Recent Research Analysts’ Ratings Updates for Emera (EMA)

Emera (TSE: EMA) has recently received a number of price target changes and ratings updates:

• 12/12/2024 – Emera was upgraded by analysts at JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating. They now have a C$56.00 price target on the stock, up previously from C$51.00.
• 12/9/2024 – Emera had its price target raised by analysts at Wells Fargo & Company from C$51.00 to C$56.00.
• 12/5/2024 – Emera had its price target raised by analysts at BMO Capital Markets from C$54.00 to C$58.00.
• 12/5/2024 – Emera had its price target raised by analysts at National Bankshares, Inc. from C$54.00 to C$55.00.
• 12/5/2024 – Emera had its price target raised by analysts at Scotiabank from C$55.00 to C$60.00.
• 12/2/2024 – Emera was upgraded by analysts at Cibc World Mkts from a “hold” rating to a “strong-buy” rating.
• 12/2/2024 – Emera was upgraded by analysts at CIBC from a “neutral” rating to an “outperform” rating. They now have a C$58.00 price target on the stock, up previously from C$54.00.
• 11/25/2024 – Emera was upgraded by analysts at Bank of America Co. from a “neutral” rating to a “buy” rating. They now have a C$57.00 price target on the stock, up previously from C$55.00.

Emera Price Performance

EMA stock traded down C$0.32 during midday trading on Wednesday, reaching C$53.79. The company had a trading volume of 308,200 shares, compared to its average volume of 1,273,057. Emera Incorporated has a 1 year low of C$44.13 and a 1 year high of C$56.20. The company has a market cap of C$15.51 billion, a P/E ratio of 20.93, a P/E/G ratio of 6.20 and a beta of 0.35. The company’s 50-day moving average is C$52.72. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were paid a $0.725 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.90 annualized dividend and a dividend yield of 5.39%. Emera’s payout ratio is presently 112.84%.

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.