Emera Incorporated (TSE:EMA - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.
Several analysts have recently commented on EMA shares. CIBC upgraded Emera from a "neutral" rating to an "outperform" rating and raised their target price for the company from C$54.00 to C$58.00 in a research note on Monday, December 2nd. Wells Fargo & Company raised their price objective on Emera from C$51.00 to C$56.00 in a research note on Monday, December 9th. BMO Capital Markets boosted their price objective on Emera from C$54.00 to C$58.00 in a report on Thursday, December 5th. Scotiabank increased their target price on Emera from C$55.00 to C$60.00 in a report on Thursday, December 5th. Finally, Royal Bank of Canada boosted their price target on shares of Emera from C$57.00 to C$60.00 and gave the company an "outperform" rating in a research note on Thursday, October 3rd. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$57.10.
Check Out Our Latest Analysis on Emera
The company has a debt-to-equity ratio of 155.62, a quick ratio of 0.23 and a current ratio of 0.79. The firm has a market capitalization of C$15.62 billion, a P/E ratio of 21.08, a PEG ratio of 6.20 and a beta of 0.35. The firm has a 50 day simple moving average of C$53.08 and a two-hundred day simple moving average of C$51.16.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 14th will be given a dividend of $0.725 per share. This represents a $2.90 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date of this dividend is Friday, January 31st. Emera's payout ratio is currently 112.84%.
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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