Emera Incorporated Plans Quarterly Dividend of $0.73 (TSE:EMA)

Emera Incorporated (TSE:EMA) declared a quarterly dividend on Thursday, May 1st, RTT News reports. Shareholders of record on Thursday, May 1st will be paid a dividend of 0.725 per share on Thursday, May 15th. This represents a $2.90 annualized dividend and a yield of 4.75%. The ex-dividend date of this dividend is Thursday, May 1st.

Emera Price Performance

Shares of TSE:EMA opened at C$61.08 on Tuesday. The company has a market cap of C$17.91 billion, a P/E ratio of 23.67, a P/E/G ratio of 6.20 and a beta of 0.35. The business has a fifty day simple moving average of C$59.32 and a 200-day simple moving average of C$55.47. Emera has a 52 week low of C$44.13 and a 52 week high of C$63.13. The company has a quick ratio of 0.23, a current ratio of 0.72 and a debt-to-equity ratio of 150.23.

Analysts Set New Price Targets

A number of research firms have recently commented on EMA. Royal Bank of Canada upped their price objective on shares of Emera from C$60.00 to C$63.00 in a research note on Monday, February 24th. Raymond James cut their price target on shares of Emera from C$64.00 to C$59.00 and set an “outperform” rating on the stock in a research note on Thursday, April 17th. Scotiabank upped their price objective on Emera from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. UBS Group lifted their target price on Emera from C$54.00 to C$59.00 in a report on Friday, March 21st. Finally, BMO Capital Markets lifted their target price on shares of Emera from C$58.00 to C$60.00 in a report on Monday, February 24th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$58.64.

About Emera

Emera Incorporated, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.