Emera Incorporated (TSE:EMA) Receives C$57.10 Average Price Target from Brokerages

Emera Incorporated (TSE:EMA - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eleven research firms that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$57.10.

EMA has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on Emera from C$51.00 to C$56.00 in a research report on Monday, December 9th. Cibc World Mkts raised Emera from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 2nd. BMO Capital Markets lifted their price target on shares of Emera from C$54.00 to C$58.00 in a report on Thursday, December 5th. Bank of America upgraded shares of Emera from a "neutral" rating to a "buy" rating and upped their price objective for the stock from C$55.00 to C$57.00 in a report on Monday, November 25th. Finally, National Bankshares lifted their target price on shares of Emera from C$54.00 to C$55.00 in a research note on Thursday, December 5th.

Emera Trading Up 0.1 %

Shares of TSE EMA traded up C$0.05 during midday trading on Wednesday, reaching C$55.22. The company had a trading volume of 1,308,837 shares, compared to its average volume of 1,504,512. The firm's fifty day moving average price is C$53.85 and its 200-day moving average price is C$51.85. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 155.62. Emera has a one year low of C$44.13 and a one year high of C$56.20. The stock has a market cap of C$15.93 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35.

Emera (TSE:EMA - Get Free Report) last released its quarterly earnings data on Friday, November 8th. The company reported C$0.81 earnings per share for the quarter, beating analysts' consensus estimates of C$0.77 by C$0.04. Emera had a return on equity of 6.60% and a net margin of 10.83%. On average, equities research analysts anticipate that Emera will post 3.1991627 earnings per share for the current year.

Emera Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 14th will be paid a $0.725 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $2.90 dividend on an annualized basis and a dividend yield of 5.25%. Emera's dividend payout ratio (DPR) is currently 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.