Emera Incorporated (TSE:EMA - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$63.31 and last traded at C$63.28, with a volume of 709748 shares changing hands. The stock had previously closed at C$62.68.
Analysts Set New Price Targets
A number of analysts have issued reports on EMA shares. BMO Capital Markets raised their target price on Emera from C$60.00 to C$65.00 and gave the company an "outperform" rating in a report on Friday, May 9th. TD Securities raised Emera to a "strong-buy" rating and set a C$69.00 price objective on the stock in a report on Friday, June 27th. Desjardins set a C$62.00 price objective on Emera and gave the stock a "hold" rating in a report on Tuesday, May 6th. CIBC lifted their price objective on Emera from C$63.00 to C$64.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Finally, Raymond James Financial decreased their price objective on Emera from C$64.00 to C$59.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$60.58.
Get Our Latest Stock Report on Emera
Emera Trading Up 0.7%
The business has a 50 day moving average of C$61.56 and a two-hundred day moving average of C$59.09. The company has a debt-to-equity ratio of 150.23, a quick ratio of 0.23 and a current ratio of 0.72. The firm has a market capitalization of C$18.69 billion, a price-to-earnings ratio of 24.71, a P/E/G ratio of 6.20 and a beta of 0.35.
Emera Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a dividend of $0.725 per share. This represents a $2.90 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date is Friday, August 1st. Emera's dividend payout ratio is currently 112.40%.
Emera Company Profile
(
Get Free Report)
Emera is a geographically diverse energy and services company investing in electricity generation, transmission, and distribution as well as gas transmission and utility energy services. Emera has operations throughout North America and the Caribbean countries.
See Also
Before you consider Emera, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Emera wasn't on the list.
While Emera currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
