Emera Incorporated (TSE:EMA) Stock Has Consensus Price Target of C$76.25

Emera Incorporated (TSE:EMA) has been given an average recommendation of “Moderate Buy” by the nine ratings firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$76.25.

EMA has been the subject of several research reports. Barclays dropped their price objective on shares of Emera from C$74.00 to C$71.00 in a report on Monday, August 10th. Royal Bank Of Canada raised their price objective on Emera from C$76.00 to C$84.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. TD reduced their target price on Emera from C$79.00 to C$75.00 and set a “buy” rating on the stock in a report on Wednesday, October 7th. BMO Capital Markets lifted their target price on Emera from C$76.00 to C$80.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Finally, Scotiabank boosted their target price on Emera from C$78.00 to C$80.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 21st.

Emera Price Performance

Shares of TSE:EMA opened at C$67.48 on Friday. 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 firm has a fifty day moving average price of C$68.73 and a 200 day moving average price of C$71.81. Emera has a fifty-two week low of C$64.62 and a fifty-two week high of C$77.99. The firm has a market cap of C$20.73 billion, a price-to-earnings ratio of 21.42, a P/E/G ratio of 6.20 and a beta of 0.42.

Emera (TSE:EMA) last announced its quarterly earnings results on Friday, August 7th. The company reported C$0.69 earnings per share (EPS) for the quarter. The company 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, sell-side analysts expect that Emera will post 3.20 earnings per share for the current fiscal year.

Emera Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, November 13th will be issued a dividend of $0.74 per share. The ex-dividend date is Friday, October 30th. This represents a $2.96 annualized dividend and a yield of 4.4%. This is a boost from Emera’s previous quarterly dividend of $0.7325. Emera’s dividend payout ratio (DPR) is 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.