Emera (TSE:EMA) Reaches New 12-Month Low - Time to Sell?

Shares of Emera Incorporated (TSE:EMA - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.01 and last traded at C$58.71, with a volume of 370110 shares changing hands. The stock had previously closed at C$57.86.

Analysts Set New Price Targets

EMA has been the topic of a number of recent analyst reports. National Bankshares lifted their price target on Emera from C$54.00 to C$55.00 in a report on Thursday, December 5th. Scotiabank boosted their price target on shares of Emera from C$60.00 to C$62.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. upgraded shares of Emera from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from C$51.00 to C$56.00 in a report on Thursday, December 12th. CIBC lifted their price objective on shares of Emera from C$58.00 to C$59.00 in a research report on Monday, February 24th. Finally, Bank of America raised shares of Emera from a "neutral" rating to a "buy" rating and increased their target price for the company from C$55.00 to C$57.00 in a research report on Monday, November 25th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued 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$58.10.

Emera Stock Performance

The company has a market capitalization of C$17.28 billion, a P/E ratio of 22.85, a P/E/G ratio of 6.20 and a beta of 0.35. The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23. The company's fifty day moving average is C$55.20 and its 200 day moving average is C$53.26.

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Emera Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 14th were issued a dividend of $0.725 per share. The ex-dividend date was Friday, January 31st. This represents a $2.90 dividend on an annualized basis and a yield of 4.92%. Emera's dividend payout ratio (DPR) is 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.