Emera Inc (TSE:EMA) has been given an average rating of “Hold” by the nine ratings firms that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$53.06.
A number of equities research analysts have weighed in on the stock. Barclays PLC lifted their price target on shares of Emera from C$53.00 to C$54.00 in a research report on Monday, August 14th. TD Securities lifted their price target on shares of Emera from C$51.00 to C$53.00 and gave the company a “buy” rating in a research report on Monday, August 14th.
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Shares of Emera (TSE:EMA) traded down 0.59% during trading on Friday, reaching $47.39. 564,427 shares of the company traded hands. The firm has a 50 day moving average of $47.26 and a 200 day moving average of $47.25. Emera has a 52 week low of $43.76 and a 52 week high of $49.24. The stock has a market capitalization of $10.06 billion and a PE ratio of 24.84.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 15th were issued a $0.5225 dividend. The ex-dividend date was Friday, July 28th. This represents a $2.09 dividend on an annualized basis and a yield of 4.41%.
Emera Company Profile
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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