Shares of Emera Inc (TSE:EMA) have been given an average recommendation of “Hold” by the nine brokerages that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$53.06.
Several equities research analysts recently weighed in on EMA shares. Barclays PLC boosted their target price on Emera from C$51.00 to C$55.00 in a report on Friday, April 21st. TD Securities boosted their target price on Emera from C$51.00 to C$53.00 and gave the stock a “buy” rating in a report on Monday, August 14th.
Emera (TSE EMA) traded down 0.17% during mid-day trading on Monday, hitting $47.24. 269,273 shares of the stock were exchanged. Emera has a 52 week low of $43.76 and a 52 week high of $49.24. The company has a 50 day moving average price of $47.06 and a 200 day moving average price of $47.00. The stock has a market cap of $10.02 billion and a price-to-earnings ratio of 24.76.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 15th were issued a dividend of $0.5225 per share. The ex-dividend date was Friday, July 28th. This represents a $2.09 dividend on an annualized basis and a dividend yield of 4.42%.
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About Emera
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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