Emera Incorporated (TSE:EMA) Receives C$57.10 Consensus PT from Brokerages

Emera Incorporated (TSE:EMA) has earned an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$57.10.

A number of research firms recently weighed in on EMA. Scotiabank increased their price objective on shares of Emera from C$55.00 to C$60.00 in a research report on Thursday, December 5th. Cibc World Mkts raised Emera from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. CIBC raised Emera from a “neutral” rating to an “outperform” rating and upped their price objective for the company from C$54.00 to C$58.00 in a research report on Monday, December 2nd. BMO Capital Markets increased their target price on Emera from C$54.00 to C$58.00 in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. raised shares of Emera from an “underperform” rating to a “neutral” rating and boosted their target price for the company from C$51.00 to C$56.00 in a research note on Thursday, December 12th.

Emera Stock Down 0.6 %

EMA stock opened at C$53.33 on Friday. Emera has a twelve month low of C$44.13 and a twelve month high of C$56.20. The company has a market capitalization of C$15.38 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. The company has a debt-to-equity ratio of 155.62, a current ratio of 0.79 and a quick ratio of 0.23. The company’s fifty day moving average price is C$52.95.

Emera Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were paid a $0.725 dividend. This represents a $2.90 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date was Friday, November 1st. Emera’s dividend payout ratio (DPR) is 112.84%.

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.