Emera Incorporated (TSE:EMA) Announces $0.72 Quarterly Dividend

Emera Incorporated (TSE:EMA) announced a quarterly dividend on Friday, April 12th, Zacks reports. Stockholders 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 annualized dividend and a dividend yield of 6.18%. The ex-dividend date of this dividend is Tuesday, April 30th.

Emera Stock Up 0.6 %

Shares of EMA opened at C$46.43 on Monday. The stock has a market capitalization of C$13.27 billion, a price-to-earnings ratio of 13.01, a price-to-earnings-growth ratio of 2.77 and a beta of 0.28. Emera has a 1 year low of C$43.67 and a 1 year high of C$59.52. The business’s 50 day simple moving average is C$47.50 and its 200-day simple moving average is C$48.12. The company has a debt-to-equity ratio of 164.26, a current ratio of 0.82 and a quick ratio of 0.23.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on EMA. JPMorgan Chase & Co. cut their price target on shares of Emera from C$50.00 to C$48.00 and set an “underweight” rating on the stock in a report on Monday, January 22nd. TD Securities cut their target price on Emera from C$62.00 to C$57.00 and set a “buy” rating on the stock in a research note on Tuesday, February 27th. Raymond James decreased their price target on Emera from C$55.00 to C$54.00 in a research note on Thursday. Royal Bank of Canada decreased their price target on 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. Finally, CIBC decreased their price target on Emera from C$53.00 to C$51.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. One equities 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.