Stocks with Forward P/E Indicating Bullish Trend: $FTS $SRE $PH

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Fortis speaks out on the rights offering

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The forward P/E of Fortis Inc. (NYSE:FTS) stands at a value of 15.33, which happens to be a figure above its current P/E of 23.17. Based on these figures, analysts project an increase in earnings in the future.

The company has spoken about the rights offering, in which case its subsidiary known as Fortis Energy will provide the standby commitment. Sources indicate that CUC will provide 10% of Shares, which include both the currently issued and outstanding Class A. The Rights Offering gives FEBL some rights which should be exercised. FEBL is comfortable about paying US$14.24 per CUC Share for a minimum of 1,946,032 CUC Shares.

The customary terms and conditions are going to dictate quite a lot, part of that being the acquisition of up to 1,413,330 shares in addition at a similar price.

Sempra Energy gives Molina a top seat

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Sempra Energy (NYSE:SRE) played at a 15.34 forward P/E, a figure analysts say is below the company's current P/E standing at 17.73. This performance implies high chances of the company's earnings escalating in future.

Sempra Energy has a new vice president of investor relations after Manuela "Nelly" Molina took up the position. This official has been serving in the company's Mexico subsidiary as a chief financial officer. Molina will be stepping in the shoes of Faisel Khan, who will move to head the serve the company as the chief financial officer.

Parker-Hannifin speaks out on new dividends

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The forward P/E of Parker-Hannifin Corp. (NYSE:PH) stands at 15.91, which is lower than the current P/E of 20. This implies that there are high chances of the earnings scaling higher in future.

The company has today disclosed information about the dividends to be received by the shareholder. It mentions a rate of 88 cents per share which will be payable as of September 11, 2020.The new move introduces the company's 281st consecutive quarterly dividend.

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