Emera Incorporated (TSE:EMA) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Emera Incorporated (TSE:EMA) have been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$57.10.

Several equities research analysts recently commented on EMA shares. Cibc World Mkts raised shares of Emera from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. CIBC raised shares of Emera from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from C$54.00 to C$58.00 in a research note on Monday, December 2nd. Bank of America upgraded shares of Emera from a “neutral” rating to a “buy” rating and upped their target price for the stock from C$55.00 to C$57.00 in a research note on Monday, November 25th. Wells Fargo & Company upped their target price on shares of Emera from C$51.00 to C$56.00 in a research note on Monday, December 9th. Finally, Royal Bank of Canada upped their target price on shares of Emera from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd.

Emera Trading Down 0.9 %

TSE:EMA opened at C$52.48 on Friday. Emera has a one year low of C$44.13 and a one year high of C$56.20. The company has a debt-to-equity ratio of 155.62, a current ratio of 0.79 and a quick ratio of 0.23. The company’s 50-day simple moving average is C$52.95 and its 200 day simple moving average is C$50.85. The firm has a market capitalization of C$15.14 billion, a P/E ratio of 20.42, a PEG ratio of 6.20 and a beta of 0.35.

Emera Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were given a dividend of $0.725 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.90 dividend on an annualized basis and a yield of 5.53%. Emera’s dividend payout ratio (DPR) is 112.84%.

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.