Emera (TSE:EMA) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Emera (TSE:EMA) from an underperform rating to a neutral rating in a report published on Thursday morning,BayStreet.CA reports. They currently have C$56.00 target price on the stock, up from their previous target price of C$51.00.

Several other research firms also recently commented on EMA. National Bankshares raised their price objective on Emera from C$54.00 to C$55.00 in a research note on Thursday, December 5th. CIBC raised Emera from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from C$54.00 to C$58.00 in a report on Monday, December 2nd. Scotiabank lifted their price objective on shares of Emera from C$55.00 to C$60.00 in a research note on Thursday, December 5th. Wells Fargo & Company increased their price target on shares of Emera from C$51.00 to C$56.00 in a report on Monday, December 9th. Finally, BMO Capital Markets boosted their price objective on Emera from C$54.00 to C$58.00 in a research note on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Emera has an average rating of “Moderate Buy” and an average price target of C$57.10.

Emera Price Performance

Shares of TSE:EMA opened at C$54.66 on Thursday. The business has a 50-day simple moving average of C$52.45 and a two-hundred day simple moving average of C$50.04. 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 market cap of C$15.76 billion, a price-to-earnings ratio of 21.27, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. Emera has a fifty-two week low of C$44.13 and a fifty-two week high of C$56.20.

Emera Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were given a dividend of $0.725 per share. This represents a $2.90 annualized dividend and a yield of 5.31%. The ex-dividend date was Friday, November 1st. Emera’s dividend payout ratio is currently 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.