Emera Incorporated (TSE:EMA) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Emera Incorporated (TSE:EMA) have earned an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$58.10.

Several analysts recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Emera from an “underperform” rating to a “neutral” rating and raised their price target for the stock from C$51.00 to C$56.00 in a report on Thursday, December 12th. Raymond James lifted their target price on shares of Emera from C$57.00 to C$59.00 in a research note on Monday, February 24th. CIBC upped their price target on shares of Emera from C$58.00 to C$59.00 in a research note on Monday, February 24th. Scotiabank increased their price objective on Emera from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Finally, Bank of America upgraded Emera from a “neutral” rating to a “buy” rating and boosted their target price for the company from C$55.00 to C$57.00 in a research note on Monday, November 25th.

Emera Stock Up 0.7 %

Shares of Emera stock opened at C$57.86 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23. Emera has a 1 year low of C$44.13 and a 1 year high of C$58.73. The stock has a 50-day moving average price of C$54.81 and a 200 day moving average price of C$53.02. The company has a market cap of C$16.97 billion, a P/E ratio of 22.43, a P/E/G ratio of 6.20 and a beta of 0.35.

Emera Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 14th were issued a dividend of $0.725 per share. This represents a $2.90 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date of this dividend was Friday, January 31st. Emera’s dividend payout ratio is 112.40%.

Emera Company Profile

Emera Incorporated, 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.