Emera Incorporated (EMA.TO) – What Are Analysts Saying About This Stock?

Emera Incorporated (TSE:EMA) has received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating 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$76.25.

A number of research firms have weighed in on EMA. Raymond James Financial increased their price target on shares of Emera from C$75.25 to C$77.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. TD lowered their price objective on shares of Emera from C$79.00 to C$75.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. National Bank Financial upped their price objective on Emera from C$73.00 to C$74.00 and gave the stock a “sector perform” rating in a report on Thursday, October 8th. BMO Capital Markets increased their target price on Emera from C$76.00 to C$80.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. lifted their target price on Emera from C$73.00 to C$79.00 in a report on Tuesday, July 21st.

Emera Trading Up 3.9%

TSE EMA opened at C$69.24 on Friday. Emera has a 12 month low of C$64.62 and a 12 month high of C$77.99. The company has a 50-day moving average of C$68.40 and a 200-day moving average of C$71.64. The company has a debt-to-equity ratio of 153.87, a current ratio of 0.73 and a quick ratio of 0.23. The company has a market cap of C$21.27 billion, a P/E ratio of 21.98, a P/E/G ratio of 6.20 and a beta of 0.42.

Emera (TSE:EMA) last released its earnings results on Friday, August 7th. The company reported C$0.69 earnings per share (EPS) for the quarter. Emera had a net margin of 12.85% and a return on equity of 7.51%. The business had revenue of C$2.01 billion for the quarter. As a group, equities analysts predict that Emera will post 3.20 earnings per share for the current year.

Emera Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, November 13th will be issued a $0.74 dividend. This is a positive change from Emera’s previous quarterly dividend of $0.7325. The ex-dividend date is Friday, October 30th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 4.3%. Emera’s dividend payout ratio (DPR) is 92.78%.

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.