Emera Inc (EMA) Receives C$53.17 Average Target Price from Brokerages
Emera Inc (TSE:EMA) has earned an average recommendation of “Hold” from the ten research firms that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$53.17.
A number of equities analysts recently commented on EMA shares. CIBC raised their price target on shares of Emera from C$54.00 to C$56.00 in a research report on Friday, September 29th. Barclays PLC raised their target price on shares of Emera from C$53.00 to C$54.00 in a report on Monday, August 14th. BMO Capital Markets raised their target price on shares of Emera from C$51.00 to C$52.00 and gave the company a “market perform” rating in a report on Monday. Finally, TD Securities raised their target price on shares of Emera from C$51.00 to C$53.00 and gave the company a “buy” rating in a report on Monday, August 14th.
Emera (EMA) traded up 0.23% during mid-day trading on Tuesday, reaching $48.04. 156,976 shares of the company were exchanged. Emera has a 12-month low of $43.76 and a 12-month high of $49.24. The company’s 50 day moving average price is $47.24 and its 200-day moving average price is $47.40. The stock has a market capitalization of $10.19 billion and a price-to-earnings ratio of 25.18.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st will be issued a $0.565 dividend. This is a positive change from Emera’s previous quarterly dividend of $0.52. This represents a $2.26 annualized dividend and a yield of 4.72%. The ex-dividend date is Tuesday, October 31st.
In other Emera news, insider Bruce Marchand sold 1,300 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of C$47.06, for a total value of C$61,178.00.
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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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