Emera (TSE:EMA) Stock Price Expected to Rise, UBS Group Analyst Says

Emera (TSE:EMA - Free Report) had its target price increased by UBS Group from C$54.00 to C$59.00 in a research note published on Friday,BayStreet.CA reports.

EMA has been the topic of several other reports. Wells Fargo & Company lifted their price objective on Emera from C$51.00 to C$56.00 in a research note on Monday, December 9th. National Bankshares boosted their price objective on shares of Emera from C$54.00 to C$55.00 in a research note on Thursday, December 5th. BMO Capital Markets raised their target price on shares of Emera from C$58.00 to C$60.00 in a research note on Monday, February 24th. Cibc World Mkts raised shares of Emera from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. Finally, Bank of America raised Emera from a "neutral" rating to a "buy" rating and raised their price objective for the company from C$55.00 to C$57.00 in a research report on Monday, November 25th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of C$58.18.

Emera Trading Up 0.6 %

Shares of Emera stock traded up C$0.33 during mid-day trading on Friday, hitting C$59.27. 179,144 shares of the stock were exchanged, compared to its average volume of 1,423,395. The company has a market cap of C$17.38 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. Emera has a twelve month low of C$44.13 and a twelve month high of C$59.88. 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 has a 50-day moving average of C$56.58.

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Emera Dividend Announcement

The firm 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 4.89%. The ex-dividend date of this dividend was Friday, January 31st. Emera's dividend 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.