Emera Incorporated (TSE: EMA) Receives Consensus Rating of “Hold” by Brokerages

Emera Incorporated (TSE:EMA – Get Rating) has been assigned an average rating of “moderate buy” by the eleven analysts who currently cover the company, reports MarketBeat Ratings. Three equity research analysts rated the stock with a hold recommendation and three gave the company a buy recommendation. The 1-year average target price among analysts who have updated their coverage of the stock in the past year is C$66.00.

EMA has been the subject of several recent research reports. National Bankshares raised its price target on Emera shares from C$59.00 to C$60.00 and gave the stock an ‘sector yield’ rating in a Monday, May 16 research note. . Royal Bank of Canada raised its price target on Emera shares from C$66.00 to C$72.00 and gave the stock an ‘outperform’ rating in a Tuesday 17 research report. may. JPMorgan Chase & Co. raised its price target on Emera shares from C$59.00 to C$63.00 in a Tuesday, August 23 research report. Finally, Bank of America moved Emera shares from a “neutral” rating to a “buy” rating and raised its target price for the stock from C$65.00 to C$68.99 in a research report of Tuesday, August 16.

Emera stock up 0.2%

EMA stock opened Wednesday at C$61.44. Emera has a 52-week low of C$56.87 and a 52-week high of C$65.23. The company has a market cap of C$16.33 billion and a price-earnings ratio of 29.40. The company’s 50-day moving average is C$60.87 and its two-hundred-day moving average is C$61.42. The company has a current ratio of 0.67, a quick ratio of 0.25 and a debt ratio of 161.79.

Emera increases its dividend

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A share doubles your money during the crisis?

We all knew this would end at some point, right? We had one of the longest bull markets in history, with the S&P surging more than 800%. But now the hens have come in to roost.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 15. Shareholders of record on Tuesday August 2 received a dividend of $0.663. This represents a dividend of $2.65 on an annualized basis and a dividend yield of 4.32%. This is a boost from Emera’s previous quarterly dividend of $0.66. The ex-dividend date was Friday, July 29. Emera’s payout ratio is currently 125.60%.

Emera Company Profile

(Get a rating)

Emera Incorporated, an energy and utility company, through its subsidiaries, is engaged in the generation, transmission and distribution of electricity to various customers. The Company operates through Florida Electric Utilities, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure and Other segments.

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Analyst recommendations for Emera (TSE: EMA)

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