Emera Incorporated (TSE:EMA) Receives C$52.10 Consensus Price Target from Analysts

Emera Incorporated (TSE:EMA) has earned a consensus recommendation of “Hold” from the ten brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$52.10.

A number of brokerages have weighed in on EMA. Raymond James lifted their target price on Emera from C$54.00 to C$57.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. National Bankshares lifted their price objective on Emera from C$49.00 to C$54.00 and gave the company a “sector perform” rating in a report on Friday, August 23rd. Bank of America set a C$55.00 target price on shares of Emera and gave the stock a “neutral” rating in a report on Friday, September 20th. Scotiabank boosted their price target on shares of Emera from C$52.00 to C$55.00 and gave the company an “outperform” rating in a report on Tuesday, August 20th. Finally, Royal Bank of Canada increased their price objective on shares of Emera from C$57.00 to C$60.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd.

Emera Price Performance

Shares of TSE EMA opened at C$50.76 on Friday. Emera has a 1 year low of C$44.13 and a 1 year high of C$54.19. The stock has a 50-day moving average price of C$51.96. The company has a market capitalization of C$14.64 billion, a P/E ratio of 19.75, a P/E/G ratio of 6.20 and a beta of 0.35. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 155.62.

Emera Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were given a dividend of $0.725 per share. This represents a $2.90 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date of this dividend was Friday, November 1st. Emera’s dividend payout ratio is presently 112.84%.

About Emera

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.