Shares of Emera Incorporated (TSE:EMA – Get Free Report) have been given an average recommendation of “Moderate Buy” by the ten analysts that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$74.39.
Several brokerages recently issued reports on EMA. Raymond James Financial lifted their price objective on Emera from C$74.50 to C$75.25 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Barclays set a C$72.00 price objective on Emera and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. BMO Capital Markets lifted their price objective on Emera from C$72.00 to C$74.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 24th. Desjardins lifted their price objective on Emera from C$69.00 to C$70.00 and gave the stock a “hold” rating in a research report on Tuesday, April 28th. Finally, TD Securities boosted their price target on Emera from C$74.00 to C$75.00 and gave the company a “buy” rating in a report on Tuesday, February 24th.
Get Our Latest Stock Report on Emera
Emera Trading Down 0.7%
Emera (TSE:EMA – Get Free Report) last issued its quarterly earnings data on Friday, May 8th. The company reported C$1.37 earnings per share (EPS) for the quarter. Emera had a return on equity of 7.90% and a net margin of 13.20%.The firm had revenue of C$2.81 billion during the quarter. Sell-side analysts anticipate that Emera will post 3.1991627 EPS for the current fiscal year.
Emera Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were issued a $0.7325 dividend. The ex-dividend date was Friday, May 1st. This represents a $2.93 annualized dividend and a yield of 4.0%. Emera’s payout ratio is 89.14%.
Insiders Place Their Bets
In other Emera news, insider Richard Janega sold 16,500 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of C$74.25, for a total value of C$1,225,125.00. Following the completion of the transaction, the insider directly owned 19,642 shares in the company, valued at approximately C$1,458,418.50. The trade was a 45.65% decrease in their position. Company insiders own 0.09% of the company’s stock.
Emera Company Profile
Emera (TSX/NYSE: EMA) is a leading North American provider of energy services headquartered in Halifax, Nova Scotia, with investments in regulated electric and natural gas utilities, and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.7 million customers in the United States, Canada and the Caribbean. Our team of 7,800 employees is committed to our purpose of energizing modern life and delivering a cleaner energy future for all. Emera’s common and preferred shares are listed and trade on the Toronto Stock Exchange and its common shares are listed and trade on the New York Stock Exchange.
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