Spectra Energy Corp (NYSE:SE) is expected to pay $0.41 on Dec 6, 2016. The indicated annual dividend is $1.62. Shareholders owning the stock before Nov 8, 2016 will be eligible to receive the payout. Based on Spectra Energy Corp’s current price of $40.03, the dividend is 1.01%. This dividend’s record date is Nov 11, 2016 and the announcement date is Oct 20, 2016. The stock increased 0.50% or $0.2 on November 4, hitting $40.03. Spectra Energy Corp. (NYSE:SE) has risen 38.51% since April 5, 2016 and is uptrending. It has outperformed by 36.56% the S&P500.
Spectra Energy Corp is a natural gas infrastructure company. The company has a market cap of $27.10 billion. The Firm owns and operates natural gas-related energy assets and a crude oil pipeline system connecting Canadian and the United States producers to refineries. It has a 93.92 P/E ratio. It conducts its business in four divisions: Spectra Energy Partners, Distribution, Western Canada Transmission & Processing and Field Services.
Insitutional Activity: The institutional sentiment increased to 1.49 in 2016 Q2. Its up 0.26, from 1.23 in 2016Q1. The ratio improved, as 55 funds sold all Spectra Energy Corp. shares owned while 198 reduced positions. 76 funds bought stakes while 300 increased positions. They now own 468.27 million shares or 0.21% less from 469.25 million shares in 2016Q1.
Etrade Management last reported 16,519 shares in the company. Lba Wealth Management Limited holds 0% or 175 shares in its portfolio. Natl Bank Of Stockton reported 12,322 shares or 0.24% of all its holdings. Tokio Marine Asset Mgmt Co holds 23,839 shares or 0.09% of its portfolio. Moore Mgmt Limited Partnership has invested 0.02% of its portfolio in Spectra Energy Corp. (NYSE:SE). Pinnacle Limited holds 0.07% or 88,755 shares in its portfolio. Stadion Money Management Ltd Co, a Georgia-based fund reported 55,648 shares. Iowa Retail Bank has invested 0.05% of its portfolio in Spectra Energy Corp. (NYSE:SE). Td Asset Mngmt Incorporated has 0.14% invested in the company for 2.12M shares. Moreover, Tocqueville Asset Mngmt Lp has 0.01% invested in Spectra Energy Corp. (NYSE:SE) for 12,640 shares. Cordasco Fincl accumulated 0.04% or 1,076 shares. Bnp Paribas Invest Prtnrs Sa owns 166,232 shares or 0.05% of their US portfolio. Karpas Strategies Ltd Liability holds 13,800 shares or 0.25% of its portfolio. Barnett And Company holds 0.01% or 400 shares in its portfolio. Paradigm Asset Mngmt Limited Liability Com owns 6,750 shares or 0% of their US portfolio.
Spectra Energy Corp. (NYSE:SE) Ratings Coverage
Out of 13 analysts covering Spectra Energy Corp. (NYSE:SE), 3 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 23% are positive. Spectra Energy Corp. has been the topic of 23 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was initiated by RBC Capital Markets with “Outperform” on Monday, June 27. Simmons & Co downgraded Spectra Energy Corp. (NYSE:SE) on Wednesday, September 7 to “Neutral” rating. Raymond James upgraded the stock to “Strong Buy” rating in Monday, January 4 report. UBS upgraded Spectra Energy Corp. (NYSE:SE) on Wednesday, August 26 to “Neutral” rating. Deutsche Bank maintained the stock with “Hold” rating in Monday, October 10 report. On Saturday, August 8 the stock rating was upgraded by Howard Weil to “Sector Perform”. The stock has “Buy” rating given by Argus Research on Tuesday, November 24. The rating was downgraded by UBS on Monday, September 12 to “Neutral”. The rating was downgraded by Argus Research to “Hold” on Monday, September 26. On Wednesday, September 7 the stock rating was downgraded by Piper Jaffray to “Neutral”.
More important recent Spectra Energy Corp. (NYSE:SE) news were published by: Forbes.com which released: “Spectra Energy (SE) Shares Enter Oversold Territory” on November 03, 2016, also Forbes.com published article titled: “Spectra Energy (SE) Shares Cross 4% Yield Mark”, Forbes.com published: “Ex-Dividend Reminder: Helmerich & Payne, Spectra Energy and Viper Energy Partners” on November 04, 2016. More interesting news about Spectra Energy Corp. (NYSE:SE) was released by: Prnewswire.com and their article: “Spectra Energy Announces Quarterly Dividend of $0.405 per Share” with publication date: October 19, 2016.
SE Company Profile
Spectra Energy Corp, incorporated on July 28, 2006, is a natural gas infrastructure company. The Firm owns and operates natural gas-related energy assets and a crude oil pipeline system that connects Canadian and the United States producers to refineries in the United States Rocky Mountain and Midwest regions. The Firm operates in over three areas of the natural gas industry: gathering and processing, transmission and storage, and distribution. The Firm conducts its business in four divisions: Spectra Energy Partners, Distribution, Western Canada Transmission & Processing and Field Services.
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