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

Emera Incorporated (TSE:EMA) announced a quarterly dividend on Friday, January 31st,TickerTech Dividends reports. Shareholders 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 yield of 5.27%. The ex-dividend date is Friday, January 31st.

Emera Stock Down 0.7 %

EMA stock opened at C$55.00 on Wednesday. The stock’s fifty day simple moving average is C$53.67. The company has a debt-to-equity ratio of 155.62, a quick ratio of 0.23 and a current ratio of 0.79. The firm has a market capitalization of C$15.86 billion, a PE ratio of 21.40, a price-to-earnings-growth 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.

Emera (TSE:EMA) last posted its earnings results on Friday, November 8th. The company reported C$0.81 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts anticipate that Emera will post 3.1991627 EPS for the current year.

Wall Street Analysts Forecast Growth

EMA has been the subject of several recent analyst reports. National Bankshares lifted their price objective on Emera from C$54.00 to C$55.00 in a research note on Thursday, December 5th. Wells Fargo & Company lifted their price objective on Emera from C$51.00 to C$56.00 in a research note on Monday, December 9th. Scotiabank lifted their price objective on Emera from C$55.00 to C$60.00 in a research note on Thursday, December 5th. CIBC raised Emera from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from C$54.00 to C$58.00 in a research note on Monday, December 2nd. Finally, BMO Capital Markets boosted their target price on Emera from C$54.00 to C$58.00 in a research note on Thursday, December 5th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$57.10.

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.