Emera Incorporated (TSE:EMA) Receives C$64.33 Consensus Target Price from Analysts

Emera Incorporated (TSE:EMA) has been assigned an average rating of “Moderate Buy” from the eleven brokerages that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$64.50.

Several analysts have recently issued reports on EMA shares. Royal Bank Of Canada upped their price target on Emera from C$69.00 to C$70.00 and gave the stock an “outperform” rating in a research note on Monday, August 11th. Cibc World Mkts cut Emera from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. BMO Capital Markets increased their target price on Emera from C$65.00 to C$68.00 in a report on Monday, August 11th. Scotiabank increased their target price on Emera from C$70.00 to C$72.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Finally, CIBC cut Emera from an “outperform” rating to a “neutral” rating and increased their target price for the stock from C$65.00 to C$68.00 in a report on Monday, August 11th.

Emera Stock Performance

Shares of TSE EMA opened at C$68.61 on Monday. The business’s 50-day moving average price is C$65.53 and its two-hundred day moving average price is C$62.87. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23. Emera has a one year low of C$49.46 and a one year high of C$68.65. The company has a market capitalization of C$20.53 billion, a P/E ratio of 23.26, a price-to-earnings-growth ratio of 6.20 and a beta of 0.46.

Emera Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 15th were given a dividend of $0.725 per share. The ex-dividend date was Friday, August 1st. This represents a $2.90 dividend on an annualized basis and a yield of 4.2%. Emera’s dividend payout ratio is 98.05%.

Insider Buying and Selling

In related news, Director Judy Ann Steele sold 794 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of C$64.90, for a total transaction of C$51,530.60. Following the sale, the director directly owned 352 shares in the company, valued at C$22,844.80. This represents a 69.28% decrease in their position. Also, Director Archibald Collins sold 30,600 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of C$64.95, for a total value of C$1,987,470.00. Following the sale, the director owned 13,045 shares in the company, valued at approximately C$847,272.75. This trade represents a 70.11% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 49,494 shares of company stock worth $3,213,691. 0.09% of the stock is owned by corporate insiders.

Emera Company Profile

Emera is a geographically diverse energy and services company investing in electricity generation, transmission, and distribution as well as gas transmission and utility energy services. Emera has operations throughout North America and the Caribbean countries.