Emera Incorporated (EMA.TO) – What Are Brokerages Saying About This Stock?

Emera Incorporated (TSE:EMA) has earned an average recommendation of “Moderate Buy” from the nine analysts that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$76.25.

EMA has been the topic of a number of analyst reports. National Bank Financial raised their price target on Emera from C$73.00 to C$74.00 and gave the company a “sector perform” rating in a research note on Thursday, October 8th. Raymond James Financial lifted their price target on shares of Emera from C$75.25 to C$77.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. BMO Capital Markets raised their price objective on Emera from C$76.00 to C$80.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Royal Bank Of Canada boosted their target price on Emera from C$76.00 to C$84.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Finally, TD dropped their price target on Emera from C$79.00 to C$75.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th.

Emera Trading Up 1.0%

TSE EMA opened at C$66.48 on Friday. Emera has a one year low of C$64.62 and a one year high of C$77.99. The firm has a 50 day simple moving average of C$68.53 and a 200-day simple moving average of C$71.72. The firm has a market cap of C$20.42 billion, a price-to-earnings ratio of 21.10, a PEG ratio of 6.20 and a beta of 0.42. The company has a debt-to-equity ratio of 153.87, a quick ratio of 0.23 and a current ratio of 0.73.

Emera (TSE:EMA) last released its earnings results on Friday, August 7th. The company reported C$0.69 EPS for the quarter. Emera had a return on equity of 7.51% and a net margin of 12.85%. The firm had revenue of C$2.01 billion during the quarter. Equities research analysts anticipate that Emera will post 3.20 EPS for the current fiscal year.

Emera Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, November 13th will be issued a $0.74 dividend. The ex-dividend date of this dividend is Friday, October 30th. This is a positive change from Emera’s previous quarterly dividend of $0.7325. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.5%. Emera’s dividend payout ratio is currently 92.78%.

Emera Company Profile

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.