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

Emera Incorporated (TSE:EMA) declared a quarterly dividend on Friday, January 31st,TickerTech Dividends reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.725 per share on Friday, February 14th. This represents a $2.90 annualized dividend and a dividend yield of 5.27%. The ex-dividend date is Friday, January 31st.

Emera Stock Up 0.1 %

EMA stock opened at C$55.05 on Wednesday. The business has a 50-day moving average price of C$53.67. The firm has a market cap of C$15.88 billion, a PE ratio of 21.42, a PEG ratio of 6.20 and a beta of 0.35. The company has a debt-to-equity ratio of 155.62, a quick ratio of 0.23 and a current ratio of 0.79. Emera has a fifty-two week low of C$44.13 and a fifty-two week high of C$56.20.

Emera (TSE:EMA) last released its earnings results on Friday, November 8th. The company reported C$0.81 EPS for the quarter, beating the consensus estimate of C$0.77 by C$0.04. Emera had a net margin of 10.83% and a return on equity of 6.60%. Equities analysts forecast that Emera will post 3.1991627 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EMA. JPMorgan Chase & Co. raised Emera from an “underperform” rating to a “neutral” rating and increased their price target for the company from C$51.00 to C$56.00 in a research note on Thursday, December 12th. CIBC raised Emera from a “neutral” rating to an “outperform” rating and upped their price target for the company from C$54.00 to C$58.00 in a report on Monday, December 2nd. BMO Capital Markets upped their price objective on shares of Emera from C$54.00 to C$58.00 in a research note on Thursday, December 5th. Bank of America upgraded Emera from a “neutral” rating to a “buy” rating and increased their target price for the company from C$55.00 to C$57.00 in a report on Monday, November 25th. Finally, Cibc World Mkts upgraded shares of Emera from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$57.10.

Emera Company Profile

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.