Emera (TSE:EMA) Stock Passes Above Two Hundred Day Moving Average - Here's Why

Emera Incorporated (TSE:EMA - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$56.82 and traded as high as C$62.93. Emera shares last traded at C$62.65, with a volume of 1,670,237 shares traded.

Analyst Ratings Changes

A number of research analysts recently commented on EMA shares. Raymond James decreased their price target on Emera from C$64.00 to C$59.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. UBS Group lifted their target price on Emera from C$54.00 to C$59.00 in a research report on Friday, March 21st. Desjardins set a C$62.00 target price on Emera and gave the company a "hold" rating in a research report on Tuesday, May 6th. Royal Bank of Canada lifted their price target on Emera from C$60.00 to C$63.00 in a research note on Monday, February 24th. Finally, BMO Capital Markets lifted their price target on Emera from C$60.00 to C$65.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. 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 stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$59.82.

Emera Stock Performance

The stock has a 50 day moving average of C$60.63 and a 200 day moving average of C$56.98. The company has a quick ratio of 0.23, a current ratio of 0.72 and a debt-to-equity ratio of 150.23. The company has a market capitalization of C$18.39 billion, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35.

Emera Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors 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 4.62%. The ex-dividend date of this dividend was Thursday, May 1st. Emera's dividend payout ratio is currently 112.40%.

Emera Company Profile

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.