Emera - EMA Stock Forecast, Price & News

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 Down 1.1 %

EMA opened at C$59.44 on Monday. The company has a debt-to-equity ratio of 156.73, a current ratio of 0.66 and a quick ratio of 0.29. The company's 50 day simple moving average is C$60.58 and its two-hundred day simple moving average is C$61.19. Emera has a 1-year low of C$56.87 and a 1-year high of C$65.23. The firm has a market capitalization of C$15.64 billion and a price-to-earnings ratio of 26.07.

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

Emera Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Shareholders of record on Tuesday, August 2nd will be paid a $0.663 dividend. This is an increase from Emera's previous quarterly dividend of $0.66. The ex-dividend date is Friday, July 29th. This represents a $2.65 annualized dividend and a dividend yield of 4.46%. Emera's payout ratio is 114.04%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EMA. CIBC lifted their price target on Emera from C$64.00 to C$66.00 in a research note on Thursday, April 21st. CSFB upped their price target on Emera from C$63.00 to C$66.00 in a research report on Wednesday, April 13th. JPMorgan Chase & Co. decreased their target price on Emera from C$63.00 to C$59.00 in a research note on Tuesday, July 26th. Royal Bank of Canada increased their price objective on Emera from C$66.00 to C$72.00 and gave the company an "outperform" rating in a research report on Tuesday, May 17th. Finally, Scotiabank increased their target price on Emera from C$65.00 to C$69.00 in a report on Tuesday, April 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of C$64.46.