Emera Incorporated (TSE:EMA) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Emera Incorporated (TSE:EMA) have earned an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$58.18.

A number of research firms have recently weighed in on EMA. UBS Group boosted their target price on Emera from C$54.00 to C$59.00 in a research note on Friday. Raymond James boosted their price objective on Emera from C$57.00 to C$59.00 in a research report on Monday, February 24th. BMO Capital Markets raised their target price on shares of Emera from C$58.00 to C$60.00 in a report on Monday, February 24th. Cibc World Mkts upgraded shares of Emera from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Finally, Wells Fargo & Company increased their price target on shares of Emera from C$51.00 to C$56.00 in a research report on Monday, December 9th.

Emera Trading Down 0.4 %

EMA opened at C$58.94 on Thursday. 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 has a market cap of C$17.28 billion, a PE ratio of 22.84, a P/E/G ratio of 6.20 and a beta of 0.35. The business has a 50-day moving average price of C$56.58. Emera has a 12-month low of C$44.13 and a 12-month high of C$59.88.

Emera Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 14th were issued a dividend of $0.725 per share. This represents a $2.90 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date was Friday, January 31st. Emera’s payout ratio is 112.40%.

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.