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$58.55 and traded as high as C$62.37. Emera shares last traded at C$62.25, with a volume of 911,880 shares traded.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the company. Raymond James Financial 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 note on Thursday, April 17th. TD Securities upgraded Emera to a "strong-buy" rating and set a C$69.00 price objective for the company in a research note on Friday, June 27th. Desjardins set a C$62.00 price target on Emera and gave the stock a "hold" rating in a report on Tuesday, May 6th. BMO Capital Markets boosted their price target on Emera from C$60.00 to C$65.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Finally, UBS Group boosted their price target on Emera from C$54.00 to C$59.00 in a report on Friday, March 21st. Three 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 company. According to MarketBeat, Emera presently has a consensus rating of "Moderate Buy" and a consensus target price of C$60.58.
Read Our Latest Analysis on EMA
Emera Stock Performance
The business's fifty day moving average price is C$61.40 and its two-hundred day moving average price is C$58.66. 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 stock has a market capitalization of C$18.46 billion, a P/E ratio of 24.41, a P/E/G ratio of 6.20 and a beta of 0.35.
Emera Announces Dividend
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 annualized dividend and a dividend yield of 4.61%. Emera's dividend payout ratio is currently 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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