Emera Incorporated (TSE:EMA - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$59.01 and traded as high as C$62.83. Emera shares last traded at C$62.68, with a volume of 454,211 shares changing hands.
Analyst Ratings Changes
EMA has been the subject of a number of recent research reports. CIBC upped their target price on Emera from C$63.00 to C$64.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Raymond James Financial decreased their target price on Emera from C$64.00 to C$59.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. BMO Capital Markets raised their target price on Emera from C$60.00 to C$65.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. TD Securities raised Emera to a "strong-buy" rating and set a C$69.00 target price for the company in a research note on Friday, June 27th. Finally, Desjardins set a C$62.00 target price on Emera and gave the stock a "hold" rating in a research note on Tuesday, May 6th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of C$60.58.
Check Out Our Latest Research Report on Emera
Emera Price Performance
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 P/E ratio of 24.71, a PEG ratio of 6.20 and a beta of 0.35. The firm has a 50-day moving average of C$61.56 and a 200-day moving average of C$59.09.
Emera Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a dividend of $0.725 per share. This represents a $2.90 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend is Friday, August 1st. Emera's dividend payout ratio (DPR) is presently 112.40%.
About Emera
(
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.
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