Emera (TSE:EMA) Stock Gets Price Target Trim from Royal Bank Of Canada

Emera (TSE:EMA) had its price objective reduced by Royal Bank Of Canada from C$84.00 to C$82.00 in a research note published on Monday morning,BayStreet reports. They currently have an outperform rating on the stock.

A number of other research firms also recently issued reports on EMA. Desjardins upped their price target on shares of Emera from C$74.00 to C$76.00 and gave the company a “hold” rating in a research note on Monday. National Bank Financial increased their price objective on shares of Emera from C$74.00 to C$75.00 and gave the company a “sector perform” rating in a research report on Monday. TD dropped their price objective on shares of Emera from C$79.00 to C$75.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. Barclays reduced their target price on shares of Emera from C$74.00 to C$71.00 in a report on Monday, August 10th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Emera from C$73.00 to C$79.00 in a report on Tuesday, July 21st. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$76.33.

Emera Stock Up 0.1%

Shares of EMA opened at C$72.26 on Monday. The company has a debt-to-equity ratio of 150.30, a current ratio of 0.73 and a quick ratio of 0.23. The stock has a market capitalization of C$22.28 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 6.20 and a beta of 0.39. Emera has a 1 year low of C$64.62 and a 1 year high of C$77.99. The business’s 50 day simple moving average is C$68.39 and its 200-day simple moving average is C$71.16.

Emera (TSE:EMA) last posted its earnings results on Friday, November 6th. The company reported C$0.85 earnings per share for the quarter. Emera had a net margin of 12.50% and a return on equity of 7.08%. The firm had revenue of C$1.98 billion during the quarter. As a group, equities analysts expect that Emera will post 3.20 earnings per share for the current fiscal year.

Emera Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, November 13th will be paid a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, October 30th. This is a positive change from Emera’s previous quarterly dividend of $0.7325. Emera’s dividend payout ratio is 97.99%.

About Emera

Emera (TSX/NYSE: EMA) is a leading North American provider of energy services headquartered in Halifax, Nova Scotia, with investments in regulated electric and natural gas utilities, and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.7 million customers in the United States, Canada and the Caribbean. Our team of 7,800 employees is committed to our purpose of energizing modern life and delivering a cleaner energy future for all. Emera’s common and preferred shares are listed and trade on the Toronto Stock Exchange and its common shares are listed and trade on the New York Stock Exchange.