Kayne Anderson Capital Advisors LP Has Decreased Spectra Energy Partners LP (SEP) Stake; Biotelemetry (BEAT) Shorts Raised By 4.46%

September 14, 2018 - By Rachel Eickhoff

Spectra Energy Partners, LP (NYSE:SEP) Logo

Biotelemetry Inc (NASDAQ:BEAT) had an increase of 4.46% in short interest. BEAT’s SI was 2.73 million shares in September as released by FINRA. Its up 4.46% from 2.61M shares previously. With 307,200 avg volume, 9 days are for Biotelemetry Inc (NASDAQ:BEAT)’s short sellers to cover BEAT’s short positions. The SI to Biotelemetry Inc’s float is 8.53%. The stock increased 3.73% or $2.25 during the last trading session, reaching $62.5. About 98,294 shares traded. BioTelemetry, Inc. (NASDAQ:BEAT) has risen 55.22% since September 14, 2017 and is uptrending. It has outperformed by 39.60% the S&P500. Some Historical BEAT News: 14/05/2018 – Renaissance Technologies LLC Exits Position in BioTelemetry; 15/05/2018 – Arrowmark Partners Buys New 1.2% Position in BioTelemetry; 25/04/2018 – BioTelemetry 1Q Rev $94.5M; 10/04/2018 BioTelemetry Closes Above 200-Day Moving Average: Technicals; 26/04/2018 – BIOTELEMETRY INC BEAT.O : BENCHMARK RAISES TARGET PRICE TO $46 FROM $44; 25/04/2018 – BioTelemetry 1Q EPS 17c; 24/04/2018 – BioTelemetry Short-Interest Ratio Rises 34% to 12 Days; 25/04/2018 – BioTelemetry 1Q Adj EPS 39c; 19/04/2018 – DJ BioTelemetry Inc, Inst Holders, 1Q 2018 (BEAT)

Kayne Anderson Capital Advisors Lp decreased Spectra Energy Partners Lp (SEP) stake by 11.4% reported in 2018Q2 SEC filing. Kayne Anderson Capital Advisors Lp sold 334,850 shares as Spectra Energy Partners Lp (SEP)’s stock rose 19.85%. The Kayne Anderson Capital Advisors Lp holds 2.60 million shares with $92.21 million value, down from 2.94M last quarter. Spectra Energy Partners Lp now has $18.10 billion valuation. The stock decreased 1.01% or $0.38 during the last trading session, reaching $37.33. About 84,137 shares traded. Spectra Energy Partners, LP (NYSE:SEP) has declined 14.69% since September 14, 2017 and is downtrending. It has underperformed by 30.31% the S&P500. Some Historical SEP News: 30/04/2018 – Sabal Trail Transmission, LLC Announces Pricing of $1.5 Billion Debt Offering; 09/05/2018 – Spectra Energy Partners 1Q Rev $779M; 09/05/2018 – SPECTRA ENERGY PARTNERS LP QTRLY OPERATING REVENUES $779 MLN VS $700 MLN; 16/03/2018 – SEP DOESN’T EXPECT MATERIAL FINANCIAL EFFECT FROM FERC POLICY; 17/05/2018 – North American pipeline operators restructure after tax change; 09/05/2018 – SPECTRA ENERGY PARTNERS – DECLARED A QUARTERLY CASH DISTRIBUTION TO UNITHOLDERS OF $0.75125 PER UNIT, AN INCREASE OF 1.25 CENTS OVER PREVIOUS LEVEL; 16/03/2018 – Spectra Energy Partners Does Not Expect a Material Fincl Impact as a Result of FERC Revised Policy Statements; 29/05/2018 – S&PGR Affirms Spectra Energy Partners ‘BBB+’ Ratings; 07/03/2018 – Enbridge Announces Expiration and Results of Offer by Spectra Energy Cap to Purchase Notes Due in 2032 and 2038; 09/05/2018 – SPECTRA ENERGY PARTNERS – IF FERC ACTIONS, IMPLEMENTED AS ANNOUNCED, ESTIMATES UNMITIGATED IMPACT TO REVENUE TO BE ABOUT $110 – $125 MLN PER YEAR

Investors sentiment decreased to 0.68 in 2018 Q2. Its down 0.57, from 1.25 in 2018Q1. It turned negative, as 35 investors sold SEP shares while 70 reduced holdings. 30 funds opened positions while 41 raised stakes. 49.90 million shares or 23.24% less from 65.01 million shares in 2018Q1 were reported. Cambridge Research Advsrs Incorporated holds 0% or 9,514 shares. Raymond James And Assocs holds 0.03% or 471,245 shares. Sei reported 8,315 shares. San Francisco Sentry Inv (Ca) holds 500 shares. Thompson Siegel And Walmsley Llc owns 31,975 shares or 0.01% of their US portfolio. 73,300 were reported by Blair William Il. Virtu Ltd Liability has invested 0.1% in Spectra Energy Partners, LP (NYSE:SEP). Mai Capital holds 0.04% of its portfolio in Spectra Energy Partners, LP (NYSE:SEP) for 22,546 shares. Btr Capital Inc reported 8,100 shares. Morgan Stanley holds 0.01% in Spectra Energy Partners, LP (NYSE:SEP) or 1.09 million shares. Naples Advsrs Lc owns 16,850 shares or 0.17% of their US portfolio. Capital Advsr Limited Liability Corp owns 41,249 shares or 0.09% of their US portfolio. Walnut Private Equity Partners Ltd Liability owns 7,925 shares. Nuveen Asset Mngmt Ltd Liability holds 0% of its portfolio in Spectra Energy Partners, LP (NYSE:SEP) for 14,000 shares. Citigroup Inc holds 0.05% of its portfolio in Spectra Energy Partners, LP (NYSE:SEP) for 1.66 million shares.

Kayne Anderson Capital Advisors Lp increased Knot Offshore Partners Lp (NYSE:KNOP) stake by 20,000 shares to 2.02M valued at $44.71M in 2018Q2. It also upped Williams Cos Inc Del (NYSE:WMB) stake by 1.11 million shares and now owns 5.67M shares. Phillips 66 (NYSE:PSX) was raised too.

Among 12 analysts covering Spectra Energy Partners (NYSE:SEP), 1 have Buy rating, 2 Sell and 9 Hold. Therefore 8% are positive. Spectra Energy Partners had 19 analyst reports since March 22, 2018 according to SRatingsIntel. As per Friday, June 8, the company rating was maintained by Morgan Stanley. As per Friday, April 13, the company rating was downgraded by JP Morgan. Barclays Capital maintained it with “Equal-Weight” rating and $38 target in Wednesday, July 11 report. The stock has “Neutral” rating by JP Morgan on Tuesday, May 22. The company was downgraded on Monday, April 9 by RBC Capital Markets. The rating was maintained by Wells Fargo with “Hold” on Thursday, March 22. The stock of Spectra Energy Partners, LP (NYSE:SEP) has “Hold” rating given on Friday, April 13 by J.P. Morgan. Stifel Nicolaus maintained it with “Hold” rating and $36 target in Monday, August 6 report. The stock has “Buy” rating by Jefferies on Wednesday, April 25. As per Sunday, April 22, the company rating was maintained by Stifel Nicolaus.

More important recent Spectra Energy Partners, LP (NYSE:SEP) news were published by: Bizjournals.com which released: “Enbridge to acquire remainder of Spectra Energy Partners in $3.3B deal” on August 24, 2018, also Seekingalpha.com published article titled: “Why This High-Yield Company Will Deliver Attractive Returns”, Bizjournals.com published: “Deal of the Week: Enbridge to acquire remainder of Spectra MLP in $3.3B deal” on August 31, 2018. More interesting news about Spectra Energy Partners, LP (NYSE:SEP) was released by: Fool.com and their article: “Is Enbridge Energy Partners, LP a Buy?” with publication date: September 06, 2018.

Analysts await Spectra Energy Partners, LP (NYSE:SEP) to report earnings on November, 7. They expect $0.79 earnings per share, down 43.97% or $0.62 from last year’s $1.41 per share. SEP’s profit will be $383.06 million for 11.81 P/E if the $0.79 EPS becomes a reality. After $0.79 actual earnings per share reported by Spectra Energy Partners, LP for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Another recent and important BioTelemetry, Inc. (NASDAQ:BEAT) news was published by Fool.com which published an article titled: “Is This High-Growth Company Key to Apple’s Healthcare Strategy?” on September 13, 2018.

BioTelemetry, Inc. provides cardiac monitoring, cardiac monitoring device manufacturing, and centralized cardiac core laboratory services. The company has market cap of $2.05 billion. The firm operates in three divisions: Healthcare, Research, and Technology. It currently has negative earnings. The Healthcare segment focuses on the diagnosis and monitoring of cardiac arrhythmias or heart rhythm disorders.

Investors sentiment decreased to 1.04 in Q2 2018. Its down 0.34, from 1.38 in 2018Q1. It worsened, as 12 investors sold BioTelemetry, Inc. shares while 80 reduced holdings. 39 funds opened positions while 57 raised stakes. 29.62 million shares or 0.63% more from 29.44 million shares in 2018Q1 were reported. Amer invested 0% of its portfolio in BioTelemetry, Inc. (NASDAQ:BEAT). Jpmorgan Chase And, a New York-based fund reported 58,846 shares. Riverhead Mngmt Ltd Limited Liability Company reported 3,637 shares. Metropolitan Life New York accumulated 10,738 shares. Columbia Prns L L C Mngmt invested in 40,953 shares. 800 are owned by 1832 Asset Limited Partnership. Awm Inv holds 89,189 shares. 304,721 are owned by Castleark Mgmt Llc. Oppenheimer Asset Mgmt Inc invested 0.01% of its portfolio in BioTelemetry, Inc. (NASDAQ:BEAT). Royal State Bank Of Canada reported 89,284 shares. Globeflex Limited Partnership reported 9,400 shares. Aqr Mgmt Limited Liability Company accumulated 6,069 shares or 0% of the stock. State Of Tennessee Treasury Department reported 0% stake. Signaturefd Limited Liability Co holds 0% in BioTelemetry, Inc. (NASDAQ:BEAT) or 40 shares. Glenmede Trust Na, Pennsylvania-based fund reported 965,134 shares.

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

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