Emera Incorporated (TSE:EMA) Receives Consensus Rating of “Hold” from Analysts

Emera Incorporated (TSE:EMA) has been given an average rating of “Hold” by the ten analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$51.80.

A number of equities analysts have weighed in on the stock. Raymond James increased their price target on shares of Emera from C$54.00 to C$57.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. National Bankshares lifted their target price on Emera from C$49.00 to C$54.00 and gave the company a “sector perform” rating in a report on Friday, August 23rd. Royal Bank of Canada dropped their price target on Emera from C$60.00 to C$57.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. CIBC reduced their price objective on Emera from C$51.00 to C$50.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Finally, Scotiabank increased their target price on shares of Emera from C$52.00 to C$55.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 20th.

Emera Stock Performance

Emera stock opened at C$53.29 on Thursday. The stock has a fifty day moving average price of C$50.81 and a 200 day moving average price of C$48.38. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 155.62. Emera has a 52 week low of C$43.67 and a 52 week high of C$53.83. The firm has a market capitalization of C$15.37 billion, a P/E ratio of 20.74, a PEG ratio of 2.77 and a beta of 0.34.

Emera (TSE:EMA) last posted its quarterly earnings data on Friday, August 9th. The company reported C$0.53 EPS for the quarter, missing analysts’ consensus estimates of C$0.56 by C($0.03). Emera had a net margin of 10.83% and a return on equity of 6.60%. The company had revenue of C$1.62 billion for the quarter, compared to analyst estimates of C$1.67 billion. Equities research analysts anticipate that Emera will post 3.1690821 earnings per share for the current year.

Emera Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, November 14th will be paid a $0.725 dividend. The ex-dividend date is Thursday, October 3rd. This is an increase from Emera’s previous quarterly dividend of $0.72. This represents a $2.90 annualized dividend and a dividend yield of 5.44%. Emera’s dividend payout ratio is 111.67%.

Emera Company Profile

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.