Shares of Emera Incorporated (TSE:EMA – Get Free Report) have earned a consensus rating of “Hold” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$54.50.
Several research firms have recently issued reports on EMA. TD Securities lowered their price objective on Emera from C$62.00 to C$57.00 and set a “buy” rating for the company in a research report on Tuesday, February 27th. National Bankshares lowered their price objective on Emera from C$50.00 to C$49.00 in a research report on Tuesday, February 27th. JPMorgan Chase & Co. lowered their price objective on Emera from C$50.00 to C$48.00 and set an “underweight” rating for the company in a research report on Monday, January 22nd. Raymond James lowered their price objective on Emera from C$55.00 to C$54.00 in a research report on Thursday. Finally, Royal Bank of Canada reduced their target price on Emera from C$62.00 to C$60.00 and set an “outperform” rating for the company in a report on Tuesday, February 27th.
Emera Trading Up 0.6 %
Emera (TSE:EMA – Get Free Report) last released its earnings results on Monday, February 26th. The company reported C$0.63 EPS for the quarter, missing the consensus estimate of C$0.71 by C($0.08). Emera had a return on equity of 8.88% and a net margin of 13.80%. The company had revenue of C$1.97 billion for the quarter, compared to analyst estimates of C$1.97 billion. Sell-side analysts expect that Emera will post 3.2788927 earnings per share for the current fiscal year.
Emera Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.717 dividend. This represents a $2.87 dividend on an annualized basis and a dividend yield of 6.18%. The ex-dividend date is Tuesday, April 30th. Emera’s dividend payout ratio is currently 80.39%.
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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