Emera (TSE:EMA) Stock Price Expected to Rise, UBS Group Analyst Says

Emera (TSE:EMA) had its price target upped by UBS Group from C$54.00 to C$59.00 in a research note issued to investors on Friday,BayStreet.CA reports.

Other research analysts have also issued reports about the company. Royal Bank of Canada increased their price objective on Emera from C$60.00 to C$63.00 in a report on Monday, February 24th. CIBC upped their price objective on shares of Emera from C$58.00 to C$59.00 in a report on Monday, February 24th. Wells Fargo & Company increased their price objective on shares of Emera from C$51.00 to C$56.00 in a research note on Monday, December 9th. Bank of America upgraded shares of Emera from a “neutral” rating to a “buy” rating and boosted their target price for the company from C$55.00 to C$57.00 in a research report on Monday, November 25th. Finally, BMO Capital Markets increased their price target on Emera from C$58.00 to C$60.00 in a research report on Monday, February 24th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Emera presently has an average rating of “Moderate Buy” and a consensus price target of C$58.18.

Emera Trading Up 0.8 %

TSE EMA opened at C$59.18 on Friday. Emera has a 12-month low of C$44.13 and a 12-month high of C$59.88. The business has a fifty day moving average of C$56.44. The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23. The stock has a market capitalization of C$17.35 billion, a PE ratio of 22.94, a P/E/G ratio of 6.20 and a beta of 0.35.

Emera Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 14th were paid a $0.725 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.90 annualized dividend and a dividend yield of 4.90%. Emera’s dividend payout ratio is presently 112.40%.

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.