Emera Incorporated (TSE:EMA) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Emera Incorporated (TSE:EMA) have received a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$74.39.

EMA has been the topic of a number of recent analyst reports. TD increased their price objective on Emera from C$75.00 to C$77.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Desjardins increased their price objective on Emera from C$69.00 to C$70.00 and gave the stock a “hold” rating in a research report on Tuesday, April 28th. BMO Capital Markets increased their price objective on Emera from C$72.00 to C$74.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 24th. Barclays set a C$72.00 price objective on Emera and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Finally, National Bank Financial increased their price objective on Emera from C$69.00 to C$75.00 and gave the stock a “sector perform” rating in a research report on Monday, June 1st.

Insider Buying and Selling

In other Emera news, insider Richard Janega sold 16,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of C$74.25, for a total value of C$1,225,125.00. Following the completion of the transaction, the insider owned 19,642 shares of the company’s stock, valued at C$1,458,418.50. The trade was a 45.65% decrease in their position. 0.09% of the stock is currently owned by corporate insiders.

Emera Stock Up 0.1%

EMA stock opened at C$73.25 on Friday. The company has a quick ratio of 0.23, a current ratio of 1.07 and a debt-to-equity ratio of 168.83. The firm has a market capitalization of C$22.41 billion, a PE ratio of 22.40, a PEG ratio of 6.20 and a beta of 0.57. Emera has a twelve month low of C$60.53 and a twelve month high of C$74.80. The stock has a 50-day simple moving average of C$72.20 and a two-hundred day simple moving average of C$70.11.

Emera (TSE:EMA) last posted its earnings results on Friday, May 8th. The company reported C$1.37 earnings per share for the quarter. The business had revenue of C$2.81 billion during the quarter. Emera had a return on equity of 7.90% and a net margin of 13.20%. On average, equities analysts predict that Emera will post 3.1991627 EPS for the current fiscal year.

Emera Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were given a $0.7325 dividend. This represents a $2.93 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Friday, May 1st. Emera’s dividend payout ratio (DPR) is 89.14%.

About Emera

Emera (TSX/NYSE: EMA) is a leading North American provider of energy services headquartered in Halifax, Nova Scotia, with investments in regulated electric and natural gas utilities, and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.7 million customers in the United States, Canada and the Caribbean. Our team of 7,800 employees is committed to our purpose of energizing modern life and delivering a cleaner energy future for all. Emera’s common and preferred shares are listed and trade on the Toronto Stock Exchange and its common shares are listed and trade on the New York Stock Exchange.