Emera Incorporated (TSE:EMA - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$51.16 and traded as high as C$54.35. Emera shares last traded at C$54.17, with a volume of 829,624 shares trading hands.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on EMA shares. CIBC raised Emera from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from C$54.00 to C$58.00 in a research report on Monday, December 2nd. JPMorgan Chase & Co. raised Emera from an "underperform" rating to a "neutral" rating and upped their target price for the company from C$51.00 to C$56.00 in a research report on Thursday, December 12th. BMO Capital Markets raised their price target on shares of Emera from C$54.00 to C$58.00 in a research report on Thursday, December 5th. National Bankshares upped their price target on shares of Emera from C$54.00 to C$55.00 in a report on Thursday, December 5th. Finally, Bank of America upgraded shares of Emera from a "neutral" rating to a "buy" rating and increased their price objective for the company from C$55.00 to C$57.00 in a research note on Monday, November 25th. Three equities research 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.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$57.10.
Get Our Latest Research Report on EMA
Emera Price Performance
The firm has a market capitalization of C$15.62 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. The company's fifty day moving average price is C$53.08 and its 200 day moving average price is C$51.16. The company has a debt-to-equity ratio of 155.62, a quick ratio of 0.23 and a current ratio of 0.79.
Emera Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 14th will be given a dividend of $0.725 per share. This represents a $2.90 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date is Friday, January 31st. Emera's payout ratio is 112.84%.
About Emera
(
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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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