Shares of Emera Incorporated (TSE:EMA - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.00 and traded as high as C$56.27. Emera shares last traded at C$55.73, with a volume of 4,104,858 shares traded.
Analyst Ratings Changes
Several research firms have recently weighed in on EMA. Cibc World Mkts raised Emera from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd. Scotiabank upped their price objective on Emera from C$60.00 to C$62.00 and gave the stock an "outperform" rating in a research report on Thursday. JPMorgan Chase & Co. raised Emera from an "underperform" rating to a "neutral" rating and upped their price objective for the stock from C$51.00 to C$56.00 in a research report on Thursday, December 12th. Wells Fargo & Company upped their price objective on Emera from C$51.00 to C$56.00 in a research report on Monday, December 9th. Finally, National Bankshares increased their price target on Emera from C$54.00 to C$55.00 in a research report on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$57.30.
Read Our Latest Report on Emera
Emera Stock Up 1.1 %
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 50 day simple moving average of C$54.27 and a 200-day simple moving average of C$52.45. The stock has a market cap of C$16.58 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35.
Emera Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 14th will be paid a $0.725 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $2.90 annualized dividend and a yield of 5.13%. Emera's dividend payout ratio is 112.40%.
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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