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

Emera Incorporated (TSE:EMA - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eleven analysts that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$60.58.

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

Emera Stock Up 0.6%

Shares of EMA traded up C$0.36 during mid-day trading on Wednesday, reaching C$64.04. The company's stock had a trading volume of 413,834 shares, compared to its average volume of 1,279,761. Emera has a 12-month low of C$48.53 and a 12-month high of C$64.25. The stock has a market cap of C$18.78 billion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23. The company's 50 day moving average is C$61.92 and its 200 day moving average is C$59.40.

Emera Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a $0.725 dividend. This represents a $2.90 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend is Friday, August 1st. 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.