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

Emera Incorporated (TSE:EMA) announced a quarterly dividend on Friday, January 31st,TickerTech Dividends reports. Stockholders 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 dividend yield of 5.26%. The ex-dividend date of this dividend is Friday, January 31st.

Emera Trading Up 0.3 %

Shares of Emera stock traded up C$0.14 on Wednesday, reaching C$55.14. 33,239 shares of the stock were exchanged, compared to its average volume of 1,446,629. The company has a debt-to-equity ratio of 155.62, a current ratio of 0.79 and a quick ratio of 0.23. The firm has a market capitalization of C$15.90 billion, a price-to-earnings ratio of 21.46, a PEG ratio of 6.20 and a beta of 0.35. Emera has a 1-year low of C$44.13 and a 1-year high of C$56.20. The stock’s fifty day simple moving average is C$53.67.

Emera (TSE:EMA) last issued its earnings results on Friday, November 8th. The company reported C$0.81 earnings per share (EPS) for the quarter, topping 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%. Research analysts expect that Emera will post 3.1991627 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on EMA shares. Wells Fargo & Company boosted their target price on shares of Emera from C$51.00 to C$56.00 in a research report on Monday, December 9th. Scotiabank boosted their price objective on shares of Emera from C$55.00 to C$60.00 in a report on Thursday, December 5th. National Bankshares increased their target price on shares of Emera from C$54.00 to C$55.00 in a report on Thursday, December 5th. Bank of America raised Emera from a “neutral” rating to a “buy” rating and boosted their price target for the stock from C$55.00 to C$57.00 in a research note on Monday, November 25th. Finally, BMO Capital Markets lifted their price objective on Emera from C$54.00 to C$58.00 in a report on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.