Emera (TSE:EMA) Sets New 52-Week High - What's Next?

Emera Incorporated (TSE:EMA - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The company traded as high as C$59.75 and last traded at C$59.51, with a volume of 417727 shares traded. The stock had previously closed at C$58.95.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EMA. Royal Bank of Canada lifted their price target on shares of Emera from C$60.00 to C$63.00 in a research note on Monday, February 24th. Scotiabank lifted their price target on shares of Emera from C$60.00 to C$62.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. BMO Capital Markets lifted their price target on shares of Emera from C$58.00 to C$60.00 in a research note on Monday, February 24th. Raymond James lifted their price target on shares of Emera from C$57.00 to C$59.00 in a research note on Monday, February 24th. Finally, Wells Fargo & Company lifted their price objective on shares of Emera from C$51.00 to C$56.00 in a research report on Monday, December 9th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Emera currently has an average rating of "Moderate Buy" and a consensus price target of C$58.10.

Emera Stock Down 0.6 %

The firm has a market cap of C$17.35 billion, a P/E ratio of 22.93, a P/E/G ratio of 6.20 and a beta of 0.35. 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's fifty day moving average is C$55.74 and its 200 day moving average is C$53.60.

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Emera Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 14th were paid a $0.725 dividend. This represents a $2.90 annualized dividend and a yield of 4.90%. The ex-dividend date was Friday, January 31st. Emera's dividend payout ratio (DPR) is 112.40%.

About Emera

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.