Brokerages Set Emera Incorporated (TSE:EMA) PT at C$74.39

Emera Incorporated (TSE:EMA) has been assigned an average rating of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$74.39.

A number of equities research analysts have issued reports on EMA shares. National Bank Financial increased their price target on Emera from C$69.00 to C$75.00 and gave the company a “sector perform” rating in a research report on Monday, June 1st. Raymond James Financial boosted their price objective on Emera from C$74.50 to C$75.25 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Barclays set a C$72.00 target price on shares of Emera and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. TD raised their target price on shares of Emera from C$75.00 to C$77.00 and gave the company a “buy” rating in a report on Monday, May 11th. Finally, Desjardins lifted their price target on shares of Emera from C$69.00 to C$70.00 and gave the stock a “hold” rating in a research note on Tuesday, April 28th.

Emera Price Performance

Emera stock opened at C$75.56 on Wednesday. Emera has a twelve month low of C$61.63 and a twelve month high of C$76.46. The stock’s fifty day simple moving average is C$73.19 and its 200-day simple moving average is C$71.09. The company has a current ratio of 1.07, a quick ratio of 0.23 and a debt-to-equity ratio of 168.83. The firm has a market capitalization of C$23.11 billion, a P/E ratio of 23.11, a P/E/G ratio of 6.20 and a beta of 0.57.

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

Emera Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were issued a $0.7325 dividend. This represents a $2.93 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Friday, May 1st. Emera’s dividend payout ratio (DPR) is presently 89.14%.

Insider Buying and Selling at Emera

In other news, insider Richard Janega sold 16,500 shares of Emera stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of C$74.25, for a total transaction of C$1,225,125.00. Following the completion of the sale, the insider directly owned 19,642 shares of the company’s stock, valued at approximately C$1,458,418.50. The trade was a 45.65% decrease in their position. Insiders own 0.09% of the company’s stock.

Emera Company Profile

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.