Emera (TSE:EMA) Upgraded at CIBC

CIBC upgraded shares of Emera (TSE:EMA) from a neutral rating to an outperform rating in a research report sent to investors on Monday,BayStreet.CA reports. CIBC currently has C$58.00 target price on the stock, up from their prior target price of C$54.00.

A number of other equities analysts have also commented on the stock. Scotiabank raised their price objective on shares of Emera from C$52.00 to C$55.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. National Bankshares raised their price objective on shares of Emera from C$49.00 to C$54.00 and gave the stock a “sector perform” rating in a research note on Friday, August 23rd. Raymond James raised their price objective on shares of Emera from C$54.00 to C$57.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Royal Bank of Canada lifted their target price on shares of Emera from C$57.00 to C$60.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Finally, Bank of America raised shares of Emera from a “neutral” rating to a “buy” rating and lifted their target price for the company from C$55.00 to C$57.00 in a research note on Monday, November 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$53.10.

Emera Trading Up 1.6 %

Shares of TSE:EMA opened at C$55.13 on Monday. The stock has a market capitalization of C$15.90 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 6.20 and a beta of 0.35. Emera has a 1-year low of C$44.13 and a 1-year high of C$55.29. The company has a debt-to-equity ratio of 155.62, a quick ratio of 0.23 and a current ratio of 0.79. The company has a 50 day moving average price of C$52.14 and a 200 day moving average price of C$49.77.

Emera Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were issued a dividend of $0.725 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.90 dividend on an annualized basis and a dividend yield of 5.26%. Emera’s dividend payout ratio is currently 112.84%.

Emera Company Profile

Emera Incorporated, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments.