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

Emera Incorporated (TSE:EMA - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the ten ratings firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$59.82.

A number of equities analysts have recently commented on EMA shares. Royal Bank of Canada lifted their price objective on Emera from C$60.00 to C$63.00 in a research note on Monday, February 24th. Scotiabank lifted their price target on Emera from C$60.00 to C$62.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Raymond James reduced 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. Desjardins set a C$62.00 target price on shares of Emera and gave the stock a "hold" rating in a research report on Tuesday, May 6th. Finally, CIBC increased their price target 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.

Emera Stock Down 1.0%

Shares of TSE:EMA traded down C$0.59 on Friday, reaching C$59.23. The company had a trading volume of 99,875 shares, compared to its average volume of 1,474,329. 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 stock has a market capitalization of C$17.37 billion, a P/E ratio of 22.96, a P/E/G ratio of 6.20 and a beta of 0.35. The stock has a 50-day moving average price of C$60.01 and a 200 day moving average price of C$56.17. Emera has a twelve month low of C$44.13 and a twelve month high of C$63.13.

Emera Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 15th will be paid a dividend of $0.725 per share. This represents a $2.90 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date is Thursday, May 1st. Emera's dividend payout ratio (DPR) is 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.