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

Shares of Emera Incorporated (TSE:EMA) have received a consensus recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the stock, 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 12-month price target among brokers that have updated their coverage on the stock in the last year is C$58.18.

A number of equities analysts recently commented on the company. Wells Fargo & Company upped their target price on Emera from C$51.00 to C$56.00 in a report on Monday, December 9th. BMO Capital Markets upped their price objective on shares of Emera from C$58.00 to C$60.00 in a report on Monday, February 24th. Scotiabank raised their target price on shares of Emera from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Cibc World Mkts upgraded shares of Emera from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, CIBC raised their price objective on shares of Emera from C$58.00 to C$59.00 in a report on Monday, February 24th.

Emera Stock Down 0.3 %

Shares of TSE:EMA opened at C$58.78 on Thursday. Emera has a 1 year low of C$44.13 and a 1 year high of C$59.88. 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 stock’s 50-day moving average is C$56.87 and its 200 day moving average is C$54.13. The company has a market cap of C$17.24 billion, a PE ratio of 22.78, a P/E/G ratio of 6.20 and a beta of 0.35.

Emera Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 14th were paid a dividend of $0.725 per share. This represents a $2.90 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date was Friday, January 31st. Emera’s dividend payout ratio 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.