Emera Incorporated (TSE:EMA - Get Free Report) declared a quarterly dividend on Thursday, May 1st, RTT News reports. Investors of record on Thursday, May 1st will be given a dividend of 0.725 per share on Thursday, May 15th. This represents a $2.90 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date of this dividend is Thursday, May 1st.
Emera Stock Performance
EMA traded up C$0.59 during midday trading on Wednesday, hitting C$60.20. 182,590 shares of the company were exchanged, compared to its average volume of 1,465,595. The firm has a market capitalization of C$17.65 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. The company's 50 day simple moving average is C$58.41 and its 200 day simple moving average is C$54.97. The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23. Emera has a 1-year low of C$44.13 and a 1-year high of C$63.13.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the company. BMO Capital Markets lifted their price target on Emera from C$58.00 to C$60.00 in a research report on Monday, February 24th. Raymond James boosted their target price on shares of Emera from C$57.00 to C$59.00 in a research note on Monday, February 24th. Scotiabank raised their price target on shares of Emera from C$60.00 to C$62.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Royal Bank of Canada upped their price objective on shares of Emera from C$60.00 to C$63.00 in a research report on Monday, February 24th. Finally, UBS Group raised their target price on Emera from C$54.00 to C$59.00 in a research report on Friday, March 21st. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Emera presently has an average rating of "Moderate Buy" and an average target price of C$58.55.
Check Out Our Latest Research Report on EMA
About Emera
(
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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.
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