Spectra Energy Corp. (SE) Given Consensus Rating of “Hold” by Analysts
Shares of Spectra Energy Corp. (NYSE:SE) have been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the company. Eight analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $43.49.
Separately, Zacks Investment Research downgraded Spectra Energy Corp. from a “buy” rating to a “hold” rating in a report on Monday, February 20th.
Shares of Spectra Energy Corp. (NYSE:SE) remained flat at $40.68 during trading on Tuesday. The company has a 50-day moving average of $40.68 and a 200-day moving average of $41.17. Spectra Energy Corp. has a 52 week low of $30.17 and a 52 week high of $44.00.
Spectra Energy Corp. (NYSE:SE) last announced its earnings results on Friday, February 17th. The pipeline company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by $0.01. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Spectra Energy Corp. had a net margin of 6.38% and a return on equity of 7.67%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.28 earnings per share. On average, analysts predict that Spectra Energy Corp. will post $1.41 EPS for the current year.
Large investors have recently modified their holdings of the stock. Teachers Advisors LLC raised its stake in shares of Spectra Energy Corp. by 4.9% in the fourth quarter. Teachers Advisors LLC now owns 1,146,156 shares of the pipeline company’s stock worth $47,096,000 after buying an additional 53,780 shares during the period. Wealthfront Inc. raised its stake in shares of Spectra Energy Corp. by 1.7% in the fourth quarter. Wealthfront Inc. now owns 17,822 shares of the pipeline company’s stock worth $732,000 after buying an additional 297 shares during the period. Macquarie Group Ltd. raised its stake in shares of Spectra Energy Corp. by 2.6% in the fourth quarter. Macquarie Group Ltd. now owns 1,455,393 shares of the pipeline company’s stock worth $59,801,000 after buying an additional 36,736 shares during the period. FMR LLC raised its stake in shares of Spectra Energy Corp. by 1.3% in the fourth quarter. FMR LLC now owns 515,139 shares of the pipeline company’s stock worth $21,167,000 after buying an additional 6,731 shares during the period. Finally, Kentucky Retirement Systems acquired a new stake in shares of Spectra Energy Corp. during the fourth quarter worth $2,092,000. Hedge funds and other institutional investors own 68.67% of the company’s stock.
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About Spectra Energy Corp.
Spectra Energy Corp is a natural gas infrastructure company. The Company owns and operates natural gas-related energy assets and a crude oil pipeline system connecting Canadian and the United States producers to refineries. It conducts its business in four segments: Spectra Energy Partners, Distribution, Western Canada Transmission & Processing and Field Services.
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