Emera (TSE:EMA) Rating Increased to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Emera (TSE:EMA) from an underperform rating to a neutral rating in a report published on Thursday morning,BayStreet.CA reports. JPMorgan Chase & Co. currently has C$56.00 price target on the stock, up from their prior price target of C$51.00.

A number of other analysts have also recently issued reports on EMA. CIBC raised Emera from a “neutral” rating to an “outperform” rating and increased their target price for the stock from C$54.00 to C$58.00 in a research note on Monday, December 2nd. Cibc World Mkts raised shares of Emera from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. National Bankshares increased their target price on Emera from C$54.00 to C$55.00 in a report on Thursday, December 5th. BMO Capital Markets boosted their price target on Emera from C$54.00 to C$58.00 in a report on Thursday, December 5th. Finally, Wells Fargo & Company lifted their target price on Emera from C$51.00 to C$56.00 in a research report on Monday. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Emera presently has a consensus rating of “Moderate Buy” and a consensus price target of C$57.10.

Emera Stock Up 0.3 %

TSE:EMA opened at C$54.57 on Thursday. Emera has a 1 year low of C$44.13 and a 1 year high of C$56.20. The stock has a 50-day moving average price of C$52.43 and a two-hundred day moving average price of C$50.01. The stock has a market cap of C$15.74 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 6.20 and a beta of 0.35. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were paid a dividend of $0.725 per share. The ex-dividend date was Friday, November 1st. This represents a $2.90 annualized dividend and a dividend yield of 5.31%. Emera’s dividend payout ratio is presently 112.84%.

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.