Dividend Growth of Spectra Energy Partners, LP(SEP)

Spectra Energy Partners, LP(SEP) is having a Dividend Yield of 6.09% with the Annual cash Dividend per share of $2.63. The last quarter cash dividend per share pay out was $0.68. Spectra Energy Partners, LP has a 5 year average dividend yield of 5.22% and the stock has a Indicated annual dividend of $2.76. Spectra Energy Partners, LP(SEP) formally announced its most recent dividend on February 8, 2017 with a Dividend per share of $0.69. The new indicated annual dividend based on announced dividend per share is $2.76. The dividend yield based on the forward looking indicated annual dividend is 6.09%. Spectra Energy Partners, LP(SEP) has the most recent dividend payout ratio of 0.74 with a 5-year average payout ratio of 0.92. The 5 year historical dividend growth of Spectra Energy Partners, LP(SEP) is at the rate of 8.3% while the R-Squared dividend growth is 0.99. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Spectra Energy Partners, LP (NYSE:SEP) witnessed a decline in the market cap on Thursday as its shares dropped 0.4% or 0.18 points. After the session commenced at $45.25, the stock reached the higher end at $45.25 while it hit a low of $44.75. With the volume soaring to 840,389 shares, the last trade was called at $45.07. The company has a 52-week high of $50.48. The company has a market cap of $13,790 million and there are 305,960,000 shares in outstanding. The 52-week low of the share price is $40.19. Shares of Spectra Energy Partners, LP appreciated by 0.45% during the last five trading days but lost 0.75% on a 4-week basis. Spectra Energy Partners, LP is up 9.35% in the last 3-month period. Year-to-Date the stock performance stands at -0.17%.

Institutional Investors own 19.38% of Spectra Energy Partners, LP shares. During last six month period, the net percent change held by insiders has seen a change of 39.43%. Company has reported several Insider transactions to the SEC, on Nov 18, 2016, Gregory L Ebel (CEO) purchased 8,000 shares at 41.58 per share price.On Nov 16, 2016, J D Woodward (director) purchased 2,500 shares at 42.27 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Spectra Energy Partners LP was Reiterated by RBC Capital Mkts on Jan 23, 2017 to Outperform, Lowers Price Target to $ 56 from a previous price target of $58 .Spectra Energy Partners LP was Resumed by Citigroup to Neutral on Jan 18, 2017.

Spectra Energy Partners LP Last issued its quarterly earnings results on Nov 2, 2016. The company reported $0.76 EPS for the quarter, missing the analyst consensus estimate by $ -0.02. Analyst had a consensus of $0.78. The company had revenue of $628.00 million for the quarter, compared to analysts expectations of $650.53 million. The companys revenue was up 2.6% compared to the same quarter last year.

SPECTRA ENERGY PERTNERS LP is a growth oriented, Delaware master limited partnership recently formed by Spectra Energy Corp, headquartered in Houston, Texas, to own and operate natural gas transportation and storage assets. The company is one of the largest operators of natural gas pipelines and storage facilities in North America.


Share this post

Leave a Reply