Shares of Emera Incorporated (TSE:EMA - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$57.57 and traded as high as C$60.98. Emera shares last traded at C$60.67, with a volume of 558,619 shares trading hands.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of Emera from C$60.00 to C$65.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Scotiabank lifted their target price on shares of Emera from C$60.00 to C$62.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Desjardins set a C$62.00 price target on shares of Emera and gave the company a "hold" rating in a report on Tuesday, May 6th. Royal Bank of Canada raised their price target on Emera from C$60.00 to C$63.00 in a research report on Monday, February 24th. Finally, Raymond James cut their price objective on Emera from C$64.00 to C$59.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Emera currently has a consensus rating of "Moderate Buy" and an average price target of C$59.82.
Check Out Our Latest Analysis on Emera
Emera Stock Performance
The firm has a fifty day simple moving average of C$60.79 and a 200 day simple moving average of C$57.62. The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23. The stock has a market cap of C$18.00 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 6.20 and a beta of 0.35.
Emera Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th were paid a $0.725 dividend. This represents a $2.90 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date of this dividend was Thursday, May 1st. Emera's dividend payout ratio is 112.40%.
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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