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

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

Emera Stock Down 0.7 %

Shares of EMA stock opened at C$55.00 on Wednesday. The firm has a market cap of C$15.86 billion, a PE ratio of 21.40, a PEG ratio of 6.20 and a beta of 0.35. Emera has a 52-week low of C$44.13 and a 52-week high of C$56.20. The firm has a 50-day moving average of C$53.67. The company has a debt-to-equity ratio of 155.62, a current ratio of 0.79 and a quick ratio of 0.23.

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on EMA. National Bankshares boosted their target price on Emera from C$54.00 to C$55.00 in a research report on Thursday, December 5th. BMO Capital Markets boosted their target price on Emera from C$54.00 to C$58.00 in a research report on Thursday, December 5th. CIBC upgraded Emera from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from C$54.00 to C$58.00 in a research report on Monday, December 2nd. Cibc World Mkts upgraded Emera from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, Scotiabank boosted their target price on Emera from C$55.00 to C$60.00 in a research report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.