Royal Bank Of Canada reaffirmed their outperform rating on shares of Emera Inc (TSE:EMA) in a research note issued to investors on Tuesday morning, reports. The firm currently has a C$62.00 target price on the stock, up from their previous target price of C$60.00.

Several other research analysts have also recently commented on EMA. National Bank Financial boosted their price target on Emera from C$52.00 to C$55.00 in a research note on Monday, July 18th. CIBC boosted their price target on Emera from C$49.00 to C$53.00 in a research note on Wednesday, July 20th. CSFB boosted their price target on Emera from C$54.00 to C$58.00 in a research note on Monday, July 25th. Scotiabank reiterated a sector perform rating and issued a C$49.00 price target on shares of Emera in a research note on Tuesday, August 9th. Finally, RBC Capital Markets upped their price objective on Emera from C$56.00 to C$60.00 in a research note on Wednesday, August 10th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of Hold and an average price target of C$54.59.

Emera (TSE:EMA) opened at 45.00 on Tuesday. Emera has a 12 month low of $41.32 and a 12 month high of $50.19. The firm’s 50 day moving average is $46.69 and its 200-day moving average is $47.33. The firm has a market cap of $8.97 billion and a price-to-earnings ratio of 14.02.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 15th will be paid a dividend of $0.5225 per share. This represents a $2.09 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date is Friday, October 28th.

In other news, Director Christopher Huskilson purchased 4,000 shares of the firm’s stock in a transaction on Thursday, October 6th. The stock was purchased at an average cost of C$45.70 per share, with a total value of C$182,800.00.

About Emera

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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