Analysts Set Emera Incorporated (TSE:EMA) PT at C$58.92

Shares of Emera Incorporated (TSE:EMA) have been assigned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is C$59.33.

EMA has been the subject of a number of recent analyst reports. Scotiabank upped their price target on shares of Emera from C$60.00 to C$62.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. CIBC upped their price target on shares of Emera from C$63.00 to C$64.00 and gave the stock an “outperform” rating in a report on Thursday, April 24th. Royal Bank of Canada increased their price objective on shares of Emera from C$60.00 to C$63.00 in a research note on Monday, February 24th. Raymond James dropped their price objective on shares of Emera from C$64.00 to C$59.00 and set an “outperform” rating for the company in a research note on Thursday, April 17th. Finally, Desjardins set a C$62.00 price objective on shares of Emera and gave the company a “hold” rating in a research note on Tuesday, May 6th.

Emera Stock Performance

Shares of Emera stock opened at C$61.53 on Friday. The company has a 50 day moving average of C$59.95 and a 200-day moving average of C$56.09. Emera has a 1-year low of C$44.13 and a 1-year high of C$63.13. 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 company has a market cap of C$18.04 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35.

Emera Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.725 per share. This represents a $2.90 annualized dividend and a dividend yield of 4.71%. The ex-dividend date of this dividend is Thursday, May 1st. Emera’s payout ratio is currently 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.