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

Emera Incorporated (TSE:EMA) has been assigned an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$57.10.

Several analysts have issued reports on EMA shares. JPMorgan Chase & Co. upgraded shares of Emera from an “underperform” rating to a “neutral” rating and increased their target price for the stock from C$51.00 to C$56.00 in a research note on Thursday, December 12th. BMO Capital Markets lifted their price objective on Emera from C$54.00 to C$58.00 in a research note on Thursday, December 5th. Bank of America upgraded 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. Cibc World Mkts upgraded Emera from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, CIBC upgraded shares of Emera from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from C$54.00 to C$58.00 in a research report on Monday, December 2nd.

Emera Trading Down 0.5 %

Shares of EMA opened at C$53.18 on Friday. The business’s 50-day moving average price is C$52.95 and its 200-day moving average price is C$50.84. 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 twelve month low of C$44.13 and a twelve month high of C$56.20. The stock has a market cap of C$15.34 billion, a PE ratio of 20.69, a P/E/G ratio of 6.20 and a beta of 0.35.

Emera Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were paid a $0.725 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.90 dividend on an annualized basis and a dividend yield of 5.45%. 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.