Emera Incorporated (TSE:EMA) Receives Average Rating of “Moderate Buy” from Analysts

Emera Incorporated (TSE:EMAGet Rating) has been given a consensus recommendation of “Moderate Buy” by the twelve research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is C$59.36.

EMA has been the topic of a number of research reports. CIBC lowered their target price on shares of Emera from C$55.00 to C$54.00 and set a “neutral” rating on the stock in a research report on Monday, November 14th. Scotiabank decreased their price target on Emera from C$69.00 to C$59.00 in a report on Thursday, October 20th. BMO Capital Markets decreased their price target on Emera from C$63.00 to C$61.00 in a report on Monday, November 14th. TD Securities decreased their price target on Emera from C$64.00 to C$63.00 and set a “buy” rating for the company in a report on Monday, November 14th. Finally, UBS Group decreased their price target on Emera from C$67.00 to C$62.00 in a report on Tuesday, November 15th.

Emera Stock Performance

Shares of EMA opened at C$51.32 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.23 and a debt-to-equity ratio of 164.95. The firm has a market cap of C$13.77 billion and a PE ratio of 24.56. The company’s 50 day simple moving average is C$54.25 and its 200-day simple moving average is C$58.84. Emera has a 12-month low of C$48.63 and a 12-month high of C$65.23.

Emera Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 15th were issued a dividend of $0.69 per share. The ex-dividend date was Monday, October 31st. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.38%. This is a boost from Emera’s previous quarterly dividend of $0.66. Emera’s payout ratio is presently 125.60%.

About Emera

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Emera Incorporated, an energy and services company, 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.

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Analyst Recommendations for Emera (TSE:EMA)

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