Emera Incorporated (TSE:EMA - Get Free Report) announced a quarterly dividend on Friday, July 11th, RTT News reports. Investors 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 annualized dividend and a yield of 4.61%.
Emera Stock Up 0.7%
EMA traded up C$0.44 during trading on Friday, hitting C$62.97. The company had a trading volume of 405,867 shares, compared to its average volume of 1,331,926. The company has a market capitalization of C$18.46 billion, a PE ratio of 24.41, a PEG ratio of 6.20 and a beta of 0.35. Emera has a one year low of C$46.10 and a one year high of C$63.31. The firm's 50-day moving average price is C$61.45 and its 200 day moving average price is C$58.72. The company has a quick ratio of 0.23, a current ratio of 0.72 and a debt-to-equity ratio of 150.23.
Wall Street Analyst Weigh In
EMA has been the topic of several recent analyst reports. CIBC boosted their price objective on shares of Emera from C$63.00 to C$64.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Desjardins set a C$62.00 price objective on shares of Emera and gave the stock a "hold" rating in a research note on Tuesday, May 6th. BMO Capital Markets boosted their price objective on shares of Emera from C$60.00 to C$65.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. UBS Group boosted their price objective on shares of Emera from C$54.00 to C$59.00 in a research note on Friday, March 21st. Finally, Raymond James Financial lowered their price objective on shares of Emera from C$64.00 to C$59.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. 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 data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$60.58.
Check Out Our Latest Analysis on EMA
Emera Company Profile
(
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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.
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