Emera Incorporated (TSE:EMA - Get Free Report) passed 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$55.70. Emera shares last traded at C$55.41, with a volume of 2,041,249 shares changing hands.
Wall Street Analyst Weigh In
EMA has been the subject of several recent research reports. Scotiabank increased their price target on Emera from C$55.00 to C$60.00 in a report on Thursday, December 5th. CIBC raised shares of Emera from a "neutral" rating to an "outperform" rating and increased their target price for the stock from C$54.00 to C$58.00 in a research note on Monday, December 2nd. BMO Capital Markets lifted their price objective on Emera from C$54.00 to C$58.00 in a research note on Thursday, December 5th. Bank of America raised Emera from a "neutral" rating to a "buy" rating and increased their target price for the stock from C$55.00 to C$57.00 in a research note on Monday, November 25th. Finally, National Bankshares lifted their target price on Emera from C$54.00 to C$55.00 in a research report on Thursday, December 5th. 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 company. According to MarketBeat, Emera presently has a consensus rating of "Moderate Buy" and a consensus price target of C$57.10.
Check Out Our Latest Stock Analysis on EMA
Emera Stock Performance
The company has a market cap of C$15.93 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. The firm has a fifty day simple moving average of C$53.79 and a 200-day simple moving average of C$51.74. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 155.62.
Emera (TSE:EMA - Get Free Report) last released its quarterly earnings results on Friday, November 8th. The company reported C$0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.77 by C$0.04. Emera had a return on equity of 6.60% and a net margin of 10.83%. On average, research analysts forecast that Emera Incorporated will post 3.1991627 EPS for the current fiscal year.
Emera Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 14th will be given a dividend of $0.725 per share. The ex-dividend date is Friday, January 31st. This represents a $2.90 dividend on an annualized basis and a yield of 5.25%. Emera's payout ratio is currently 112.84%.
Emera Company Profile
(
Get Free Report)
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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