Shares of Emera Incorporated (TSE:EMA – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$75.77.
A number of research firms recently issued reports on EMA. Raymond James Financial raised their price objective on shares of Emera from C$74.50 to C$75.25 and gave the stock an “outperform” rating in a report on Tuesday, April 28th. BMO Capital Markets boosted their price objective on shares of Emera from C$76.00 to C$80.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. Desjardins boosted their price objective on shares of Emera from C$70.00 to C$74.00 and gave the company a “hold” rating in a research report on Monday, July 20th. Barclays set a C$72.00 target price on Emera and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. boosted their price target on Emera from C$73.00 to C$79.00 in a report on Tuesday, July 21st.
Read Our Latest Research Report on Emera
Emera Trading Down 0.0%
Emera (TSE:EMA – Get Free Report) last announced its earnings results on Friday, May 8th. The company reported C$1.37 earnings per share (EPS) for the quarter. The business had revenue of C$2.81 billion for the quarter. Emera had a return on equity of 7.90% and a net margin of 13.20%. Research analysts forecast that Emera will post 3.1991627 earnings per share for the current year.
Emera Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 17th will be given a dividend of $0.7325 per share. This represents a $2.93 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, July 31st. Emera’s payout ratio is presently 89.14%.
Insider Activity
In related news, insider Richard Janega sold 16,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of C$74.25, for a total transaction 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.
About Emera
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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