Emera Incorporated (TSE:EMA) Receives C$76.67 Average PT from Brokerages

Emera Incorporated (TSE:EMA) has been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$76.67.

Several analysts have weighed in on the stock. Royal Bank Of Canada boosted their target price on shares of Emera from C$76.00 to C$84.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Barclays decreased their price target on shares of Emera from C$74.00 to C$71.00 in a report on Monday, August 10th. BMO Capital Markets lifted their price objective on shares of Emera from C$76.00 to C$80.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Scotiabank lifted their price objective on shares of Emera from C$78.00 to C$80.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 21st. Finally, TD boosted their price objective on shares of Emera from C$77.00 to C$79.00 and gave the company a “buy” rating in a report on Monday, August 10th.

Insiders Place Their Bets

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

Emera Price Performance

Shares of TSE EMA opened at C$69.51 on Thursday. Emera has a fifty-two week low of C$63.17 and a fifty-two week high of C$77.99. The company has a market cap of C$21.26 billion, a PE ratio of 22.07, a P/E/G ratio of 6.20 and a beta of 0.57. The company has a debt-to-equity ratio of 153.87, a quick ratio of 0.23 and a current ratio of 0.73. The business has a 50-day simple moving average of C$73.89 and a two-hundred day simple moving average of C$72.51.

Emera (TSE:EMA) last posted its quarterly earnings data on Friday, August 7th. The company reported C$0.69 earnings per share (EPS) for the quarter. The firm had revenue of C$2.01 billion for the quarter. Emera had a net margin of 12.85% and a return on equity of 7.51%. As a group, equities analysts expect that Emera will post 3.1991627 EPS for the current fiscal year.

Emera Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 17th were given a dividend of $0.7325 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $2.93 dividend on an annualized basis and a yield of 4.2%. Emera’s payout ratio is currently 92.78%.

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.