Emera (TSE:EMA) PT Lowered to C$66.00 at BMO Capital Markets

Emera (TSE:EMAGet Rating) had its price target cut by BMO Capital Markets from C$69.00 to C$66.00 in a research note released on Tuesday, BayStreet.CA reports.

EMA has been the topic of a number of other research reports. Bank of America upgraded Emera from a neutral rating to a buy rating and boosted their price target for the company from C$65.00 to C$68.99 in a report on Tuesday, August 16th. JPMorgan Chase & Co. upgraded Emera from an underweight rating to a neutral rating and boosted their price target for the company from C$63.00 to C$66.00 in a report on Friday, September 9th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of Hold and an average price target of C$66.09.

Emera Stock Up 0.4 %

Shares of TSE:EMA opened at C$60.40 on Tuesday. Emera has a 1 year low of C$56.87 and a 1 year high of C$65.23. The company has a market cap of C$16.05 billion and a PE ratio of 28.90. The company has a debt-to-equity ratio of 161.79, a current ratio of 0.67 and a quick ratio of 0.25. The stock’s 50-day moving average is C$61.15 and its 200 day moving average is C$61.64.

Emera Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Tuesday, August 2nd were issued a dividend of $0.663 per share. This is an increase from Emera’s previous quarterly dividend of $0.66. The ex-dividend date was Friday, July 29th. This represents a $2.65 dividend on an annualized basis and a dividend yield of 4.39%. Emera’s dividend payout ratio is 125.60%.

About Emera

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Emera Incorporated, an energy and services company, 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.

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Analyst Recommendations for Emera (TSE:EMA)

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