Emera (TSE:EMA) Hits New 52-Week High - Should You Buy?

Emera Incorporated (TSE:EMA - Get Free Report)'s stock price hit a new 52-week high on Thursday . The company traded as high as C$56.72 and last traded at C$56.43, with a volume of 162781 shares trading hands. The stock had previously closed at C$56.09.

Analyst Upgrades and Downgrades

EMA has been the topic of several research reports. Bank of America raised Emera from a "neutral" rating to a "buy" rating and upped their price target for the company from C$55.00 to C$57.00 in a research note on Monday, November 25th. JPMorgan Chase & Co. raised Emera from an "underperform" rating to a "neutral" rating and increased their target price for the company from C$51.00 to C$56.00 in a research note on Thursday, December 12th. CIBC raised Emera from a "neutral" rating to an "outperform" rating and increased their target price for the company from C$54.00 to C$58.00 in a research note on Monday, December 2nd. National Bankshares increased their target price on Emera from C$54.00 to C$55.00 in a research note on Thursday, December 5th. Finally, BMO Capital Markets increased their target price on Emera from C$54.00 to C$58.00 in a research note on Thursday, December 5th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Emera currently has a consensus rating of "Moderate Buy" and a consensus price target of C$57.30.

Emera Stock Performance

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 firm has a market capitalization of C$16.92 billion, a P/E ratio of 22.36, a P/E/G ratio of 6.20 and a beta of 0.35. The stock has a fifty day moving average of C$54.45 and a 200-day moving average of C$52.71.

Emera Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 14th were paid a $0.725 dividend. The ex-dividend date was Friday, January 31st. This represents a $2.90 dividend on an annualized basis and a yield of 5.03%. Emera's dividend payout ratio 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.