Emera Incorporated (TSE:EMA – Get Free Report) has received a consensus rating of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$76.67.
EMA has been the topic of a number of research reports. National Bank Financial increased their price objective on Emera from C$69.00 to C$75.00 and gave the stock a “sector perform” rating in a report on Monday, June 1st. Desjardins boosted their target price on shares of Emera from C$70.00 to C$74.00 and gave the stock a “hold” rating in a research report on Monday, July 20th. Raymond James Financial increased their price target on shares of Emera from C$75.25 to C$77.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Barclays cut their price target on shares of Emera from C$74.00 to C$71.00 in a report on Monday, August 10th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Emera from C$73.00 to C$79.00 in a research note on Tuesday, July 21st.
View Our Latest Analysis on Emera
Insider Buying and Selling at Emera
Emera Stock Performance
Shares of Emera stock opened at C$69.42 on Thursday. Emera has a 12 month low of C$63.17 and a 12 month high of C$77.99. The company has a quick ratio of 0.23, a current ratio of 0.73 and a debt-to-equity ratio of 153.87. The stock has a market cap of C$21.24 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 6.20 and a beta of 0.57. The business has a fifty day simple moving average of C$73.96 and a 200-day simple moving average of C$72.44.
Emera (TSE:EMA – Get Free Report) last released its earnings results on Friday, August 7th. The company reported C$0.69 earnings per share (EPS) for the quarter. The company had revenue of C$2.01 billion during the quarter. Emera had a net margin of 12.85% and a return on equity of 7.51%. On average, sell-side analysts anticipate that Emera will post 3.1991627 EPS for the current fiscal year.
Emera Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 17th were issued a dividend of $0.7325 per share. This represents a $2.93 annualized dividend and a yield of 4.2%. The ex-dividend date was Friday, July 31st. Emera’s dividend payout ratio (DPR) is 92.78%.
About Emera
Emera (TSX/NYSE: EMA) is a leading North American provider of energy services headquartered in Halifax, Nova Scotia, with investments in regulated electric and natural gas utilities, and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.7 million customers in the United States, Canada and the Caribbean. Our team of 7,800 employees is committed to our purpose of energizing modern life and delivering a cleaner energy future for all. Emera’s common and preferred shares are listed and trade on the Toronto Stock Exchange and its common shares are listed and trade on the New York Stock Exchange.
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