Emera Incorporated (TSE:EMA) Receives Average Rating of "Moderate Buy" from Brokerages

Emera Incorporated (TSE:EMA - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eleven analysts that are presently covering the firm, MarketBeat reports. Three 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 issued ratings on the stock in the last year is C$60.58.

A number of equities research analysts have commented on EMA shares. UBS Group raised their target price on Emera from C$54.00 to C$59.00 in a report on Friday, March 21st. CIBC lifted their price target on shares of Emera from C$63.00 to C$64.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. BMO Capital Markets increased their target price on Emera from C$60.00 to C$65.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. TD Securities set a C$69.00 price target on shares of Emera and gave the stock a "buy" rating in a research note on Friday. Finally, Raymond James Financial reduced their price objective on Emera from C$64.00 to C$59.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th.

Emera Stock Up 0.8%

Shares of Emera stock opened at C$61.59 on Friday. The company has a debt-to-equity ratio of 150.23, a quick ratio of 0.23 and a current ratio of 0.72. The company has a market cap of C$18.06 billion, a P/E ratio of 23.87, a PEG ratio of 6.20 and a beta of 0.35. Emera has a one year low of C$44.13 and a one year high of C$63.31. The firm has a fifty day moving average of C$61.24 and a two-hundred day moving average of C$58.16.

Emera Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.725 per share. This represents a $2.90 annualized dividend and a dividend yield of 4.71%. The ex-dividend date of this dividend was Thursday, May 1st. Emera's dividend payout ratio (DPR) is currently 112.40%.

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.

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