Emera Incorporated (TSE:EMA) Given Average Rating of “Moderate Buy” by Analysts

Shares of Emera Incorporated (TSE:EMA) have been given an average recommendation of “Moderate Buy” by the eleven ratings firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$58.10.

A number of brokerages recently issued reports on EMA. Cibc World Mkts upgraded Emera from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. JPMorgan Chase & Co. upgraded Emera from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from C$51.00 to C$56.00 in a research report on Thursday, December 12th. National Bankshares upped their target price on Emera from C$54.00 to C$55.00 in a report on Thursday, December 5th. Raymond James raised their price target on Emera from C$57.00 to C$59.00 in a research note on Monday. Finally, Royal Bank of Canada boosted their price objective on shares of Emera from C$60.00 to C$63.00 in a research report on Monday.

Emera Price Performance

Shares of Emera stock opened at C$57.44 on Friday. The firm has a market cap of C$16.84 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. The company’s fifty day simple moving average is C$54.73 and its two-hundred day simple moving average is C$52.94. 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 has a 12-month low of C$44.13 and a 12-month high of C$58.73.

Emera Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 14th were given a $0.725 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.90 dividend on an annualized basis and a dividend yield of 5.05%. Emera’s dividend 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.