Insider Buying: Gregory L. Ebel Buys 6,200 Shares of Spectra Energy Corp. Stock (SE)
Spectra Energy Corp. (NYSE:SE) CEO Gregory L. Ebel bought 6,200 shares of Spectra Energy Corp. stock on the open market in a transaction that occurred on Monday, August 18th. The shares were purchased at an average price of $40.42 per share, with a total value of $250,604.00. Following the completion of the purchase, the chief executive officer now directly owns 223,875 shares in the company, valued at approximately $9,049,028. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on SE. Analysts at Zacks reiterated a “neutral” rating on shares of Spectra Energy Corp. in a research note on Monday, August 11th. 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 analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $42.11.
Spectra Energy Corp. (NYSE:SE) traded up 1.34% on Tuesday, hitting $40.79. The stock had a trading volume of 3,059,649 shares. Spectra Energy Corp. has a 52 week low of $32.57 and a 52 week high of $43.12. The stock’s 50-day moving average is $41. and its 200-day moving average is $39.50. The company has a market cap of $27.366 billion and a price-to-earnings ratio of 25.35.
Spectra Energy Corp. (NYSE:SE) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.22 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.30 earnings per share. Spectra Energy Corp.’s revenue was up 2.7% compared to the same quarter last year. On average, analysts predict that Spectra Energy Corp. will post $1.51 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 9th. Investors of record on Tuesday, August 12th will be paid a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Friday, August 8th.
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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