Emera Incorporated (TSE:EMA) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Emera Incorporated (TSE:EMA - Get Free Report) have earned an average rating of "Moderate Buy" from the eleven brokerages that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$60.58.

A number of research firms have recently commented on EMA. Desjardins set a C$62.00 price objective on shares of Emera and gave the stock a "hold" rating in a research note on Tuesday, May 6th. BMO Capital Markets increased their price objective on shares of Emera from C$60.00 to C$65.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. TD Securities raised shares of Emera to a "strong-buy" rating and set a C$69.00 target price on the stock in a report on Friday, June 27th. CIBC upped their target price on shares of Emera from C$63.00 to C$64.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Finally, Raymond James Financial dropped their target price on shares of Emera from C$64.00 to C$59.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th.

Emera Stock Up 0.7%

Shares of EMA opened at C$63.74 on Wednesday. The stock has a market cap of C$18.69 billion, a price-to-earnings ratio of 24.71, a P/E/G 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 has a 12 month low of C$47.42 and a 12 month high of C$64.25. The company has a 50-day moving average price of C$61.70 and a two-hundred day moving average price of C$59.19.

Emera Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a $0.725 dividend. The ex-dividend date of this dividend is Friday, August 1st. This represents a $2.90 annualized dividend and a dividend yield of 4.55%. Emera's dividend payout ratio (DPR) is 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.

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