Emera Incorporated (TSE:EMA) Given Average Recommendation of "Moderate Buy" by Brokerages

Emera Incorporated (TSE:EMA - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eleven ratings firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$58.18.

Several brokerages have commented on EMA. National Bankshares upped their target price on shares of Emera from C$54.00 to C$55.00 in a research report on Thursday, December 5th. Raymond James lifted their price objective on Emera from C$57.00 to C$59.00 in a research note on Monday, February 24th. UBS Group increased their target price on Emera from C$54.00 to C$59.00 in a research note on Friday. Scotiabank upped their price target on Emera from C$60.00 to C$62.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. upgraded shares of Emera from an "underperform" rating to a "neutral" rating and increased their price target for the company from C$51.00 to C$56.00 in a research report on Thursday, December 12th.

Emera Trading Up 0.8 %

Shares of TSE:EMA traded up C$0.49 during trading on Thursday, hitting C$59.18. 1,878,377 shares of the company's stock were exchanged, compared to its average volume of 1,459,681. 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 firm has a market cap of C$17.35 billion, a P/E ratio of 22.94, a PEG ratio of 6.20 and a beta of 0.35. The firm has a 50-day moving average price of C$56.44 and a two-hundred day moving average price of C$53.98. Emera has a 1-year low of C$44.13 and a 1-year high of C$59.88.

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Emera Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 14th were issued a $0.725 dividend. This represents a $2.90 annualized dividend and a dividend yield of 4.90%. The ex-dividend date was Friday, January 31st. Emera's dividend payout ratio (DPR) is presently 112.40%.

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.