Emera Incorporated Plans Quarterly Dividend of $0.73 (TSE:EMA)

Emera Incorporated (TSE:EMA - Get Free Report) declared a quarterly dividend on Friday, January 31st,TickerTech Dividends reports. Investors of record on Friday, February 14th will be paid a dividend of 0.725 per share on Friday, February 14th. This represents a $2.90 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date of this dividend is Friday, January 31st.

Emera Trading Up 0.1 %

TSE:EMA traded up C$0.05 during trading hours on Friday, hitting C$55.22. The company had a trading volume of 1,308,837 shares, compared to its average volume of 1,504,512. Emera has a 1 year low of C$44.13 and a 1 year high of C$56.20. The company has a market cap of C$15.93 billion, a P/E ratio of 21.49, a P/E/G ratio of 6.20 and a beta of 0.35. The company has a 50-day moving average of C$53.85 and a 200 day moving average of C$51.85. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 155.62.

Emera (TSE:EMA - Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The company reported C$0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.77 by C$0.04. Emera had a net margin of 10.83% and a return on equity of 6.60%. Sell-side analysts expect that Emera will post 3.1991627 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on EMA shares. Bank of America raised shares of Emera from a "neutral" rating to a "buy" rating and lifted their price target for the company from C$55.00 to C$57.00 in a research report on Monday, November 25th. National Bankshares lifted their target price on Emera from C$54.00 to C$55.00 in a research report on Thursday, December 5th. Cibc World Mkts upgraded Emera from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd. Wells Fargo & Company boosted their price objective on shares of Emera from C$51.00 to C$56.00 in a report on Monday, December 9th. Finally, CIBC raised shares of Emera from a "neutral" rating to an "outperform" rating and increased their target price for the stock from C$54.00 to C$58.00 in a research note on Monday, December 2nd. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$57.10.

Emera Company Profile

Emera Incorporated, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.