Spectra Energy Partners, LP Announces Quarterly Dividend of $0.50 (SEP)
Spectra Energy Partners, LP (NYSE:SEP) declared a quarterly dividend on Monday, January 28th. Stockholders of record on Thursday, February 7th will be given a dividend of $0.50 per share on Thursday, February 14th. This represents a $1.98 dividend on an annualized basis and a yield of 5.84%.
Several analysts have also recently commented on the stock. Analysts at Barclays Capital raised their price target on shares of Spectra Energy Partners, LP from $31.00 to $36.00 in a research note to investors on Tuesday, January 22nd. They now have an “equal weight” rating on the stock. On a related note, analysts at Deutsche Bank raised their price target on shares of Spectra Energy Partners, LP from $33.00 to $35.00 in a research note to investors on Friday, January 11th. They now have a “hold” rating on the stock. Finally, analysts at Credit Suisse downgraded shares of Spectra Energy Partners, LP from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 9th. They now have a $34.00 price target on the stock.
Spectra Energy Partners, LP (SEP) traded down 0.21% on Monday, hitting $33.98. Spectra Energy Partners, LP (SEP) has a 52-week low of $27.15 and a 52-week high of $34.70. The stock’s 50-day moving average is currently $31.78. The company has a market cap of $3.274 billion and a price-to-earnings ratio of 20.38.
Spectra Energy Partners, LP last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.09. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. Analysts expect that Spectra Energy Partners, LP (SEP) will post $1.67 EPS for the current fiscal year.
Spectra Energy Partners, LP (Spectra Energy Partners), through its subsidiaries, is engaged in the transportation and gathering of natural gas through interstate pipeline systems.
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