Spectra Energy Corp. (SE) Announces Quarterly Dividend of $0.34
Spectra Energy Corp. (NYSE:SE) declared a quarterly dividend on Tuesday, April 15th, American Banking & Market News reports. Investors of record on Friday, May 9th will be given a dividend of 0.335 per share on Tuesday, June 10th. This represents a $1.34 dividend on an annualized basis and a yield of 3.49%.
A number of research firms have recently commented on SE. Analysts at Citigroup Inc. raised their price target on shares of Spectra Energy Corp. from $45.00 to $47.00 in a research note on Friday, March 28th. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Spectra Energy Corp. in a research note on Thursday, February 13th. They now have a $39.00 price target on the stock. Finally, analysts at Argus raised their price target on shares of Spectra Energy Corp. from $38.00 to $41.00 in a research note on Tuesday, February 11th. They now have a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $39.20.
Spectra Energy Corp. (NYSE:SE) opened at 38.33 on Tuesday. Spectra Energy Corp. has a 52 week low of $29.62 and a 52 week high of $38.41. The stock has a 50-day moving average of $37.18 and a 200-day moving average of $35.49. The company has a market cap of $25.688 billion and a price-to-earnings ratio of 24.73.
Spectra Energy Corp. (NYSE:SE) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.03. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 16.2% on a year-over-year basis. On average, analysts predict that Spectra Energy Corp. will post $1.53 earnings per share for the current fiscal year.
Spectra Energy Corp (NYSE:SE) through its subsidiaries and equity affiliates, owns and operates a portfolio of complementary natural gas-related energy assets and is a natural gas infrastructure company.
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