Spectra Energy Corp. VP Allen C. Capps Unloads 7,500 Shares (SE)
Spectra Energy Corp. (NYSE:SE) VP Allen C. Capps sold 7,500 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $40.06, for a total value of $300,450.00. Following the completion of the sale, the vice president now directly owns 3,341 shares of the company’s stock, valued at approximately $133,840. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Spectra Energy Corp. (NYSE:SE) traded up 0.15% during mid-day trading on Wednesday, hitting $40.03. 2,577,858 shares of the company’s stock traded hands. Spectra Energy Corp. has a one year low of $32.57 and a one year high of $43.12. The stock’s 50-day moving average is $41.92 and its 200-day moving average is $39.36. The company has a market cap of $26.856 billion and a price-to-earnings ratio of 25.17.
Spectra Energy Corp. (NYSE:SE) last released its earnings data on Wednesday, August 6th. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.30 by $0.08. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Analysts expect that Spectra Energy Corp. will post $1.51 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 9th. Stockholders of record on Tuesday, August 12th will be paid a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Friday, August 8th.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Spectra Energy Corp. in a research note on Monday. They now have a $42.00 price target on the stock. Separately, analysts at Scotia Bank reiterated a “sector perform” rating on shares of Spectra Energy Corp. in a research note on Friday, August 8th. They now have a $42.00 price target on the stock, up previously from $41.00. Finally, 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. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Spectra Energy Corp. has a consensus rating of “Hold” and a consensus price target of $42.11.
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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