Emera Inc (EMA) Scheduled to Post Earnings on Friday
Emera Inc (TSE:EMA) is set to post its quarterly earnings results after the market closes on Friday, November 10th. Analysts expect Emera to post earnings of C$0.74 per share for the quarter.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be paid a dividend of $0.565 per share. This is an increase from Emera’s previous quarterly dividend of $0.52. This represents a $2.26 annualized dividend and a yield of 4.70%. The ex-dividend date of this dividend is Tuesday, October 31st.
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In other news, insider Bruce Marchand sold 1,300 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of C$47.06, for a total value of C$61,178.00. Also, insider Daniel Muldoon sold 16,700 shares of the company’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of C$47.33, for a total transaction of C$790,411.00.
Several equities research analysts have issued reports on the stock. TD Securities boosted their price objective on shares of Emera from C$51.00 to C$53.00 and gave the stock a “buy” rating in a research note on Monday, August 14th. BMO Capital Markets boosted their price objective on shares of Emera from C$51.00 to C$52.00 and gave the stock a “market perform” rating in a research note on Monday, October 2nd. Barclays PLC boosted their price objective on shares of Emera from C$53.00 to C$54.00 in a research note on Monday, August 14th. Finally, CIBC boosted their price objective on shares of Emera from C$54.00 to C$56.00 in a research note on Friday, September 29th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of C$53.17.
Emera Incorporated is an energy and services company, which invests in electricity generation, transmission and distribution, gas transmission and utility services. The Company operates through six segments: Emera Florida and New Mexico; Nova Scotia Power Inc (NSPI); Emera Maine; Emera Caribbean; Emera Energy, and Corporate and Other.
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