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

Emera Incorporated (TSE:EMA) has received a consensus rating of “Hold” from the ten analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$52.10.

Several equities analysts have recently commented on the company. Raymond James boosted their price objective on Emera from C$54.00 to C$57.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. National Bankshares upped their price target on Emera from C$49.00 to C$54.00 and gave the stock a “sector perform” rating in a research note on Friday, August 23rd. Scotiabank lifted their price objective on shares of Emera from C$52.00 to C$55.00 and gave the company an “outperform” rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. upped their target price on shares of Emera from C$45.00 to C$46.00 in a research report on Thursday, July 25th. Finally, Royal Bank of Canada lifted their price target on shares of Emera from C$57.00 to C$60.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd.

Emera Stock Performance

Shares of EMA opened at C$50.45 on Friday. The business has a 50-day simple moving average of C$51.96 and a two-hundred day simple moving average of C$49.29. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 155.62. Emera has a 52 week low of C$44.13 and a 52 week high of C$54.19. The stock has a market cap of C$14.55 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 6.20 and a beta of 0.35.

Emera Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 15th will be given a dividend of $0.725 per share. This represents a $2.90 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date is Friday, November 1st. Emera’s dividend payout ratio (DPR) is presently 112.84%.

About Emera

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.