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

Emera Incorporated (TSE:EMA - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$49.23 and traded as high as C$51.70. Emera shares last traded at C$50.39, with a volume of 1,321,666 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on EMA shares. Bank of America set a C$55.00 price target on Emera and gave the company a "neutral" rating in a research report on Friday, September 20th. CIBC lowered their price target on Emera from C$51.00 to C$50.00 and set a "neutral" rating on the stock in a research report on Monday, July 22nd. JPMorgan Chase & Co. raised their price target on Emera from C$45.00 to C$46.00 in a research report on Thursday, July 25th. Royal Bank of Canada raised their price target on Emera from C$57.00 to C$60.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. Finally, Raymond James raised their price target on Emera from C$54.00 to C$57.00 and gave the company an "outperform" rating in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of C$52.10.

Emera Stock Up 0.1 %

The business's 50 day moving average price is C$51.98 and its 200-day moving average price is C$49.23. 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 company has a market cap of C$14.55 billion, a P/E ratio of 19.61, a PEG ratio of 6.20 and a beta of 0.35.

Emera (TSE:EMA - Get Free Report) last posted its earnings results on Friday, August 9th. The company reported C$0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.56 by C($0.03). Emera had a net margin of 10.83% and a return on equity of 6.60%. The firm had revenue of C$1.62 billion during the quarter, compared to the consensus estimate of C$1.67 billion. On average, analysts anticipate that Emera Incorporated will post 3.1991627 earnings per share for the current fiscal year.

Emera Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 15th will be paid a $0.725 dividend. This represents a $2.90 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date of this dividend is Friday, November 1st. Emera's dividend payout ratio (DPR) is currently 112.84%.

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.