Emera Incorporated (TSE:EMA) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Emera Incorporated (TSE:EMA - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eleven analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$56.10.

A number of research firms have commented on EMA. CIBC raised Emera from a "neutral" rating to an "outperform" rating and upped their price target for the company from C$54.00 to C$58.00 in a research report on Monday, December 2nd. Cibc World Mkts raised Emera from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. BMO Capital Markets upped their price target on Emera from C$54.00 to C$58.00 in a research report on Thursday, December 5th. Royal Bank of Canada upped their price target on Emera from C$57.00 to C$60.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. Finally, Raymond James upped their price target on Emera from C$54.00 to C$57.00 and gave the company an "outperform" rating in a research report on Monday, August 12th.

Emera Stock Down 0.8 %

Shares of TSE EMA traded down C$0.46 during midday trading on Tuesday, reaching C$55.07. The company had a trading volume of 1,288,973 shares, compared to its average volume of 1,281,883. Emera has a one year low of C$44.13 and a one year high of C$56.20. The company has a debt-to-equity ratio of 155.62, a quick ratio of 0.23 and a current ratio of 0.79. The company's fifty day simple moving average is C$52.38. The company has a market cap of C$15.88 billion, a PE ratio of 21.43, a PEG ratio of 6.20 and a beta of 0.35.

Emera Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were issued a dividend of $0.725 per share. The ex-dividend date was Friday, November 1st. This represents a $2.90 annualized dividend and a dividend yield of 5.27%. Emera's payout ratio is 112.84%.

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.