Brokerages Set Emera Incorporated (TSE:EMA) Price Target at C$57.10

Shares of Emera Incorporated (TSE:EMA) have been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are covering the company, MarketBeat Ratings reports. Three equities 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 company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$57.10.

Several research analysts recently weighed in on the stock. Royal Bank of Canada boosted their price target on shares of Emera from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Scotiabank boosted their target price on Emera from C$55.00 to C$60.00 in a research note on Thursday, December 5th. BMO Capital Markets increased their price target on Emera from C$54.00 to C$58.00 in a research report on Thursday, December 5th. JPMorgan Chase & Co. upgraded Emera from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from C$51.00 to C$56.00 in a report on Thursday, December 12th. Finally, Wells Fargo & Company upped their price objective on Emera from C$51.00 to C$56.00 in a research note on Monday, December 9th.

Emera Price Performance

Shares of TSE:EMA opened at C$53.18 on Friday. Emera has a 1-year low of C$44.13 and a 1-year high of C$56.20. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 155.62. The stock has a market cap of C$15.34 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. The stock’s fifty day simple moving average is C$52.95 and its two-hundred day simple moving average is C$50.84.

Emera Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 15th were issued a $0.725 dividend. This represents a $2.90 annualized dividend and a yield of 5.45%. The ex-dividend date was Friday, November 1st. Emera’s dividend payout ratio (DPR) is presently 112.84%.

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.