Emera (TSE:EMA) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

Shares of Emera Incorporated (TSE:EMA - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-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 traded.

Analyst Ratings Changes

A number of analysts have commented on EMA shares. CIBC raised 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 report on Monday, December 2nd. JPMorgan Chase & Co. upgraded shares of Emera from an "underperform" rating to a "neutral" rating and raised their price target for the company from C$51.00 to C$56.00 in a research report on Thursday, December 12th. BMO Capital Markets increased their target price on shares of Emera from C$54.00 to C$58.00 in a research note on Thursday, December 5th. Bank of America upgraded Emera from a "neutral" rating to a "buy" rating and raised their target price for the company from C$55.00 to C$57.00 in a research report on Monday, November 25th. Finally, Wells Fargo & Company upped their price target on Emera from C$51.00 to C$56.00 in a report 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 assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$57.10.

Emera Stock Up 1.4 %

The stock has a market capitalization of C$15.62 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 6.20 and a beta of 0.35. 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 business has a fifty day moving average of C$53.08 and a 200 day moving average of C$51.16.

Emera Announces Dividend

The company also recently declared a quarterly 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. This represents a $2.90 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date of this dividend is Friday, January 31st. Emera's dividend payout ratio (DPR) is 112.84%.

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.