Spectra Energy Corp. (NYSE:SE), saw five Directors increase their position with the company. Directors Michael G. Morris, Clarence P. Cazalot Jr., Anthony F. Comper, Peter B. Hamilton, and Michael McShane all acquired 2,827 shares of common stock at an average price of $42.45 per share. Following these transactions, Morris directly has 6,287 shares in the company; Cazalot directly holds 4,818 shares; Comper directly has 30,331 shares; Hamilton is directly holding 31,374 shares, while McShane directly holds 25,257 shares in Spectra Energy Corp. (NYSE:SE), the $28.38 billion market cap natural gas infrastructure company.
In addition, two major hedge funds have shown a change in activity with the company. Alec Litowitz And Ross Laser‘s Magnetar Capital reported a 7% decrease in it’s exposure to Spectra Energy Corp. (NYSE:SE), now holding 3,465,991 shares worth about $128 million; while Adage Capital Management, the hedge fund run by Phill Gross And Robert Atchinson rose it’s stake in the company by 102% over the last quarter, and now holds 1,033,064 shares worth approximately $38 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.