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Stock Update: Spectra Energy Corp (NYSE:SE) – Spectra Energy Selects 2016 Scholarship Recipients

[PR Newswire] – HOUSTON, May 16, 2016 /PRNewswire/ — Spectra Energy Corp (SE) today announced that 10 children of company employees have been selected to receive up to $5,000 per year in scholarship funds toward undergraduate study at an accredited college or university in the U.S. or Canada. “Spectra Energy is proud to continue our 50-plus year tradition of offering a scholarship program for the children of our employees. Recipients under the Spectra Energy Scholars Program are graduating high school/secondary school seniors and are chosen annually by an independent committee of judges. Read more on this. Spectra Energy Corp. (SE) , with a current market cap of $22.02B, started trading this morning at $31.18. Looking at today’s market, SE one day range is $31.14 to $31.51 with a trailing 52-week range being $21.43 to $36.56. SE shares are currently priced at 25.62x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.56x earnings multiple for the same period. The company pays shareholders $1.62 per share in dividend income per year, for a current yield of 5.25%. According to a consensus of 6 analysts, the earnings estimate of $0.25 per share would be $0.02 better than the year-ago quarter and a $0.02 sequential increase. The full-year EPS estimate is $1.21 which would be a $0.06 better than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.23 Billion. If realized, that would be a 3.36% increase over the year-ago quarter. In terms of ratings, Raymond James upgraded SE from Outperform to Strong Buy (Jan 4, 2016). Previously, Wells Fargo Initiated SE at to Market Perform. When considering if perhaps the stock is under or overvalued, the average price target is $32.93, which is 5.61% above where the stock opened this morning. See more in (NYSE:SE) Similar Articles: Company Update: Spectra Energy Corp (NYSE:SE) – Spectra Energy and Spectra Energy Partners Schedule First Quarter 2016 Earnings Conference Call Company Update: Spectra Energy Corp (NYSE:SE) – Spectra Energy to Sell Empress NGL Business to Plains Midstream Canada Stock Update: Spectra Energy Corp (NYSE:SE) – Spectra Energy CEO Greg Ebel to Speak at Credit Suisse 21st Annual Energy Summit
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