Shares of Emera Incorporated (TSE:EMA – Get Free Report) have earned an average rating of “Hold” from the nine analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$50.56.
A number of equities research analysts have weighed in on EMA shares. Wells Fargo & Company raised their price target on Emera from C$49.00 to C$53.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 14th. BMO Capital Markets boosted their target price on Emera from C$36.00 to C$37.00 and gave the stock an “outperform” rating in a research report on Thursday, May 30th. Raymond James decreased their price target on shares of Emera from C$55.00 to C$54.00 in a research note on Thursday, April 25th. CIBC cut their price objective on shares of Emera from C$51.00 to C$50.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Finally, National Bankshares lifted their target price on shares of Emera from C$48.00 to C$49.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 6th.
Get Our Latest Stock Analysis on EMA
Emera Trading Down 1.0 %
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 (EPS) for the quarter, missing analysts’ consensus estimates of C$0.79 by C($0.03). Emera had a return on equity of 5.71% and a net margin of 9.69%. The company had revenue of C$2.02 billion for the quarter, compared to the consensus estimate of C$2.04 billion. Sell-side analysts forecast that Emera will post 3.0053635 earnings per share for the current fiscal year.
Emera Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.717 per share. The ex-dividend date is Thursday, August 1st. This represents a $2.87 annualized dividend and a yield of 5.84%. Emera’s payout ratio is currently 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.
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