Emera Incorporated (TSE:EMA) Receives Consensus Rating of “Moderate Buy” from Analysts

Emera Incorporated (TSE:EMA) has earned an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$73.75.

A number of research firms recently issued reports on EMA. Barclays set a C$72.00 price target on shares of Emera and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. TD Securities raised their price objective on Emera from C$74.00 to C$75.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Desjardins raised their price objective on Emera from C$69.00 to C$70.00 and gave the company a “hold” rating in a report on Tuesday, April 28th. Bank of America raised their price objective on Emera from C$73.00 to C$74.00 in a report on Wednesday, April 8th. Finally, National Bank Financial raised their price objective on Emera from C$67.00 to C$68.00 and gave the company a “sector perform” rating in a report on Tuesday, February 24th.

Emera Price Performance

Emera stock opened at C$73.65 on Tuesday. The company’s fifty day moving average price is C$72.06 and its 200 day moving average price is C$69.47. Emera has a 1 year low of C$60.17 and a 1 year high of C$74.80. The stock has a market capitalization of C$22.53 billion, a P/E ratio of 22.52, a P/E/G ratio of 6.20 and a beta of 0.58. The company has a debt-to-equity ratio of 168.83, a quick ratio of 0.23 and a current ratio of 1.07.

Emera (TSE:EMA) last released its quarterly earnings results on Friday, May 8th. The company reported C$1.37 earnings per share (EPS) for the quarter. Emera had a net margin of 13.20% and a return on equity of 7.90%. The firm had revenue of C$2.81 billion for the quarter. As a group, equities research analysts anticipate that Emera will post 3.1991627 earnings per share for the current fiscal year.

Emera Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were issued a $0.7325 dividend. The ex-dividend date was Friday, May 1st. This represents a $2.93 dividend on an annualized basis and a yield of 4.0%. Emera’s dividend payout ratio (DPR) is presently 89.14%.

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.