Emera Inc (TSE:EMA) has received a consensus rating of “Hold” from the twelve research firms that are covering the company. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$54.14.
A number of analysts have commented on the stock. National Bank Financial cut their price objective on shares of Emera from C$55.00 to C$54.00 and set a “sector perform” rating for the company in a report on Tuesday, August 9th. Royal Bank Of Canada increased their price objective on shares of Emera from C$56.00 to C$60.00 in a report on Thursday, August 11th. BMO Capital Markets increased their price objective on shares of Emera from C$50.00 to C$52.00 in a report on Thursday, July 7th. TD Securities increased their price objective on shares of Emera from C$50.00 to C$52.00 and gave the company a “buy” rating in a report on Wednesday, August 10th. Finally, RBC Capital Markets raised their price target on shares of Emera from C$56.00 to C$60.00 in a report on Wednesday, August 10th.
In related news, Director Allan Leslie Edgeworth bought 567 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The stock was purchased at an average price of C$49.28 per share, for a total transaction of C$27,941.76. Also, Director Christopher Huskilson bought 4,000 shares of the company’s stock in a transaction that occurred on Thursday, October 6th. The stock was bought at an average price of C$45.70 per share, with a total value of C$182,800.00.
Shares of Emera (TSE:EMA) opened at 46.17 on Tuesday. The stock has a market cap of $9.21 billion and a price-to-earnings ratio of 14.38. The firm’s 50-day moving average price is $47.15 and its 200-day moving average price is $47.45. Emera has a 12-month low of $41.32 and a 12-month high of $50.19.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 15th will be issued a dividend of $0.5225 per share. The ex-dividend date of this dividend is Friday, October 28th. This represents a $2.09 dividend on an annualized basis and a dividend yield of 4.53%.
Emera Incorporated is an energy and services company that invests in electricity generation, transmission and distribution, as well as gas transmission and utility services. The Company operates through six segments: NSPI; Emera Maine; Emera Caribbean, which includes Emera (Caribbean) Incorporated and its subsidiaries, which includes The Barbados Light & Power Company Limited, Dominica Electricity Services Ltd., Grand Bahama Power Company Limited, Emera Utility Services (Bahamas) Limited and an equity investment in St.
Receive News & Ratings for Emera Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Emera Inc and related companies with MarketBeat.com's FREE daily email newsletter.