Spectra Energy The natural gas company reported last week fourth-quarter earnings of $289 million, or 44 cents a share, a decreased from earnings last year of $320 million, or 49 cents. "Management reiterated its 2012 EPS guidance of $1.90, slightly below the consensus estimate of $1.91 and BofAML estimate of $1.95," Bank of America Merrill Lynch analysts wrote in a report on Feb. 2. "2012 EPS guidance is supported by $125mn of increment EBIT from expansion projects in UST and WCTP segments. We expect incremental equity earnings at Field services of $106mn, broadly in-line with guidance. SE also reiterated plans to invest $1.3bn of expansion capital in 2012, which does not include $4bn of growth capex in 2012/13 from SE's 50/50 joint venture (JV) with ConocoPhillips (COP) at Field Services." Forward Annual Dividend Yield: 3.7% Rated "B+ (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin decreased greatly from the previous year. In the fourth quarter, stockholders' net worth increased 13.47% from the prior year. TheStreet Ratings' price target is $39.04. The stock closed Monday at $30.75. The stock is flat year to date.