Emera Inc (EMA) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Emera Inc (TSE:EMA) have been given a consensus rating of “Hold” by the eleven ratings firms that are presently covering the firm. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$54.14.
Several research analysts have recently issued reports on EMA shares. CIBC lifted their price target on Emera from C$49.00 to C$53.00 in a research note on Wednesday, July 20th. Scotiabank reaffirmed a “sector perform” rating and set a C$49.00 price target on shares of Emera in a research note on Tuesday, August 9th. Raymond James Financial Inc. reaffirmed a “market perform” rating and set a C$51.50 price target on shares of Emera in a research note on Thursday, September 22nd. CSFB lifted their price target on Emera from C$54.00 to C$58.00 in a research note on Monday, July 25th. Finally, BMO Capital Markets lifted their price target on Emera from C$50.00 to C$52.00 in a research note on Thursday, July 7th.
Emera (TSE:EMA) opened at 46.51 on Tuesday. The stock has a 50 day moving average of $47.10 and a 200-day moving average of $47.44. Emera has a 12 month low of $41.32 and a 12 month high of $50.19. The stock has a market cap of $9.27 billion and a P/E ratio of 14.49.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 15th will be issued a $0.5225 dividend. This represents a $2.09 annualized dividend and a yield of 4.49%. The ex-dividend date of this dividend is Friday, October 28th.
In other Emera news, Director Allan Leslie Edgeworth purchased 567 shares of the stock in a transaction on Friday, August 5th. The stock was bought at an average price of C$49.28 per share, for a total transaction of C$27,941.76. Also, Director Christopher Huskilson purchased 4,000 shares of the stock in a transaction on Thursday, October 6th. The stock was acquired at an average price of C$45.70 per share, with a total value of C$182,800.00.
Emera Company Profile
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.
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