Emera (TSE:EMA) Price Target Raised to C$46.00 at JPMorgan Chase & Co.

Emera (TSE:EMA) had its target price raised by JPMorgan Chase & Co. from C$45.00 to C$46.00 in a report published on Thursday morning, BayStreet.CA reports.

A number of other analysts also recently issued reports on the stock. National Bankshares dropped their price objective on shares of Emera from C$50.00 to C$48.00 in a report on Tuesday, July 2nd. Raymond James lowered their price target on shares of Emera from C$55.00 to C$54.00 in a research note on Thursday, April 25th. TD Securities lowered their price target on shares of Emera from C$57.00 to C$54.00 and set a buy rating for the company in a research note on Tuesday, May 14th. Scotiabank lowered their price target on shares of Emera from C$56.00 to C$52.00 and set an outperform rating for the company in a research note on Monday, April 22nd. Finally, Wells Fargo & Company boosted their price target on shares of Emera from C$49.00 to C$53.00 and gave the stock an equal weight rating in a research note on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of C$50.44.

Emera Stock Up 0.2 %

Shares of TSE:EMA opened at C$49.01 on Thursday. The firm has a fifty day moving average price of C$46.90 and a two-hundred day moving average price of C$47.56. The company has a debt-to-equity ratio of 160.58, a current ratio of 0.73 and a quick ratio of 0.23. Emera has a one year low of C$43.67 and a one year high of C$55.49. The company has a market cap of C$14.05 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 2.77 and a beta of 0.28.

Emera (TSE:EMA) last posted its quarterly earnings data on Monday, May 13th. The company reported C$0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.79 by C($0.03). Emera had a return on equity of 5.71% and a net margin of 9.69%. The company had revenue of C$2.02 billion for the quarter, compared to the consensus estimate of C$2.04 billion. Analysts anticipate that Emera will post 3.0053635 EPS for the current fiscal year.

Emera Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be given a $0.717 dividend. This represents a $2.87 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date is Thursday, August 1st. Emera’s payout ratio is 128.70%.

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.