Analysts Set Emera Incorporated (TSE:EMA) PT at C$50.56

Emera Incorporated (TSE:EMA) has received an average recommendation of “Hold” from the nine analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$50.56.

A number of brokerages have weighed in on EMA. CIBC decreased their target price on Emera from C$51.00 to C$50.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. National Bankshares upped their price objective on shares of Emera from C$48.00 to C$49.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 6th. BMO Capital Markets lifted their target price on shares of Emera from C$36.00 to C$37.00 and gave the company an “outperform” rating in a research report on Thursday, May 30th. JPMorgan Chase & Co. boosted their price target on shares of Emera from C$45.00 to C$46.00 in a research note on Thursday, July 25th. Finally, Royal Bank of Canada lowered their price objective on shares of Emera from C$60.00 to C$57.00 and set an “outperform” rating on the stock in a research report on Monday.

Emera Price Performance

Shares of TSE:EMA opened at C$49.16 on Wednesday. The company has a 50 day moving average of C$47.09 and a 200 day moving average of C$47.52. The company has a current ratio of 0.73, a quick ratio of 0.23 and a debt-to-equity ratio of 160.58. The stock has a market cap of C$14.09 billion, a P/E ratio of 22.04, a P/E/G ratio of 2.77 and a beta of 0.28. Emera has a 12 month low of C$43.67 and a 12 month high of C$52.31.

Emera (TSE:EMA) last released its quarterly earnings results on Monday, May 13th. The company reported C$0.76 EPS for the quarter, missing analysts’ consensus estimates of C$0.79 by C($0.03). Emera had a net margin of 9.69% and a return on equity of 5.71%. The firm had revenue of C$2.02 billion for the quarter, compared to analysts’ expectations of C$2.04 billion. As a group, sell-side analysts forecast that Emera will post 3.0053635 EPS for the current fiscal year.

Emera Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 15th will be given a $0.717 dividend. This represents a $2.87 dividend on an annualized basis and a yield of 5.83%. The ex-dividend date is Thursday, August 1st. Emera’s payout ratio is presently 128.70%.

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.