Emera (TSE:EMA) Sets New 12-Month Low – Here’s What Happened

Emera Incorporated (TSE:EMA) hit a new 52-week low on Monday . The company traded as low as C$0.01 and last traded at C$58.71, with a volume of 370110 shares. The stock had previously closed at C$57.86.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Cibc World Mkts upgraded Emera from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Royal Bank of Canada upped their price objective on Emera from C$60.00 to C$63.00 in a research note on Monday, February 24th. BMO Capital Markets boosted their price target on shares of Emera from C$58.00 to C$60.00 in a report on Monday, February 24th. Bank of America upgraded shares of Emera from a “neutral” rating to a “buy” rating and increased their price target for the company from C$55.00 to C$57.00 in a research report on Monday, November 25th. Finally, JPMorgan Chase & Co. raised shares of Emera from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from C$51.00 to C$56.00 in a research report on Thursday, December 12th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$58.10.

Emera Stock Up 1.6 %

The firm has a market capitalization of C$17.24 billion, a P/E ratio of 22.78, a P/E/G ratio of 6.20 and a beta of 0.35. The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23. The firm’s 50-day moving average is C$54.90.

Emera Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, February 14th were given a $0.725 dividend. This represents a $2.90 annualized dividend and a dividend yield of 4.93%. The ex-dividend date was Friday, January 31st. Emera’s dividend payout ratio (DPR) is presently 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.