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

Emera Incorporated (TSE:EMA) announced a quarterly dividend on Friday, October 11th, Zacks reports. Investors of record on Friday, November 1st will be paid a dividend of 0.725 per share on Friday, November 15th. This represents a $2.90 dividend on an annualized basis and a yield of 5.58%. The ex-dividend date of this dividend is Friday, November 1st.

Emera Stock Up 0.4 %

Shares of Emera stock opened at C$52.01 on Thursday. Emera has a 12-month low of C$44.13 and a 12-month high of C$54.19. The firm has a market capitalization of C$15.00 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 155.62. The stock’s fifty day moving average is C$51.94 and its 200-day moving average is C$49.02.

Emera (TSE:EMA) last announced its quarterly earnings data on Friday, August 9th. The company reported C$0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.56 by C($0.03). The business had revenue of C$1.62 billion during the quarter, compared to analysts’ expectations of C$1.67 billion. Emera had a return on equity of 6.60% and a net margin of 10.83%. Equities analysts anticipate that Emera will post 3.1991627 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on EMA shares. Raymond James lifted their target price on shares of Emera from C$54.00 to C$57.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. CIBC cut their price objective on shares of Emera from C$51.00 to C$50.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Scotiabank upped their price objective on shares of Emera from C$52.00 to C$55.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. Bank of America set a C$55.00 target price on Emera and gave the company a “neutral” rating in a report on Friday, September 20th. Finally, National Bankshares upped their price target on Emera from C$49.00 to C$54.00 and gave the stock a “sector perform” rating in a research note on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$52.10.

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.