Emera Incorporated (TSE:EMA) Plans Quarterly Dividend of $0.72

Emera Incorporated (TSE:EMA - Get Free Report) declared a quarterly dividend on Friday, April 12th, Zacks reports. Shareholders of record on Wednesday, May 1st will be given a dividend of 0.717 per share on Wednesday, May 15th. This represents a $2.87 annualized dividend and a yield of 6.09%. The ex-dividend date of this dividend is Tuesday, April 30th.

Emera Stock Down 0.7 %

Shares of TSE:EMA traded down C$0.33 during trading on Friday, reaching C$47.07. 845,221 shares of the company traded hands, compared to its average volume of 1,084,752. The firm has a fifty day simple moving average of C$47.67 and a 200 day simple moving average of C$48.16. The firm has a market cap of C$13.45 billion, a P/E ratio of 13.18, a price-to-earnings-growth ratio of 2.77 and a beta of 0.28. Emera has a 1-year low of C$43.67 and a 1-year high of C$59.52. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 164.26.

Emera (TSE:EMA - Get Free Report) last issued its earnings results on Monday, February 26th. The company reported C$0.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.71 by C($0.08). The company had revenue of C$1.97 billion for the quarter, compared to analyst estimates of C$1.97 billion. Emera had a net margin of 13.80% and a return on equity of 8.88%. Analysts anticipate that Emera will post 3.2788927 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. National Bankshares dropped their target price on shares of Emera from C$50.00 to C$49.00 in a report on Tuesday, February 27th. Royal Bank of Canada dropped their target price on shares of Emera from C$62.00 to C$60.00 and set an "outperform" rating on the stock in a report on Tuesday, February 27th. Scotiabank lifted their target price on shares of Emera from C$54.00 to C$56.00 and gave the stock an "outperform" rating in a report on Wednesday, January 24th. CIBC dropped their target price on shares of Emera from C$54.00 to C$53.00 in a report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Emera from C$50.00 to C$48.00 and set an "underweight" rating on the stock in a report on Monday, January 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of C$55.20.

About Emera

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.