Wells Fargo & Company Issues Positive Forecast for Emera (TSE:EMA) Stock Price

Emera (TSE:EMA) had its price target boosted by Wells Fargo & Company from C$51.00 to C$56.00 in a research report sent to investors on Monday morning,BayStreet.CA reports.

EMA has been the subject of several other research reports. Royal Bank of Canada raised their price target on Emera from C$57.00 to C$60.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. National Bankshares upped their target price on Emera from C$54.00 to C$55.00 in a report on Thursday, December 5th. Scotiabank increased their price target on Emera from C$55.00 to C$60.00 in a report on Thursday, December 5th. CIBC upgraded Emera from a “neutral” rating to an “outperform” rating and increased their price target for the stock from C$54.00 to C$58.00 in a report on Monday, December 2nd. Finally, Cibc World Mkts raised Emera from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Emera presently has an average rating of “Moderate Buy” and a consensus price target of C$56.10.

Emera Stock Performance

TSE EMA opened at C$55.53 on Monday. The business’s 50 day simple moving average is C$52.33. Emera has a 52-week low of C$44.13 and a 52-week high of C$56.20. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 155.62. The company has a market cap of C$16.01 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35.

Emera Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 15th were issued a dividend of $0.725 per share. This represents a $2.90 annualized dividend and a dividend yield of 5.22%. The ex-dividend date was Friday, November 1st. Emera’s payout ratio is 112.84%.

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.