Emera Incorporated (TSE:EMA) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Emera Incorporated (TSE:EMA) has received an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$74.39.

A number of research firms have recently weighed in on EMA. Barclays set a C$72.00 target price on Emera and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. TD upped their price objective on Emera from C$75.00 to C$77.00 and gave the company a “buy” rating in a report on Monday, May 11th. Desjardins increased their target price on Emera from C$69.00 to C$70.00 and gave the company a “hold” rating in a research note on Tuesday, April 28th. National Bank Financial increased their target price on Emera from C$69.00 to C$75.00 and gave the company a “sector perform” rating in a research note on Monday, June 1st. Finally, Raymond James Financial increased their target price on Emera from C$74.50 to C$75.25 and gave the company an “outperform” rating in a research note on Tuesday, April 28th.

Emera Trading Up 1.0%

EMA stock opened at C$73.50 on Friday. The company has a market cap of C$22.48 billion, a P/E ratio of 22.48, a PEG ratio of 6.20 and a beta of 0.57. Emera has a twelve month low of C$60.50 and a twelve month high of C$74.80. The company has a quick ratio of 0.23, a current ratio of 1.07 and a debt-to-equity ratio of 168.83. The business has a fifty day moving average of C$72.18 and a 200-day moving average of C$69.92.

Emera (TSE:EMA) last released its earnings results on Friday, May 8th. The company reported C$1.37 earnings per share for the quarter. The company had revenue of C$2.81 billion during the quarter. Emera had a return on equity of 7.90% and a net margin of 13.20%. As a group, equities research analysts expect that Emera will post 3.1991627 EPS for the current year.

Emera Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were paid a $0.7325 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $2.93 annualized dividend and a yield of 4.0%. Emera’s dividend payout ratio is presently 89.14%.

About Emera

Emera (TSX/NYSE: EMA) is a leading North American provider of energy services headquartered in Halifax, Nova Scotia, with investments in regulated electric and natural gas utilities, and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.7 million customers in the United States, Canada and the Caribbean. Our team of 7,800 employees is committed to our purpose of energizing modern life and delivering a cleaner energy future for all. Emera’s common and preferred shares are listed and trade on the Toronto Stock Exchange and its common shares are listed and trade on the New York Stock Exchange.