Spectra Energy Corp. Announces Quarterly Dividend of $0.34 (SE)
Spectra Energy Corp. (NYSE:SE) announced a quarterly dividend on Tuesday, July 15th, AnalystRatingsNetwork.com reports. Investors of record on Tuesday, August 12th will be paid a dividend of 0.335 per share on Tuesday, September 9th. This represents a $1.34 annualized dividend and a dividend yield of 3.13%.
A number of analysts have recently weighed in on SE shares. Analysts at Argus raised their price target on shares of Spectra Energy Corp. from $41.00 to $45.00 in a research note on Monday, June 16th. They now have a “buy” rating on the stock. On a related note, analysts at Jefferies Group raised their price target on shares of Spectra Energy Corp. from $36.00 to $38.00 in a research note on Thursday, June 5th. They now have a “hold” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Spectra Energy Corp. in a research note on Thursday, May 15th. They now have a $42.00 price target on the stock. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Spectra Energy Corp. presently has a consensus rating of “Hold” and an average target price of $42.67.
Shares of Spectra Energy Corp. (NYSE:SE) traded down 0.82% on Tuesday, hitting $42.4094. 255,565 shares of the company’s stock traded hands. Spectra Energy Corp. has a 1-year low of $32.57 and a 1-year high of $42.91. The stock’s 50-day moving average is $41.75 and its 200-day moving average is $38.41. The company has a market cap of $28.443 billion and a P/E ratio of 25.76.
Spectra Energy Corp. (NYSE:SE) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by $0.04. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, analysts predict that Spectra Energy Corp. will post $1.56 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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