Emera (TSE:EMA) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Emera Incorporated (TSE:EMA) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.00 and traded as high as C$59.43. Emera shares last traded at C$58.84, with a volume of 659,919 shares.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wells Fargo & Company increased their price objective on shares of Emera from C$51.00 to C$56.00 in a research report on Monday, December 9th. BMO Capital Markets lifted their price objective on shares of Emera from C$58.00 to C$60.00 in a research note on Monday, February 24th. Cibc World Mkts raised Emera from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Scotiabank lifted their price target 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. Finally, Royal Bank of Canada boosted their price target on Emera from C$60.00 to C$63.00 in a research note on Monday, February 24th. Three investment 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 stock. Based on data from MarketBeat.com, Emera has a consensus rating of “Moderate Buy” and an average price target of C$58.10.

Emera Stock Performance

The firm has a fifty day moving average of C$56.08 and a 200 day moving average of C$53.80. 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 stock has a market capitalization of C$17.17 billion, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35.

Emera Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 14th were issued a dividend of $0.725 per share. This represents a $2.90 annualized dividend and a dividend yield of 4.95%. The ex-dividend date of this dividend was Friday, January 31st. Emera’s dividend payout ratio (DPR) is 112.40%.

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.