 EPS becomes a reality. After $0.82 actual earnings per share reported by Spectra Energy Partners, LP for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 22 analysts covering Spectra Energy Partners LP (NYSE:SEP), 6 have Buy rating, 3 Sell and 13 Hold. Therefore 27% are positive. Spectra Energy Partners LP had 66 analyst reports since July 23, 2015 according to SRatingsIntel. On Wednesday, April 25 the stock rating was maintained by Jefferies with “Buy”. The firm has “Equal-Weight” rating by Barclays Capital given on Wednesday, December 20. The rating was downgraded by Stifel Nicolaus on Tuesday, March 6 to “Hold”. Credit Suisse maintained the shares of SEP in report on Monday, February 8 with “Outperform” rating. The stock of Spectra Energy Partners, LP (NYSE:SEP) has “Outperform” rating given on Friday, April 7 by Credit Suisse. Stifel Nicolaus initiated Spectra Energy Partners, LP (NYSE:SEP) rating on Tuesday, May 31. Stifel Nicolaus has “Buy” rating and $50 target. On Thursday, February 22 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was downgraded by J.P. Morgan on Friday, April 13 to “Hold”. Jefferies upgraded it to “Buy” rating and $54 target in Thursday, July 23 report. On Wednesday, March 28 the stock rating was maintained by Citigroup with “Neutral”.

Kayne Anderson Capital Advisors Lp, which manages about $18.02 billion and $7.86B US Long portfolio, upped its stake in Noble Midstream Partners Lp by 449,100 shares to 2.09 million shares, valued at $104.53 million in 2017Q4, according to the filing. It also increased its holding in Boardwalk Pipeline Partners (NYSE:BWP) by 76,700 shares in the quarter, for a total of 1.95M shares, and has risen its stake in Oneok Inc New (NYSE:OKE).

Investors sentiment decreased to 0.82 in Q4 2017. Its down 0.31, from 1.13 in 2017Q3. It worsened, as 22 investors sold SEP shares while 74 reduced holdings. 24 funds opened positions while 55 raised stakes. 66.54 million shares or 6.90% more from 62.25 million shares in 2017Q3 were reported. Georgia-based Invesco Ltd has invested 0% in Spectra Energy Partners, LP (NYSE:SEP). Glob X Management Limited Liability Corporation, a New York-based fund reported 750,451 shares. River Road Asset Limited Liability invested 0.76% of its portfolio in Spectra Energy Partners, LP (NYSE:SEP). Amer Century Cos holds 0.2% or 5.20 million shares in its portfolio. 62,500 were reported by Eventide Asset Mgmt Limited Liability. Baystate Wealth Management Ltd stated it has 135 shares or 0% of all its holdings. Cincinnati Ins owns 0.05% invested in Spectra Energy Partners, LP (NYSE:SEP) for 44,271 shares. Moreover, Tower Bridge Advsrs has 0.12% invested in Spectra Energy Partners, LP (NYSE:SEP). Oakworth Capital Incorporated holds 722 shares or 0.01% of its portfolio. First Heartland Consultants stated it has 0.45% in Spectra Energy Partners, LP (NYSE:SEP). Moreover, Susquehanna Intl Gp Ltd Liability Partnership has 0% invested in Spectra Energy Partners, LP (NYSE:SEP). Nelson Van Denburg & Campbell Wealth Gru Ltd Llc reported 0.03% in Spectra Energy Partners, LP (NYSE:SEP). Diversified Tru holds 0.02% or 10,225 shares. Pnc Svcs Grp Inc holds 0% of its portfolio in Spectra Energy Partners, LP (NYSE:SEP) for 83,956 shares. Westwood Group Inc holds 338,329 shares.

Among 6 analysts covering Turquoise Hill Resources (NYSE:TRQ), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Turquoise Hill Resources had 13 analyst reports since September 29, 2015 according to SRatingsIntel. As per Monday, July 18, the company rating was initiated by RBC Capital Markets. RBC Capital Markets maintained it with “Hold” rating and $400 target in Wednesday, June 28 report. RBC Capital Markets maintained Turquoise Hill Resources Ltd. (NYSE:TRQ) on Monday, July 31 with “Hold” rating. As per Monday, November 9, the company rating was upgraded by Macquarie Research. Credit Suisse maintained Turquoise Hill Resources Ltd. (NYSE:TRQ) on Wednesday, April 19 with “Neutral” rating. The company was maintained on Tuesday, October 10 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Hold” on Friday, May 26. The rating was maintained by RBC Capital Markets on Monday, November 13 with “Hold”. The stock of Turquoise Hill Resources Ltd. (NYSE:TRQ) has “Hold” rating given on Wednesday, August 17 by Canaccord Genuity. TD Securities upgraded Turquoise Hill Resources Ltd. (NYSE:TRQ) on Friday, December 11 to “Buy” rating.

Spectra Energy Partners, LP (NYSE:SEP) Institutional Positions Chart

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