Emera Incorporated (TSE:EMA - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$55.79 and traded as high as C$61.51. Emera shares last traded at C$60.75, with a volume of 2,795,595 shares traded.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the stock. BMO Capital Markets upped their target price on shares of Emera from C$58.00 to C$60.00 in a report on Monday, February 24th. Royal Bank of Canada increased their price objective on Emera from C$60.00 to C$63.00 in a research report on Monday, February 24th. Raymond James dropped their target price 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. UBS Group lifted their price objective on shares of Emera from C$54.00 to C$59.00 in a research report on Friday, March 21st. Finally, Scotiabank upped their price objective on shares of Emera from C$60.00 to C$62.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$58.64.
Check Out Our Latest Stock Analysis on Emera
Emera Stock Down 1.0 %
The firm has a 50 day moving average of C$59.65 and a two-hundred day moving average of C$55.79. The stock has a market capitalization of C$17.81 billion, a PE ratio of 23.55, a P/E/G ratio of 6.20 and a beta of 0.35. 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 Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.725 per share. This represents a $2.90 annualized dividend and a dividend yield of 4.77%. The ex-dividend date is Thursday, May 1st. Emera's dividend payout ratio (DPR) is presently 112.40%.
About Emera
(
Get Free Report)
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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