Analysts Set Emera Incorporated (TSE:EMA) PT at C$58.10

Emera Incorporated (TSE:EMA) has been given an average rating of “Moderate Buy” by the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$58.18.

A number of equities analysts recently issued reports on the stock. Bank of America raised shares of Emera from a “neutral” rating to a “buy” rating and raised their price objective for the stock from C$55.00 to C$57.00 in a report on Monday, November 25th. 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. BMO Capital Markets upped their price objective on Emera from C$58.00 to C$60.00 in a research note on Monday, February 24th. Cibc World Mkts upgraded Emera from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, Wells Fargo & Company raised their price objective on Emera from C$51.00 to C$56.00 in a research note on Monday, December 9th.

Emera Stock Performance

Shares of TSE:EMA opened at C$58.94 on Thursday. The stock has a 50-day moving average price of C$56.58. The stock has a market capitalization of C$17.28 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. Emera has a 52-week low of C$44.13 and a 52-week high of C$59.88. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23.

Emera Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 14th were paid a dividend of $0.725 per share. This represents a $2.90 annualized dividend and a yield of 4.92%. The ex-dividend date was Friday, January 31st. Emera’s dividend payout ratio (DPR) is presently 112.40%.

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.