Emera Incorporated (TSE:EMA) Given Average Recommendation of “Hold” by Brokerages

Shares of Emera Incorporated (TSE:EMA) have received an average recommendation of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$51.44.

A number of equities research analysts recently issued reports on the company. CIBC dropped their target price on Emera from C$51.00 to C$50.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Royal Bank of Canada reduced their price target on Emera from C$60.00 to C$57.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. National Bankshares boosted their price target on Emera from C$49.00 to C$54.00 and gave the stock a “sector perform” rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. upped their price objective on Emera from C$45.00 to C$46.00 in a research note on Thursday, July 25th. Finally, Scotiabank raised their target price on shares of Emera from C$52.00 to C$55.00 and gave the company an “outperform” rating in a research note on Tuesday, August 20th.

Emera Trading Down 0.5 %

Shares of TSE EMA opened at C$51.13 on Friday. Emera has a twelve month low of C$43.67 and a twelve month high of C$52.31. The stock has a market cap of C$14.75 billion, a price-to-earnings ratio of 19.89, a P/E/G ratio of 2.77 and a beta of 0.34. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 155.62. The company’s fifty day moving average is C$48.66 and its 200-day moving average is C$47.86.

Emera (TSE:EMA) last posted its quarterly earnings data on Friday, August 9th. The company reported C$0.53 EPS for the quarter, missing the consensus estimate of C$0.56 by C($0.03). The company had revenue of C$1.62 billion during the quarter, compared to the consensus estimate of C$1.67 billion. Emera had a net margin of 10.83% and a return on equity of 6.60%. Equities research analysts predict that Emera will post 2.8672316 EPS for the current year.

Emera Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.717 per share. This represents a $2.87 annualized dividend and a yield of 5.61%. The ex-dividend date of this dividend was Thursday, August 1st. Emera’s dividend payout ratio is 111.67%.

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.