3 More FTSE 100 Shares Trading Near 52-Week Highs: J Sainsbury plc, Wm. Morrison Supermarkets plc And Centrica PLC

J Sainsbury plc (LON:SBRY) and Wm. Morrison Supermarkets plc (LON:MRW) and Centrica PLC (LON:CNA) are all trading within 4% of a high for the last year.

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J Sainsbury

J Sainsbury (LSE: SBRY)(NASDAQOTH: JSAIY.US) continues to grow, capturing market share from its rivals, particularly Tesco.

The shares are up 14% so far in 2013 and are 20% ahead of where they were 12 months ago.

The most recent trading statement from the company revealed a 34th quarter of successive growth. Market share was reported as 16.8% higher.

Earnings per share (EPS) is expected to increase 5.4% this year. The dividend is expected to rise 3.6%. If Sainsbury’s can meet these forecasts, then the shares are priced at 12.4 times profits and come with an expected yield of 4.4%.

More growth is expected next year, pushing the P/E to 11.6 and a forecast dividend yield of 4.6%. That leaves the shares looking fairly priced to me.

Wm. Morrison Supermarkets

While Sainsbury has been increasing market share recently, Wm. Morrison Supermarkets (LSE: MRW) has been losing out. The company has taken steps to address this, launching an online venture with Ocado and purchasing sites for a convenience offering. The share price rises suggests that they are gaining investors’ confidence.

Morrison shares are up 11% so far in 2013. Most of that rise has been delivered in the last three months.

The shares today remain at a discount to the rest of the market. Morrison’s trades at 11.1 times last year’s profit. A small decline in earnings is expected this year. The dividend is forecast to increase to give a 4.3% yield. If the new initiatives can turnaround the company’s trading then I would expect the shares to continue heading higher.

Centrica

Shares in utility giant Centrica (LSE: CNA)(NASDAQOTH: CPYYY.US) are 19% ahead in 2013 and today stand at an all-time high.

Analyst profit exepectations have been steadily rising since June. The improved sentiment has produced a double-digit share price rise inside three months.

Analysts are today expecting an 8.2% earnings increase this year, accompanied by a 5.7% dividend increase. The shares are today trading at 14.1 times this profit forecast and come with the prospect of a 4.4% yield. Further growth is expected next year, pushing the P/E to 13.3 and the yield to 4.6%.

Our team of analysts believe that they have identified an even better income share available today. They have prepared an in-depth report, outlining what makes the company “The Motley Fool’s Top Income Share Today”. Their report is totally free and you can start reading today by clicking here.

> David does not own shares in any of the above companies. The Motley Fool has recommended shares in Morrisons.

Should you invest, the value of your investment may rise or fall and your capital is at risk. Before investing, your individual circumstances should be assessed. Consider taking independent financial advice.

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