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

Emera Incorporated (TSE:EMA) declared a quarterly dividend on Thursday, October 3rd, Zacks reports. Stockholders of record on Thursday, November 14th will be paid a dividend of 0.725 per share on Thursday, November 14th. This represents a $2.90 annualized dividend and a dividend yield of 5.44%. The ex-dividend date of this dividend is Thursday, October 3rd. This is a positive change from Emera’s previous quarterly dividend of $0.72.

Emera Stock Down 0.7 %

Shares of EMA stock opened at C$53.29 on Tuesday. Emera has a twelve month low of C$43.67 and a twelve month high of C$53.83. The stock has a market cap of C$15.37 billion, a P/E ratio of 20.74, a P/E/G ratio of 2.77 and a beta of 0.34. The stock has a 50 day moving average of C$50.69 and a 200 day moving average of C$48.35. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 155.62.

Emera (TSE:EMA) last posted its earnings results 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 firm had revenue of C$1.62 billion during the quarter, compared to analyst estimates of C$1.67 billion. Emera had a net margin of 10.83% and a return on equity of 6.60%. As a group, sell-side analysts expect that Emera will post 3.1690821 EPS for the current year.

Wall Street Analyst Weigh In

EMA has been the topic of several research analyst reports. Raymond James raised their price objective on Emera from C$54.00 to C$57.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Bank of America set a C$55.00 price target on shares of Emera and gave the stock a “neutral” rating in a report on Friday, September 20th. CIBC dropped their target price 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. National Bankshares upped their price target on shares of Emera from C$49.00 to C$54.00 and gave the stock a “sector perform” rating in a research report on Friday, August 23rd. Finally, Royal Bank of Canada lowered their price objective on Emera from C$60.00 to C$57.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Emera has a consensus rating of “Hold” and an average target price of C$51.80.

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.