UBS Group Issues Positive Forecast for Emera (TSE:EMA) Stock Price

Emera (TSE:EMA) had its target price boosted by UBS Group from C$54.00 to C$59.00 in a research report sent to investors on Friday morning,BayStreet.CA reports.

A number of other brokerages have also recently weighed in on EMA. Scotiabank upped their price target on shares of Emera from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Wells Fargo & Company increased their target price on Emera from C$51.00 to C$56.00 in a research note on Monday, December 9th. Bank of America raised Emera from a “neutral” rating to a “buy” rating and boosted their price target for the stock from C$55.00 to C$57.00 in a research report on Monday, November 25th. National Bankshares increased their price objective on shares of Emera from C$54.00 to C$55.00 in a research report on Thursday, December 5th. Finally, Raymond James lifted their price objective on shares of Emera from C$57.00 to C$59.00 in a research note on Monday, February 24th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$58.18.

Emera Trading Up 0.8 %

Shares of EMA stock opened at C$59.18 on Friday. Emera has a fifty-two week low of C$44.13 and a fifty-two week high of C$59.88. The firm’s 50 day moving average price is C$56.44 and its two-hundred day moving average price is C$53.96. The stock has a market cap of C$17.35 billion, a price-to-earnings ratio of 22.94, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. The company has a quick ratio of 0.23, a current ratio of 0.72 and a debt-to-equity ratio of 150.23.

Emera Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 14th were paid a $0.725 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.90 dividend on an annualized basis and a dividend yield of 4.90%. Emera’s dividend payout ratio (DPR) is presently 112.40%.

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.