Emera (TSE:EMA) Price Target Lowered to C$59.00 at Raymond James

Emera (TSE:EMA) had its target price reduced by Raymond James from C$64.00 to C$59.00 in a report published on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities research analysts also recently issued reports on EMA. UBS Group lifted their price objective on Emera from C$54.00 to C$59.00 in a report on Friday, March 21st. CIBC lifted their price target on shares of Emera from C$59.00 to C$63.00 in a research note on Friday, April 4th. Scotiabank increased their price objective on shares of Emera from C$60.00 to C$62.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. BMO Capital Markets boosted their target price on shares of Emera from C$58.00 to C$60.00 in a research report on Monday, February 24th. Finally, Royal Bank of Canada upped their target price on shares of Emera from C$60.00 to C$63.00 in a research note on Monday, February 24th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Emera presently has an average rating of “Moderate Buy” and a consensus price target of C$58.55.

Emera Stock Performance

TSE:EMA opened at C$61.03 on Thursday. Emera has a 1-year low of C$44.13 and a 1-year high of C$63.13. The stock has a market cap of C$17.89 billion, a P/E ratio of 23.66, a PEG ratio of 6.20 and a beta of 0.35. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23. The firm has a 50-day moving average of C$58.61 and a two-hundred day moving average of C$55.07.

Emera Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.725 per share. The ex-dividend date is Thursday, May 1st. This represents a $2.90 dividend on an annualized basis and a yield of 4.75%. Emera’s dividend payout ratio is currently 112.40%.

About Emera

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.