Emera Incorporated (TSE:EMA) to Issue $0.73 Quarterly Dividend

Emera Incorporated (TSE:EMA - Get Free Report) declared a quarterly dividend on Friday, July 11th, RTT News reports. Stockholders of record on Friday, August 1st will be given a dividend of 0.725 per share on Friday, August 15th. This represents a $2.90 dividend on an annualized basis and a dividend yield of 4.63%.

Emera Trading Down 0.6%

EMA stock traded down C$0.40 on Monday, hitting C$62.57. 1,210,233 shares of the company were exchanged, compared to its average volume of 1,331,017. Emera has a twelve month low of C$46.10 and a twelve month high of C$63.31. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23. The business's fifty day moving average is C$61.45 and its two-hundred day moving average is C$58.79. The stock has a market capitalization of C$18.35 billion, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35.

Analysts Set New Price Targets

Several research analysts have recently weighed in on EMA shares. UBS Group upped their target price on shares of Emera from C$54.00 to C$59.00 in a research note on Friday, March 21st. BMO Capital Markets upped their target price on shares of Emera from C$60.00 to C$65.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Raymond James Financial decreased their target price on shares of Emera from C$64.00 to C$59.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. CIBC upped their target price on shares of Emera from C$63.00 to C$64.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Finally, TD Securities upgraded shares of Emera to a "strong-buy" rating and set a C$69.00 target price for the company in a research note on Friday, June 27th. Three analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Emera has a consensus rating of "Moderate Buy" and an average target price of C$60.58.

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.