Emera (TSE:EMA – Free Report) had its target price boosted by Royal Bank Of Canada from C$76.00 to C$84.00 in a report published on Monday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
EMA has been the subject of a number of other research reports. National Bank Financial lifted their price target on Emera from C$69.00 to C$75.00 and gave the stock a “sector perform” rating in a report on Monday, June 1st. BMO Capital Markets upped their price objective on Emera from C$76.00 to C$80.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Barclays set a C$72.00 price objective on Emera and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. JPMorgan Chase & Co. lifted their target price on Emera from C$73.00 to C$79.00 in a research note on Tuesday, July 21st. Finally, TD boosted their target price on Emera from C$75.00 to C$77.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$76.67.
Read Our Latest Stock Analysis on EMA
Emera Stock Performance
Emera (TSE:EMA – Get Free Report) last released its quarterly earnings data on Friday, August 7th. The company reported C$0.69 earnings per share for the quarter. The company had revenue of C$2.01 billion for the quarter. Emera had a net margin of 12.85% and a return on equity of 7.51%. As a group, equities analysts forecast that Emera will post 3.1991627 earnings per share for the current year.
Emera Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 17th will be issued a dividend of $0.7325 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $2.93 annualized dividend and a dividend yield of 4.1%. Emera’s payout ratio is presently 92.78%.
Insider Buying and Selling
In related news, insider Richard Janega sold 16,500 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of C$74.25, for a total value of C$1,225,125.00. Following the transaction, the insider owned 19,642 shares in the company, valued at approximately C$1,458,418.50. This represents 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.
Recommended Stories
- Five stocks we like better than Emera
- GE Vernova’s AI Power Boom Faces a Profit Test
- Cardinal Health Earnings: Can Perfection Get Priced In Twice?
- Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand
- Legacy Jet Builders Stall While Embraer Accelerates to New Highs
Receive News & Ratings for Emera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emera and related companies with MarketBeat.com's FREE daily email newsletter.
