Emera Incorporated (TSE:EMA - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$56.37 and traded as high as C$60.63. Emera shares last traded at C$60.29, with a volume of 1,437,963 shares trading hands.
Analyst Upgrades and Downgrades
EMA has been the subject of several analyst reports. Royal Bank of Canada upped their target price on Emera from C$60.00 to C$63.00 in a 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 for the company in a report on Thursday, April 17th. BMO Capital Markets upped 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. CIBC upped their target price on Emera from C$63.00 to C$64.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Finally, Desjardins set a C$62.00 target price on Emera and gave the company a "hold" rating in a report on Tuesday, May 6th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of C$59.82.
Check Out Our Latest Research Report on Emera
Emera Stock Up 0.4%
The business has a fifty day moving average of C$60.09 and a 200 day moving average of C$56.37. The company has a market capitalization of C$17.68 billion, a PE ratio of 23.37, a PEG 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 Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 15th were issued a dividend of $0.725 per share. This represents a $2.90 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date was Thursday, May 1st. Emera's dividend payout ratio (DPR) 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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