Emera Inc (TSE:EMA) – Equities research analysts at National Bank Financial upped their FY2016 earnings per share estimates for shares of Emera in a research report issued to clients and investors on Tuesday. National Bank Financial analyst P. Kenny now anticipates that the brokerage will post earnings of $2.41 per share for the year, up from their previous forecast of $2.39. National Bank Financial has a “Sector Perform” rating and a $53.00 price objective on the stock. National Bank Financial also issued estimates for Emera’s FY2017 earnings at $2.35 EPS.

Several other brokerages have also issued reports on EMA. CIBC boosted their price target on Emera from C$49.00 to C$53.00 in a research note on Wednesday, July 20th. CSFB boosted their price target on Emera from C$54.00 to C$58.00 in a research note on Monday, July 25th. Royal Bank Of Canada boosted their price target on Emera from C$56.00 to C$60.00 in a research note on Thursday, August 11th. RBC Capital Markets boosted their price target on Emera from C$56.00 to C$60.00 in a research note on Wednesday, August 10th. Finally, TD Securities boosted their price target on Emera from C$50.00 to C$52.00 and gave the company a “buy” rating in a research note on Wednesday, August 10th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of C$54.59.

Earnings History and Estimates for Emera (TSE:EMA)

Shares of Emera (TSE:EMA) opened at 44.60 on Friday. The firm’s 50-day moving average price is $46.59 and its 200-day moving average price is $47.32. The firm has a market cap of $8.89 billion and a price-to-earnings ratio of 13.89. Emera has a 52 week low of $41.32 and a 52 week high of $50.19.

In other Emera news, Director Christopher Huskilson purchased 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, for a total transaction of C$182,800.00.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Investors of record on Tuesday, November 15th will be given a dividend of $0.5225 per share. The ex-dividend date is Friday, October 28th. This represents a $2.09 dividend on an annualized basis and a yield of 4.69%.

About Emera

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.

Receive News & Stock Ratings for Emera Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emera Inc and related stocks with our FREE daily email newsletter.