Emera Incorporated (TSE:EMA) Given Average Rating of “Moderate Buy” by Brokerages

Emera Incorporated (TSE:EMA) has earned a consensus rating of “Moderate Buy” from the eleven analysts that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$57.10.

A number of research firms have recently issued reports on EMA. Cibc World Mkts raised shares of Emera from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Scotiabank boosted their target price on Emera from C$55.00 to C$60.00 in a report on Thursday, December 5th. JPMorgan Chase & Co. upgraded Emera from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from C$51.00 to C$56.00 in a research report on Thursday, December 12th. CIBC upgraded shares of Emera from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from C$54.00 to C$58.00 in a research report on Monday, December 2nd. Finally, Bank of America upgraded Emera from a “neutral” rating to a “buy” rating and increased their price objective for the stock from C$55.00 to C$57.00 in a research report on Monday, November 25th.

Emera Price Performance

Shares of TSE EMA opened at C$53.64 on Friday. The company has a debt-to-equity ratio of 155.62, a quick ratio of 0.23 and a current ratio of 0.79. The firm has a fifty day moving average of C$52.96 and a 200 day moving average of C$50.66. The firm has a market cap of C$15.47 billion, a PE ratio of 20.87, a PEG ratio of 6.20 and a beta of 0.35. Emera has a one year low of C$44.13 and a one year high of C$56.20.

Emera Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Friday, November 1st. This represents a $2.90 dividend on an annualized basis and a dividend yield of 5.41%. Emera’s dividend payout ratio (DPR) is presently 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.