Emera Inc (TSE:EMA) Receives Average Rating of “Buy” from Analysts
Emera Inc (TSE:EMA) has been given a consensus rating of “Hold” by the nine brokerages that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$53.06.
Several equities research analysts have recently weighed in on EMA shares. Barclays PLC increased their price objective on Emera from C$51.00 to C$55.00 in a research report on Friday, April 21st. TD Securities increased their price objective on Emera from C$51.00 to C$53.00 and gave the company a “buy” rating in a research report on Monday.
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Shares of Emera (TSE EMA) traded up 0.45% during mid-day trading on Monday, hitting $47.16. 294,526 shares of the company were exchanged. The stock’s 50-day moving average price is $47.29 and its 200 day moving average price is $46.94. Emera has a 12-month low of $43.76 and a 12-month high of $49.24. The stock has a market cap of $9.95 billion and a PE ratio of 17.92.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 15th will be given a $0.5225 dividend. The ex-dividend date is Friday, July 28th. This represents a $2.09 annualized dividend and a dividend yield of 4.45%.
Emera Incorporated is an energy and services company, which invests in electricity generation, transmission and distribution, gas transmission and utility services. The Company operates through six segments: Emera Florida and New Mexico; Nova Scotia Power Inc (NSPI); Emera Maine; Emera Caribbean; Emera Energy, and Corporate and Other.
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