Shares of Emera Incorporated (TSE:EMA - Get Free Report) reached a new 52-week high on Monday following a dividend announcement from the company. The company traded as high as C$56.27 and last traded at C$56.24, with a volume of 826354 shares. The stock had previously closed at C$55.22.
The newly announced dividend which will be paid on Friday, February 14th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.725 per share. The ex-dividend date is Friday, January 31st. This represents a $2.90 dividend on an annualized basis and a yield of 5.20%. Emera's dividend payout ratio is currently 112.84%.
Analyst Ratings Changes
A number of brokerages have recently issued reports on EMA. JPMorgan Chase & Co. raised Emera from an "underperform" rating to a "neutral" rating and upped their price target for the company from C$51.00 to C$56.00 in a report on Thursday, December 12th. BMO Capital Markets boosted their price target on Emera from C$54.00 to C$58.00 in a research note on Thursday, December 5th. Bank of America upgraded shares of Emera from a "neutral" rating to a "buy" rating and boosted their target price for the company from C$55.00 to C$57.00 in a research report on Monday, November 25th. Cibc World Mkts upgraded shares of Emera from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. Finally, CIBC upgraded shares of Emera from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from C$54.00 to C$58.00 in a research note on Monday, December 2nd. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of C$57.10.
Read Our Latest Stock Report on EMA
Emera Price Performance
The firm has a 50-day moving average of C$54.09 and a 200-day moving average of C$52.08. The company has a debt-to-equity ratio of 155.62, a current ratio of 0.79 and a quick ratio of 0.23. The stock has a market cap of C$16.08 billion, a PE ratio of 21.70, a PEG ratio of 6.20 and a beta of 0.35.
Emera (TSE:EMA - Get Free Report) last released its earnings results on Friday, November 8th. The company reported C$0.81 EPS for the quarter, topping the consensus estimate of C$0.77 by C$0.04. Emera had a net margin of 10.83% and a return on equity of 6.60%. Research analysts predict that Emera Incorporated will post 3.1991627 EPS for the current year.
Emera Company Profile
(
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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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