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

Emera Incorporated (TSE:EMA) has received a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$73.75.

A number of equities research analysts recently commented on the stock. Raymond James Financial increased their price objective on shares of Emera from C$74.50 to C$75.25 and gave the company an “outperform” rating in a research note on Tuesday, April 28th. TD increased their price objective on shares of Emera from C$75.00 to C$77.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Bank of America increased their price objective on shares of Emera from C$73.00 to C$74.00 in a research note on Wednesday, April 8th. BMO Capital Markets upped their target price on shares of Emera from C$72.00 to C$74.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th. Finally, Desjardins upped their target price on shares of Emera from C$69.00 to C$70.00 and gave the company a “hold” rating in a report on Tuesday, April 28th.

Emera Price Performance

Shares of TSE EMA opened at C$73.39 on Tuesday. The stock has a market cap of C$22.45 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 6.20 and a beta of 0.58. Emera has a 52 week low of C$60.17 and a 52 week high of C$74.80. The company’s 50-day moving average price is C$72.04 and its 200 day moving average price is C$69.40. The company has a current ratio of 1.07, a quick ratio of 0.23 and a debt-to-equity ratio of 168.83.

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

Emera Dividend Announcement

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