BMO Capital Markets Raises Emera (TSE:EMA) Price Target to C$60.00

Emera (TSE:EMA - Free Report) had its price target increased by BMO Capital Markets from C$58.00 to C$60.00 in a research report released on Monday morning,BayStreet.CA reports.

Several other research analysts have also weighed in on EMA. Scotiabank boosted their price objective on shares of Emera from C$60.00 to C$62.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Wells Fargo & Company boosted their price target on Emera from C$51.00 to C$56.00 in a research report on Monday, December 9th. CIBC raised their price objective on Emera from C$58.00 to C$59.00 in a research report on Monday. JPMorgan Chase & Co. raised Emera from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from C$51.00 to C$56.00 in a report on Thursday, December 12th. Finally, Raymond James raised their price target on Emera from C$57.00 to C$59.00 in a report on Monday. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$58.10.

Emera Stock Down 0.4 %

EMA traded down C$0.25 during trading on Monday, reaching C$57.85. 173,988 shares of the stock were exchanged, compared to its average volume of 1,544,026. The company has a debt-to-equity ratio of 150.23, a quick ratio of 0.23 and a current ratio of 0.72. The stock's 50 day moving average price is C$54.65 and its two-hundred day moving average price is C$52.88. Emera has a twelve month low of C$44.13 and a twelve month high of C$58.73. The stock has a market cap of C$16.96 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35.

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Emera Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 14th were issued a $0.725 dividend. This represents a $2.90 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date was Friday, January 31st. Emera's dividend payout ratio is 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.