Spectra Energy Corp Common Stoc (NYSE:SE):
Spectra Energy Announces Quarterly Dividend of $0.405 per Share.
The company is down by -1.29 percent from yesterday’s close.
Additionally the company recently announced a dividend that will be paid on Tuesday the 6th of December 2016. The dividend payment will be $0.405 per share for the quarter which is $1.62 annualized. This dividend represents a yield of $3.84. The ex-dividend date will be on Wednesday the 10th of August 2016.
Company chares are trading at $42.17 a tad under the 50 day moving average of $42.31 and a bit higher than the 200 day moving average of $36.27. The 50 day moving average moved down $-0.14 and the 200 day average went up by +16.26%.
The company’s P/E ratio is 97.39 and market cap is 29.57B. As of the last earnings report the EPS was $0.43 and is projected to be $1.17 for the current year with 701,100,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.34 and the next full year EPS is anticipated to be $1.43.
Several investment analysts have weighed in on SE recently. On October 10 Deutsche Bank kept the stock rating at “Hold” and moved up the price target from $32.00 to $42.00. On September 26, 2016 the stock rating was rated “Hold” according to a Argus Research report which was a cut from the previous “Buy” rating.
On September 12 the stock rating was downgraded to “Neutral” from “Outperformer” with a current price target of $44.00 by analysts at Goldman Sachs. On September 12 the company was downgraded from “Buy” to “Neutral” in a report from UBS.
On September 8 the stock rating was upgraded to “Sector Outperformer” from “Outperform” in a report issued by CIBC. On September 8 the company was set at “Outperformer” in a report from Goldman Sachs which is down from the previous “Buy” rating.