Emera Inc (TSE:EMA) – Stock analysts at National Bank Financial issued their Q3 2016 earnings per share (EPS) estimates for shares of Emera in a note issued to investors on Wednesday. National Bank Financial analyst P. Kenny forecasts that the firm will post earnings per share of $0.63 for the quarter. National Bank Financial has a “Sector Perform” rating and a $54.00 price objective on the stock.
EMA has been the subject of several other reports. Raymond James Financial Inc. reiterated a “market perform” rating and issued a C$51.50 target price on shares of Emera in a research note on Thursday, September 22nd. BMO Capital Markets raised their target price on shares of Emera from C$50.00 to C$52.00 in a research note on Thursday, July 7th. CSFB raised their target price on shares of Emera from C$54.00 to C$58.00 in a research note on Monday, July 25th. TD Securities raised their price objective on shares of Emera from C$50.00 to C$52.00 and gave the stock a “buy” rating in a research report on Wednesday, August 10th. Finally, RBC Capital Markets raised their price objective on shares of Emera from C$56.00 to C$60.00 in a research report on Wednesday, August 10th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of C$54.14.
Shares of Emera (TSE:EMA) opened at 46.73 on Monday. The stock has a 50 day moving average price of $47.08 and a 200 day moving average price of $47.44. Emera has a 1-year low of $41.32 and a 1-year high of $50.19. The company has a market capitalization of $9.32 billion and a price-to-earnings ratio of 14.56.
In other news, Director Christopher Huskilson acquired 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 6th. The shares were acquired at an average cost of C$45.70 per share, with a total value of C$182,800.00. Also, Director Allan Leslie Edgeworth acquired 567 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The stock was purchased at an average cost of C$49.28 per share, for a total transaction of C$27,941.76.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 15th will be issued a dividend of $0.5225 per share. The ex-dividend date of this dividend is Friday, October 28th. This represents a $2.09 annualized dividend and a dividend yield of 4.47%.
Emera Incorporated is an energy and services company that invests in electricity generation, transmission and distribution, as well as gas transmission and utility services. The Company operates through six segments: NSPI; Emera Maine; Emera Caribbean, which includes Emera (Caribbean) Incorporated and its subsidiaries, which includes The Barbados Light & Power Company Limited, Dominica Electricity Services Ltd., Grand Bahama Power Company Limited, Emera Utility Services (Bahamas) Limited and an equity investment in St.
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