Emera Incorporated (TSE:EMA) Receives C$58.92 Average PT from Analysts

Emera Incorporated (TSE:EMA) has been given an average rating of “Moderate Buy” by the ten analysts that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$59.82.

EMA has been the subject of a number of recent analyst reports. Raymond James decreased their price target on Emera from C$64.00 to C$59.00 and set an “outperform” rating for the company in a report on Thursday, April 17th. Desjardins set a C$62.00 target price on Emera and gave the stock a “hold” rating in a research note on Tuesday, May 6th. CIBC boosted their price target on Emera from C$63.00 to C$64.00 and gave the company an “outperform” rating in a research note on Thursday, April 24th. UBS Group increased their price target on Emera from C$54.00 to C$59.00 in a report on Friday, March 21st. Finally, Scotiabank lifted their price objective on shares of Emera from C$60.00 to C$62.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th.

Emera Trading Up 0.7%

EMA opened at C$60.05 on Friday. Emera has a twelve month low of C$44.13 and a twelve month high of C$63.13. The company has a fifty day moving average of C$60.04 and a 200-day moving average of C$56.26. The stock has a market cap of C$17.61 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th were paid a dividend of $0.725 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $2.90 annualized dividend and a dividend yield of 4.83%. Emera’s payout ratio is currently 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.