Emera (TSE:EMA – Free Report) had its price objective upped by National Bankshares from C$48.00 to C$49.00 in a research note issued to investors on Tuesday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.
A number of other equities analysts also recently weighed in on the company. BMO Capital Markets upped their target price on Emera from C$36.00 to C$37.00 and gave the company an outperform rating in a report on Thursday, May 30th. Raymond James dropped their price target on shares of Emera from C$55.00 to C$54.00 in a research note on Thursday, April 25th. Scotiabank lowered their target price on Emera from C$56.00 to C$52.00 and set an outperform rating on the stock in a research note on Monday, April 22nd. JPMorgan Chase & Co. raised their price target on Emera from C$45.00 to C$46.00 in a research note on Thursday, July 25th. Finally, TD Securities reduced their price target on Emera from C$57.00 to C$54.00 and set a buy rating for the company in a report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of C$50.56.
Emera Price Performance
Emera (TSE:EMA – Get Free Report) last posted its quarterly earnings data on Monday, May 13th. The company reported C$0.76 earnings per share for the quarter, missing the consensus estimate of C$0.79 by C($0.03). The firm had revenue of C$2.02 billion for the quarter, compared to analysts’ expectations of C$2.04 billion. Emera had a return on equity of 5.71% and a net margin of 9.69%. As a group, analysts anticipate that Emera will post 3.0053635 earnings per share for the current fiscal year.
Emera Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.717 per share. This represents a $2.87 annualized dividend and a dividend yield of 5.84%. The ex-dividend date is Thursday, August 1st. Emera’s payout ratio is 128.70%.
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.
Read More
- Five stocks we like better than Emera
- How to Start Investing in Real Estate
- MarketBeat Week in Review – 8/5 – 8/9
- What Do S&P 500 Stocks Tell Investors About the Market?
- Cassava Sciences: A Hot Stock to Trade, Invest, or Avoid?
- How to Calculate Retirement Income: MarketBeat’s Calculator
- The Cannabis Sector: Profitability Takes Center Stage
Receive News & Ratings for Emera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emera and related companies with MarketBeat.com's FREE daily email newsletter.