Emera Incorporated (TSE:EMA) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Emera Incorporated (TSE:EMA) have received a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$56.10.

A number of brokerages recently issued reports on EMA. National Bankshares upped their price objective on shares of Emera from C$54.00 to C$55.00 in a report on Thursday, December 5th. Raymond James upped their price target on Emera from C$54.00 to C$57.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Scotiabank raised their price objective on Emera from C$55.00 to C$60.00 in a research note on Thursday, December 5th. Royal Bank of Canada upped their target price on Emera from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Finally, BMO Capital Markets lifted their price target on shares of Emera from C$54.00 to C$58.00 in a research report on Thursday, December 5th.

Emera Stock Performance

Shares of EMA opened at C$55.53 on Tuesday. The company has a debt-to-equity ratio of 155.62, a quick ratio of 0.23 and a current ratio of 0.79. The company has a market capitalization of C$16.01 billion, a price-to-earnings ratio of 21.61, a PEG ratio of 6.20 and a beta of 0.35. The company’s 50 day simple moving average is C$52.33. Emera has a twelve month low of C$44.13 and a twelve month high of C$56.20.

Emera Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were issued a dividend of $0.725 per share. The ex-dividend date was Friday, November 1st. This represents a $2.90 annualized dividend and a dividend yield of 5.22%. Emera’s payout ratio is 112.84%.

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.