Enbridge and Spectra Energy Obtain FTC Clearance for their Proposed Combination

Analysts expected revenue of $690.66 million for the quarter. Stockholders of record on Tuesday, February 7th will be given a dividend of 0.583 per share on Tuesday, February 14th. The stock has a 50 day moving average price of $22.80 and a 200 day moving average price of $23.93. Enbridge Energy Partners, L.P. stock trades in the range of $18.18 to $18.44 before the earnings release. According to 10 analysts, Price Target for Spectra Energy Corp. The company has a market cap of $13,790 million and there are 305,960,000 shares in outstanding. The company reported $0.76 EPS for the quarter, missing the analyst consensus estimate by $ -0.02.

The US$1.5-billion deal was expected to close a year ago before protests escalated and brought the project into doubt, but the election of U.S. President Donald Trump has helped clear regulatory hurdles for the project. Enbridge Energy, L.P.'s revenue was up 10.0% compared to the same quarter past year.

Several equities analysts recently commented on the stock.

The buoyancy in the outlook of Enbridge Energy Partners, L.P. (EEP) is getting weaker by the somewhat negative sentiment (2.60 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Outperform.

At the movement MPLX LP (NYSE:MPLX) is under coverage by number of analysts. RBC Capital Markets reiterated a "hold" rating and set a $24.00 target price on shares of Enbridge Energy Management in a research note on Friday, January 6th. Mizuho downgraded shares of Enbridge Energy, L.P. from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $29.00 to $22.00 in a report on Monday, January 30th. If you are reading this article on another site, it was illegally copied and reposted in violation of US and global copyright & trademark laws. This represents a $2.33 annualized dividend and a dividend yield of 12.16%. The legal version of this article can be read at https://www.thecerbatgem.com/2017/02/17/enbridge-energy-l-p-eep-announces-quarterly-earnings-results-beats-expectations-by-0-03-eps.html. The ex-dividend date of this dividend is Friday, February 3rd.

Shares of Enbridge Energy, L.P. 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. NEXT Financial Group Inc boosted its position in shares of Enbridge Energy, L.P.by 201.8% in the third quarter. In the last month the stock has moved in price -26.07%, with a one year change of 28.06%. Enbridge operates the world's longest crude oil and liquids transportation system across Canada and the US, and has a significant and growing involvement in natural gas gathering, transmission and midstream business, as well as an increasing involvement in power transmission.

The merger was announced in September 2016.Enbridge's pipelines mainly send Canadian crude from oil sands to refiners on the U.S. Gulf Coast, while Spectra's network ships natural gas to the U.S. East Coast.

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