Brokerages Set Emera Incorporated (TSE:EMA) PT at C$51.80

Shares of Emera Incorporated (TSE:EMA) have received a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$51.80.

EMA has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price target on Emera from C$45.00 to C$46.00 in a research report on Thursday, July 25th. Raymond James raised their target price on shares of Emera from C$54.00 to C$57.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Scotiabank upped their price target on shares of Emera from C$52.00 to C$55.00 and gave the company an “outperform” rating in a report on Tuesday, August 20th. National Bankshares increased their price target on shares of Emera from C$49.00 to C$54.00 and gave the company a “sector perform” rating in a research report on Friday, August 23rd. Finally, CIBC decreased their price objective on shares of Emera from C$51.00 to C$50.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd.

Emera Stock Up 0.2 %

Shares of TSE:EMA opened at C$53.64 on Thursday. The firm has a market capitalization of C$15.47 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 2.77 and a beta of 0.34. The company has a debt-to-equity ratio of 155.62, a quick ratio of 0.23 and a current ratio of 0.79. Emera has a 52-week low of C$43.67 and a 52-week high of C$53.82. The firm has a fifty day moving average of C$50.57 and a 200 day moving average of C$48.32.

Emera (TSE:EMA) last released its earnings results on Friday, August 9th. The company reported C$0.53 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.56 by C($0.03). Emera had a return on equity of 6.60% and a net margin of 10.83%. The firm had revenue of C$1.62 billion during the quarter, compared to the consensus estimate of C$1.67 billion. As a group, research analysts anticipate that Emera will post 3.1690821 EPS for the current fiscal year.

Emera Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 3rd will be paid a $0.725 dividend. This is a boost from Emera’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $2.90 dividend on an annualized basis and a yield of 5.41%. Emera’s payout ratio is presently 111.67%.

About Emera

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.