Emera Incorporated (TSE:EMA - Get Free Report) shares traded down 2.4% on Wednesday . The company traded as low as C$56.63 and last traded at C$57.15. 569,672 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 1,472,402 shares. The stock had previously closed at C$58.56.
Wall Street Analysts Forecast Growth
EMA has been the subject of a number of research analyst reports. Raymond James upped their price objective on shares of Emera from C$57.00 to C$59.00 in a research report on Monday, February 24th. Scotiabank boosted 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, February 13th. UBS Group increased their target price on Emera from C$54.00 to C$59.00 in a research report on Friday, March 21st. Royal Bank of Canada lifted their price target on Emera from C$60.00 to C$63.00 in a research note on Monday, February 24th. Finally, CIBC upped their price objective on Emera from C$59.00 to C$63.00 in a research note on Friday, April 4th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$58.55.
View Our Latest Analysis on EMA
Emera Stock Performance
The company has a market capitalization of C$17.40 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 6.20 and a beta of 0.35. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23. The company's 50-day moving average price is C$58.33 and its two-hundred day moving average price is C$54.93.
Emera Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 15th will be given a dividend of $0.725 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $2.90 annualized dividend and a dividend yield of 4.89%. Emera's 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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