Emera Incorporated (TSE:EMA) has been given an average rating of “Buy” by the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$61.44.
A number of research analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Emera from C$59.00 to C$62.00 and gave the company a “na” rating in a research report on Tuesday, August 17th. Wells Fargo & Company boosted their target price on shares of Emera to C$62.00 in a research report on Thursday, August 12th. CIBC reissued a “neutral” rating and issued a C$59.00 target price on shares of Emera in a research report on Wednesday, August 11th. National Bank Financial decreased their target price on shares of Emera to C$58.00 and set a “sector perform” rating for the company in a research report on Thursday, August 12th. Finally, Credit Suisse Group reissued a “neutral” rating on shares of Emera in a research report on Thursday, September 2nd.
Shares of EMA opened at C$58.04 on Wednesday. The company’s 50 day moving average price is C$58.88 and its 200 day moving average price is C$57.21. Emera has a 52 week low of C$49.66 and a 52 week high of C$60.26. The company has a market capitalization of C$14.89 billion and a PE ratio of 23.88. The company has a debt-to-equity ratio of 161.88, a quick ratio of 0.31 and a current ratio of 0.67.
The business also recently announced a quarterly dividend, which was paid on Monday, August 16th. Investors of record on Monday, August 16th were paid a dividend of $0.6375 per share. This represents a $2.55 annualized dividend and a yield of 4.39%. The ex-dividend date was Friday, July 30th. Emera’s payout ratio is currently 103.91%.
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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