Emera Incorporated (TSE:EMA) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Emera Incorporated (TSE:EMA) has received a consensus rating of "Moderate Buy" from analysts, with five hold ratings and six buy ratings among the eleven firms covering the stock.
• The average price target for Emera among analysts is C$64.33, with recent adjustments from BMO Capital Markets and Raymond James Financial raising them to C$68.00 and C$70.00 respectively.
• Emera has declared a quarterly dividend of $0.725, which equates to an annualized dividend of $2.90 and a dividend yield of 4.4%.

Emera Incorporated (TSE:EMA - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eleven brokerages that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$64.33.

Several equities analysts have recently weighed in on EMA shares. TD Securities lifted their price objective on Emera from C$69.00 to C$74.00 and gave the company a "buy" rating in a research note on Monday, August 11th. BMO Capital Markets lifted their price objective on Emera from C$65.00 to C$68.00 in a research note on Monday, August 11th. Royal Bank Of Canada lifted their price objective on Emera from C$69.00 to C$70.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Scotiabank lifted their price objective on Emera from C$67.00 to C$70.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Finally, CIBC lowered Emera from an "outperform" rating to a "neutral" rating and lifted their price objective for the company from C$65.00 to C$68.00 in a research note on Monday, August 11th.

Emera Price Performance

Emera stock traded up C$0.53 during midday trading on Friday, reaching C$67.01. 941,075 shares of the company were exchanged, compared to its average volume of 1,263,402. The company has a market capitalization of C$19.65 billion, a price-to-earnings ratio of 25.97, a P/E/G ratio of 6.20 and a beta of 0.35. The firm's 50-day simple moving average is C$63.39 and its 200-day simple moving average is C$60.87. Emera has a 1 year low of C$49.06 and a 1 year high of C$67.42. The company has a debt-to-equity ratio of 150.23, a quick ratio of 0.23 and a current ratio of 0.72.

Emera Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 15th were issued a dividend of $0.725 per share. This represents a $2.90 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Friday, August 1st. Emera's dividend payout ratio (DPR) is presently 112.40%.

About Emera

Emera is a geographically diverse energy and services company investing in electricity generation, transmission, and distribution as well as gas transmission and utility energy services. Emera has operations throughout North America and the Caribbean countries.