Brokerages Set Emera Incorporated (TSE:EMA) Price Target at C$74.39

Shares of Emera Incorporated (TSE:EMA) have received an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$74.39.

Several equities analysts recently commented on the stock. Barclays set a C$72.00 price target on shares of Emera and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Bank of America upped their price objective on Emera from C$73.00 to C$74.00 in a research report on Wednesday, April 8th. National Bank Financial upped their price target on shares of Emera from C$69.00 to C$75.00 and gave the stock a “sector perform” rating in a report on Monday, June 1st. TD raised their price target on shares of Emera from C$75.00 to C$77.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Finally, Raymond James Financial raised their target price on shares of Emera from C$74.50 to C$75.25 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th.

Insider Buying and Selling at Emera

In other Emera news, insider Richard Janega sold 16,500 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of C$74.25, for a total value of C$1,225,125.00. Following the completion of the sale, the insider directly owned 19,642 shares in the company, valued at approximately C$1,458,418.50. This represents a 45.65% decrease in their position. Corporate insiders own 0.09% of the company’s stock.

Emera Stock Up 0.1%

TSE EMA opened at C$76.17 on Wednesday. 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 company has a fifty day moving average of C$73.35 and a two-hundred day moving average of C$71.22. The firm has a market capitalization of C$23.30 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 6.20 and a beta of 0.57. Emera has a 52 week low of C$61.63 and a 52 week high of C$76.46.

Emera (TSE:EMA) last posted its quarterly earnings data on Friday, May 8th. The company reported C$1.37 earnings per share for the quarter. The business had revenue of C$2.81 billion for the quarter. Emera had a net margin of 13.20% and a return on equity of 7.90%. On average, analysts predict that Emera will post 3.1991627 earnings per share for the current year.

Emera Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were issued a dividend of $0.7325 per share. This represents a $2.93 annualized dividend and a yield of 3.8%. The ex-dividend date was Friday, May 1st. Emera’s dividend payout ratio (DPR) is presently 89.14%.

Emera Company Profile

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.