Emera (TSE:EMA) Price Target Raised to C$59.00

Emera (TSE:EMA) had its price objective raised by UBS Group from C$54.00 to C$59.00 in a research report released on Friday morning,BayStreet.CA reports.

A number of other brokerages also recently issued reports on EMA. National Bankshares upped their price objective on Emera from C$54.00 to C$55.00 in a research report on Thursday, December 5th. Raymond James increased their price target on Emera from C$57.00 to C$59.00 in a report on Monday, February 24th. BMO Capital Markets lifted their price objective on shares of Emera from C$58.00 to C$60.00 in a research note on Monday, February 24th. Cibc World Mkts raised shares of Emera from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, Royal Bank of Canada lifted their price target on shares of Emera from C$60.00 to C$63.00 in a research note on Monday, February 24th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Emera presently has a consensus rating of “Moderate Buy” and an average target price of C$58.18.

Emera Stock Up 0.8 %

EMA stock opened at C$59.18 on Friday. Emera has a 52 week low of C$44.13 and a 52 week high of C$59.88. The company has a market capitalization of C$17.35 billion, a price-to-earnings ratio of 22.94, a P/E/G ratio of 6.20 and a beta of 0.35. The company’s fifty day simple moving average is C$56.44. The company has a quick ratio of 0.23, a current ratio of 0.72 and a debt-to-equity ratio of 150.23.

Emera Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 14th were given a dividend of $0.725 per share. This represents a $2.90 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date of this dividend was Friday, January 31st. Emera’s dividend payout ratio (DPR) is presently 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.