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A Breakout Stock Is On The Way (Ad)
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Wall Street builds on gains, heads for 4-week winning streak
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Judge revives Obama-era ban on coal sales from federal lands
This Stock's Getting Attention (Ad)
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A Breakout Stock Is On The Way (Ad)
Can You Guess Which EV Stock Is Beating Tesla ?
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This Stock's Getting Attention (Ad)
TSE:EMA

Emera - EMA Stock Forecast, Price & News

C$61.50
+0.42 (+0.69%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
C$61.38
C$61.81
50-Day Range
C$57.71
C$62.57
52-Week Range
C$56.87
C$65.23
Volume
1.20 million shs
Average Volume
1.22 million shs
Market Capitalization
C$16.18 billion
P/E Ratio
26.97
Dividend Yield
4.34%
Price Target
C$64.42
EMA stock logo

About Emera (TSE:EMA) Stock

Emera Incorporated, an energy and services company, 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. It generates electricity through coal-fired, natural gas and/or oil, hydro, wind, solar, petroleum coke, and biomass-fueled power plants. The company is also involved in the purchase, transmission, distribution, and sale of natural gas; and the provision of energy marketing, trading, and other energy asset management services. In addition, it transports re-gasified liquefied natural gas from Saint John, New Brunswick to consumers in the northeastern United States through its 145-kilometer pipeline. As of December 31, 2021, the company's electric utilities served approximately 810,600 customers in West Central Florida; 536,000 customers in Nova Scotia; 132,000 customers in the island of Barbados; 19,000 customers in the Grand Bahama Island; and 35,700 customers in the island of Dominica, as well as gas utilities and infrastructure served approximately 445,000 customers across Florida and 542,000 customers in New Mexico. It also provides insurance and reinsurance services to Emera and its affiliates, as well as offers financing services. The company was incorporated in 1998 and is headquartered in Halifax, Canada.

Emera Trading Up 0.9 %

TSE:EMA traded up C$0.52 during trading hours on Friday, reaching C$61.60. The company's stock had a trading volume of 411,010 shares, compared to its average volume of 1,210,719. The firm has a market capitalization of C$16.21 billion and a price-to-earnings ratio of 26.79. The firm has a 50-day simple moving average of C$60.41 and a 200-day simple moving average of C$61.21. Emera has a 1 year low of C$56.87 and a 1 year high of C$65.23. The company has a debt-to-equity ratio of 156.73, a quick ratio of 0.29 and a current ratio of 0.66.

Emera (TSE:EMA - Get Rating) last announced its quarterly earnings results on Friday, May 13th. The company reported C$0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.91 by C$0.01. The firm had revenue of C$2.02 billion during the quarter, compared to the consensus estimate of C$1.58 billion. Research analysts expect that Emera will post 3.25 EPS for the current fiscal year.

Emera Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Tuesday, August 2nd will be issued a $0.663 dividend. This represents a $2.65 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date is Friday, July 29th. This is a positive change from Emera's previous quarterly dividend of $0.66. Emera's dividend payout ratio (DPR) is 114.04%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price target on Emera from C$63.00 to C$59.00 in a research note on Tuesday, July 26th. Scotiabank raised their price objective on Emera from C$65.00 to C$69.00 in a report on Tuesday, April 19th. CIBC lifted their price target on Emera from C$64.00 to C$66.00 in a report on Thursday, April 21st. National Bankshares boosted their price objective on Emera from C$59.00 to C$60.00 and gave the stock a "sector perform" rating in a report on Monday, May 16th. Finally, Royal Bank of Canada boosted their price objective on Emera from C$66.00 to C$72.00 and gave the stock an "outperform" rating in a report on Tuesday, May 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Emera presently has an average rating of "Hold" and a consensus price target of C$64.42.

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EMA Stock News Headlines

Emera Reports 2022 Second Quarter Financial Results
Emera (TSE:EMA) Price Target Cut to C$59.00
Stocks in play: Emera Inc
Emera Inc Pref Series H stock eased on Friday.
See More Headlines
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EMA Company Calendar

Ex-Dividend for 5/16 Dividend
4/29/2022
Dividend Payable
5/16/2022
Ex-Dividend for 8/15 Dividend
7/29/2022
Today
8/12/2022
Dividend Payable
8/15/2022
Next Earnings (Estimated)
11/09/2022

Industry, Sector and Symbol

Industry
Utilities - Diversified
Sub-Industry
N/A
Sector
Utilities
CIK
N/A
Fax
N/A
Employees
7,523
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$65.30
High Stock Price Forecast
C$72.00
Low Stock Price Forecast
C$59.00
Forecasted Upside/Downside
+4.7%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
8 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$6.17 billion
Cash Flow
C$1.48 per share
Book Value
C$33.73 per share

Miscellaneous

Free Float
N/A
Market Cap
C$16.18 billion
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. Scott Carlyle Balfour (Age 58)
    CEO, Pres & Director
    Comp: $2.42M
  • Mr. Gregory W. Blunden F.C.A. (Age 57)
    FCPA, Chief Financial Officer
    Comp: $1.16M
  • Mr. Bruce A. Marchand
    Chief Legal & Compliance Officer
  • Mr. Richard C. Janega P.Eng.
    COO of Electric Utilities, Canada & Caribbean and CEO of Emera Newfoundland & Labrador
  • Ms. Karen E. Hutt
    Exec. VP of Bus. Devel. & Strategy
  • Mr. Scott LaFleur
    Acting Mang., Investor Relations
  • Ms. Lisa Merrithew
    VP of Communications & Corp. Affairs
  • Mr. R. Michael Roberts
    Chief HR Officer
  • Mr. Daniel P. Muldoon
    Exec. VP of Project Devel. & Operations Support
  • Mr. Scott Hastings
    Sr. Director of Capital Markets













EMA Stock - Frequently Asked Questions

Should I buy or sell Emera stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Emera in the last year. There are currently 1 sell rating, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" EMA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EMA, but not buy additional shares or sell existing shares.
View EMA analyst ratings
or view top-rated stocks.

What is Emera's stock price forecast for 2022?

8 brokerages have issued 12-month price objectives for Emera's stock. Their EMA share price forecasts range from C$59.00 to C$72.00. On average, they anticipate the company's stock price to reach C$65.30 in the next year. This suggests a possible upside of 6.1% from the stock's current price.
View analysts price targets for EMA
or view top-rated stocks among Wall Street analysts.

How have EMA shares performed in 2022?

Emera's stock was trading at C$63.22 at the beginning of the year. Since then, EMA shares have decreased by 2.6% and is now trading at C$61.55.
View the best growth stocks for 2022 here
.

When is Emera's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 9th 2022.
View our EMA earnings forecast
.

How often does Emera pay dividends? What is the dividend yield for Emera?

Emera announced a quarterly dividend on Monday, July 11th. Investors of record on Tuesday, August 2nd will be paid a dividend of 0.663 per share on Monday, August 15th. This represents a $2.65 annualized dividend and a dividend yield of 4.31%. The ex-dividend date of this dividend is Friday, July 29th. This is an increase from the stock's previous quarterly dividend of C$0.66.
Read our dividend analysis for EMA
.

Is Emera a good dividend stock?

Emera (TSE:EMA) pays an annual dividend of C$2.60 per share and currently has a dividend yield of 4.34%. EMA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 114.04%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for EMA.

What other stocks do shareholders of Emera own?

What is Emera's stock symbol?

Emera trades on the Toronto Stock Exchange (TSX) under the ticker symbol "EMA."

How do I buy shares of Emera?

Shares of EMA stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is Emera's stock price today?

One share of EMA stock can currently be purchased for approximately C$61.55.

How much money does Emera make?

Emera (TSE:EMA) has a market capitalization of C$16.20 billion and generates C$6.17 billion in revenue each year.

How many employees does Emera have?

The company employs 7,523 workers across the globe.

How can I contact Emera?

Emera's mailing address is 1223 Lower Water St, HALIFAX, NS B3J 3S8, Canada. The official website for the company is www.emera.com. The company can be reached via phone at +1-902-4500507.

This page (TSE:EMA) was last updated on 8/13/2022 by MarketBeat.com Staff

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