Emera Incorporated (TSE:EMA) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Emera Incorporated has received a consensus rating of "Moderate Buy" from eleven research firms, with six analysts recommending a buy and five a hold.
• The average twelve-month price target for Emera shares among brokerages is C$64.33, signifying potential growth opportunities.
• The company declared a quarterly dividend of $0.725 per share, which translates to an annualized yield of 4.5% and a payout ratio of 98.05%.

Shares of Emera Incorporated (TSE:EMA - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eleven research firms that are presently covering the company, 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 twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$64.33.

A number of analysts have recently weighed in on EMA shares. Cibc World Mkts lowered Emera from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. CIBC cut Emera from an "outperform" rating to a "neutral" rating and boosted their target price for the stock from C$65.00 to C$68.00 in a research note on Monday, August 11th. National Bankshares upped their price target on Emera from C$60.00 to C$62.00 and gave the stock a "sector perform" rating in a report 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. Finally, Scotiabank boosted their price objective on Emera from C$67.00 to C$70.00 and gave the stock an "outperform" rating in a research report on Monday, August 11th.

Emera Price Performance

Shares of EMA opened at C$64.44 on Thursday. The company has a market cap of C$19.29 billion, a P/E ratio of 21.84, a PEG ratio of 6.20 and a beta of 0.55. Emera has a fifty-two week low of C$49.06 and a fifty-two week high of C$67.42. The company has a quick ratio of 0.23, a current ratio of 0.72 and a debt-to-equity ratio of 150.23. The firm's 50 day moving average price is C$64.44 and its 200 day moving average price is C$61.76.

Emera Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 15th were issued a dividend of $0.725 per share. This represents a $2.90 annualized dividend and a yield of 4.5%. The ex-dividend date was Friday, August 1st. Emera's payout ratio is 98.05%.

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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