Spectra Energy Partners, LP (NYSE:SEP), saw two insiders increase their holdings with the company today. Directors Fred J. Fowler and Nora Mead Brownell both acquired 1,447 shares of common stock at an average price of $55.29 per share. Following these transactions, Fowler now has 24,622 shares directly invested in the company, while Brownell directly holds 21,905 shares.
A $16.46 billion market cap company, Spectra Energy Partners, LP (NYSE:SEP) is engaged in the transportation and gathering of natural gas through interstate pipeline systems with over 3,200 miles of pipelines that serve the southeastern quadrant of the United States and the storage of natural gas in underground facilities with aggregate working gas storage capacity of approximately 57 billion cubic feet that are located in southeast Texas, south central Louisiana and southwest Virginia.
As well, Billionaire Jim Simons‘ Renaissance Technologies hedge fund holds stock in the company. After raising its activity by 33% last quarter, it now holds 158,342 shares worth nearly $8.5 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.