Emera Incorporated (TSE:EMA) Receives Average Rating of “Moderate Buy” from Analysts

Emera Incorporated (TSE:EMA) has received a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$57.10.

Several equities research analysts recently commented on the stock. National Bankshares boosted their price objective on shares of Emera from C$54.00 to C$55.00 in a research report on Thursday, December 5th. JPMorgan Chase & Co. raised shares of Emera from an “underperform” rating to a “neutral” rating and upped their price target for the company from C$51.00 to C$56.00 in a report on Thursday, December 12th. Wells Fargo & Company raised their price objective on shares of Emera from C$51.00 to C$56.00 in a research note on Monday, December 9th. Cibc World Mkts raised Emera from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, Bank of America raised Emera from a “neutral” rating to a “buy” rating and raised their price target for the stock from C$55.00 to C$57.00 in a research report on Monday, November 25th.

Emera Trading Down 0.7 %

EMA stock opened at C$55.00 on Wednesday. The firm’s 50 day moving average is C$53.67. The firm has a market cap of C$15.86 billion, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. The company has a debt-to-equity ratio of 155.62, a quick ratio of 0.23 and a current ratio of 0.79. Emera has a 12-month low of C$44.13 and a 12-month high of C$56.20.

Emera (TSE:EMA) last issued its quarterly earnings data on Friday, November 8th. The company reported C$0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.77 by C$0.04. Emera had a return on equity of 6.60% and a net margin of 10.83%. Sell-side analysts forecast that Emera will post 3.1991627 earnings per share for the current fiscal year.

Emera Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.725 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $2.90 annualized dividend and a dividend yield of 5.27%. Emera’s payout ratio is currently 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.