Brokerages Set Emera Incorporated (TSE:EMA) PT at C$60.58

Shares of Emera Incorporated (TSE:EMA) have been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$60.58.

A number of analysts recently weighed in on EMA shares. BMO Capital Markets upped their price objective on shares of Emera from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Friday, May 9th. TD Securities raised shares of Emera to a “strong-buy” rating and set a C$69.00 price objective on the stock in a report on Friday. Raymond James Financial reduced 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. CIBC increased their target price on Emera from C$63.00 to C$64.00 and gave the company an “outperform” rating in a research report on Thursday, April 24th. Finally, Desjardins set a C$62.00 price target on Emera and gave the company a “hold” rating in a report on Tuesday, May 6th.

Emera Trading Up 1.3%

EMA opened at C$62.38 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.72 and a debt-to-equity ratio of 150.23. The stock’s fifty day moving average is C$61.27 and its two-hundred day moving average is C$58.26. The company has a market capitalization of C$18.29 billion, a P/E ratio of 24.18, a PEG 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$63.31.

Emera Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th were issued a $0.725 dividend. This represents a $2.90 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date was Thursday, May 1st. Emera’s 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.