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

Emera Incorporated (TSE:EMA) announced 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 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date of this dividend is Friday, January 31st.

Emera Trading Down 0.7 %

Shares of Emera stock opened at C$55.00 on Wednesday. The firm’s fifty day moving average is C$53.67. Emera has a 12-month low of C$44.13 and a 12-month high of C$56.20. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 155.62. The stock has a market cap of C$15.86 billion, a P/E ratio of 21.40, a P/E/G ratio of 6.20 and a beta of 0.35.

Emera (TSE:EMA) last released its earnings results on Friday, November 8th. The company reported C$0.81 EPS for the quarter, beating analysts’ consensus estimates 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 predict that Emera will post 3.1991627 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EMA. Royal Bank of Canada upped their price objective on shares of Emera from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. National Bankshares raised their price objective on shares of Emera from C$54.00 to C$55.00 in a research note on Thursday, December 5th. Scotiabank upped their price target on Emera from C$55.00 to C$60.00 in a report on Thursday, December 5th. Cibc World Mkts upgraded shares of Emera from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Finally, BMO Capital Markets upped their price target on shares of Emera from C$54.00 to C$58.00 in a research report on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Emera presently has a consensus 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.