Emera Inc (EMA) Given Average Recommendation of “Hold” by Brokerages
Shares of Emera Inc (TSE:EMA) have been given a consensus rating of “Hold” by the ten analysts that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$53.17.
Several equities analysts have recently weighed in on EMA shares. Barclays PLC lifted their price objective on Emera from C$53.00 to C$54.00 in a report on Monday, August 14th. CIBC lifted their target price on Emera from C$54.00 to C$56.00 in a research report on Friday, September 29th. TD Securities lifted their target price on Emera from C$51.00 to C$53.00 and gave the company a “buy” rating in a research report on Monday, August 14th. Finally, BMO Capital Markets lifted their target price on Emera from C$51.00 to C$52.00 and gave the company a “market perform” rating in a research report on Monday, October 2nd.
Emera (TSE:EMA) opened at 48.92 on Friday. The firm has a market cap of $10.38 billion and a P/E ratio of 25.64. Emera has a one year low of $43.76 and a one year high of $49.24. The stock has a 50 day moving average price of $47.49 and a 200-day moving average price of $47.55.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be given a $0.565 dividend. This represents a $2.26 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date is Tuesday, October 31st. This is a positive change from Emera’s previous quarterly dividend of $0.52.
In related news, insider Daniel Muldoon sold 16,700 shares of Emera stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of C$47.33, for a total value of C$790,411.00. Also, insider Bruce Marchand sold 1,300 shares of Emera stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of C$47.06, for a total value of C$61,178.00.
Emera Company Profile
Emera Incorporated is an energy and services company, which invests in electricity generation, transmission and distribution, gas transmission and utility services. The Company operates through six segments: Emera Florida and New Mexico; Nova Scotia Power Inc (NSPI); Emera Maine; Emera Caribbean; Emera Energy, and Corporate and Other.
Receive News & Ratings for Emera Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emera Inc and related companies with MarketBeat.com's FREE daily email newsletter.