Emera Incorporated (TSE:EMA) to Issue Quarterly Dividend of $0.72

Emera Incorporated (TSE:EMA) announced a quarterly dividend on Friday, April 12th, Zacks reports. Shareholders of record on Wednesday, May 1st will be paid a dividend of 0.717 per share on Wednesday, May 15th. This represents a $2.87 dividend on an annualized basis and a yield of 6.18%. The ex-dividend date is Tuesday, April 30th.

Emera Stock Performance

Shares of EMA stock opened at C$46.43 on Monday. The firm has a market capitalization of C$13.27 billion, a PE ratio of 13.01, a price-to-earnings-growth ratio of 2.77 and a beta of 0.28. The firm has a fifty day simple moving average of C$47.50 and a two-hundred day simple moving average of C$48.12. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 164.26. Emera has a 12 month low of C$43.67 and a 12 month high of C$59.52.

Emera (TSE:EMA) last announced its quarterly earnings results on Monday, February 26th. The company reported C$0.63 EPS for the quarter, missing analysts’ consensus estimates of C$0.71 by C($0.08). The business had revenue of C$1.97 billion for the quarter, compared to the consensus estimate of C$1.97 billion. Emera had a net margin of 13.80% and a return on equity of 8.88%. Analysts forecast that Emera will post 3.2788927 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Scotiabank reduced their target price on shares of Emera from C$56.00 to C$52.00 and set an “outperform” rating for the company in a research note on Monday, April 22nd. TD Securities reduced their target price on shares of Emera from C$62.00 to C$57.00 and set a “buy” rating for the company in a research note on Tuesday, February 27th. Royal Bank of Canada reduced their target price on shares of Emera from C$62.00 to C$60.00 and set an “outperform” rating for the company in a research note on Tuesday, February 27th. JPMorgan Chase & Co. reduced their target price on shares of Emera from C$50.00 to C$48.00 and set an “underweight” rating for the company in a research note on Monday, January 22nd. Finally, National Bankshares cut their price target on shares of Emera from C$50.00 to C$49.00 in a report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$54.50.

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.