Emera (TSE:EMA – Free Report) had its price target boosted by National Bank Financial from C$73.00 to C$74.00 in a report released on Thursday,BayStreet reports. The brokerage currently has a sector perform rating on the stock.
Other equities analysts also recently issued reports about the stock. BMO Capital Markets boosted their target price on shares of Emera from C$76.00 to C$80.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Canadian Imperial Bank of Commerce cut their price objective on shares of Emera from C$76.00 to C$72.00 in a report on Tuesday, September 22nd. JPMorgan Chase & Co. lifted their target price on shares of Emera from C$73.00 to C$79.00 in a research note on Tuesday, July 21st. Barclays dropped their target price on shares of Emera from C$74.00 to C$71.00 in a research report on Monday, August 10th. Finally, Desjardins upped their price target on shares of Emera from C$70.00 to C$74.00 and gave the company a “hold” rating in a research note on Monday, July 20th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$76.25.
Check Out Our Latest Research Report on Emera
Emera Stock Down 0.1%
Emera (TSE:EMA – Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The company reported C$0.69 earnings per share (EPS) for the quarter. The business had revenue of C$2.01 billion for the quarter. Emera had a return on equity of 7.51% and a net margin of 12.85%. Equities research analysts expect that Emera will post 3.20 earnings per share for the current year.
Emera Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 17th were given a dividend of $0.7325 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $2.93 dividend on an annualized basis and a yield of 4.5%. Emera’s dividend payout ratio (DPR) is currently 92.78%.
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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