Emera (TSE:EMA – Free Report) had its price target trimmed by Canadian Imperial Bank of Commerce from C$76.00 to C$72.00 in a research note published on Tuesday,BayStreet reports.
Several other analysts have also issued reports on the stock. TD boosted their target price on shares of Emera from C$77.00 to C$79.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Desjardins lifted their price target on shares of Emera from C$70.00 to C$74.00 and gave the stock a “hold” rating in a research note on Monday, July 20th. 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. Raymond James Financial upped their price objective on Emera from C$75.25 to C$77.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Finally, JPMorgan Chase & Co. raised their target price on Emera from C$73.00 to C$79.00 in a report on Tuesday, July 21st. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Emera has an average rating of “Moderate Buy” and an average price target of C$76.67.
Emera Trading Down 0.7%
Emera (TSE:EMA – Get Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported C$0.69 EPS for the quarter. Emera had a net margin of 12.85% and a return on equity of 7.51%. The firm had revenue of C$2.01 billion during the quarter. Analysts expect that Emera will post 3.1991627 EPS for the current year.
Emera Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 17th were given a dividend of $0.7325 per share. The ex-dividend date was Friday, July 31st. This represents a $2.93 dividend on an annualized basis and a dividend yield of 4.3%. Emera’s dividend payout ratio 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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