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

Key Points

• Emera Incorporated has received a consensus recommendation of "Moderate Buy" from eleven research firms, with an average 1-year price target of C$64.33.
• The company declared a quarterly dividend of $0.725, resulting in an annualized payout of $2.90, with a yield of 4.3%.
• Insider transactions included significant share sales by directors, with a total of 49,494 shares sold in the last ninety days.

Emera Incorporated (TSE:EMA - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eleven research firms that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$64.33.

EMA has been the subject of several research reports. TD Securities upped their target price on Emera from C$69.00 to C$74.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. BMO Capital Markets increased their price objective on Emera from C$65.00 to C$68.00 in a research note on Monday, August 11th. Scotiabank increased their price objective on Emera from C$67.00 to C$70.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Raymond James Financial increased their price objective on Emera from C$66.00 to C$70.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Finally, National Bankshares increased their price objective on Emera from C$60.00 to C$62.00 and gave the company a "sector perform" rating in a research note on Monday, August 11th.

Emera Stock Down 0.3%

Shares of EMA opened at C$66.80 on Monday. The firm has a market cap of C$19.99 billion, a P/E ratio of 22.64, a P/E/G ratio of 6.20 and a beta of 0.46. The stock has a 50 day simple moving average of C$65.24 and a two-hundred day simple moving average of C$62.57. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23. Emera has a 1 year low of C$49.06 and a 1 year high of C$67.54.

Emera Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 15th were paid a $0.725 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $2.90 dividend on an annualized basis and a yield of 4.3%. Emera's dividend payout ratio (DPR) is presently 98.05%.

Insiders Place Their Bets

In related news, Director Archibald Collins sold 30,600 shares of the firm's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of C$64.95, for a total value of C$1,987,470.00. Following the completion of the sale, the director owned 13,045 shares of the company's stock, valued at C$847,272.75. This trade represents a 70.11% decrease in their ownership of the stock. Also, Director Judy Ann Steele sold 794 shares of the firm's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of C$64.90, for a total value of C$51,530.60. Following the completion of the sale, the director directly owned 352 shares of the company's stock, valued at C$22,844.80. The trade was a 69.28% decrease in their position. Insiders sold 49,494 shares of company stock valued at $3,213,691 in the last ninety days. 0.09% of the stock is currently owned by insiders.

Emera Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.