Emera Incorporated (TSE:EMA - Get Free Report)'s stock price reached a new 52-week high on Friday . The company traded as high as C$59.96 and last traded at C$59.92, with a volume of 394577 shares. The stock had previously closed at C$59.23.
Wall Street Analysts Forecast Growth
EMA has been the topic of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of Emera from an "underperform" rating to a "neutral" rating and lifted their price objective for the company from C$51.00 to C$56.00 in a report on Thursday, December 12th. BMO Capital Markets increased their price objective on shares of Emera from C$58.00 to C$60.00 in a research note on Monday, February 24th. National Bankshares lifted their target price on Emera from C$54.00 to C$55.00 in a research report on Thursday, December 5th. 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. Finally, Wells Fargo & Company raised their price target on Emera from C$51.00 to C$56.00 in a research note on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$58.18.
Check Out Our Latest Research Report on Emera
Emera Stock Performance
The stock has a market capitalization of C$17.88 billion, a P/E ratio of 23.64, a PEG ratio of 6.20 and a beta of 0.35. The stock's 50-day simple moving average is C$57.38 and its 200 day simple moving average is C$54.41. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23.
Emera Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 14th were given a $0.725 dividend. This represents a $2.90 annualized dividend and a dividend yield of 4.75%. The ex-dividend date was Friday, January 31st. Emera's payout ratio is 112.40%.
Emera Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Emera, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Emera wasn't on the list.
While Emera currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Like this article? Share it with a colleague.
Link copied to clipboard.
