Emera (TSE:EMA) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Emera Incorporated (TSE:EMA) passed 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.

Analyst Ratings Changes

EMA has been the subject of a number of research analyst reports. Bank of America raised shares of Emera from a “neutral” rating to a “buy” rating and increased their price objective for the stock from C$55.00 to C$57.00 in a research report on Monday, November 25th. JPMorgan Chase & Co. upgraded Emera from an “underperform” rating to a “neutral” rating and raised their price target for the stock from C$51.00 to C$56.00 in a research report on Thursday, December 12th. Royal Bank of Canada boosted their price objective on Emera from C$57.00 to C$60.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. National Bankshares lifted their target price on Emera from C$54.00 to C$55.00 in a research report on Thursday, December 5th. Finally, Scotiabank boosted their price target on shares of Emera from C$55.00 to C$60.00 in a research note on Thursday, December 5th. Three equities research 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’s stock. Based on data from MarketBeat.com, Emera presently has an average rating of “Moderate Buy” and a consensus price target of C$57.10.

Emera Price Performance

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 firm has a market cap of C$15.62 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 6.20 and a beta of 0.35. The stock has a 50-day moving average price of C$53.08 and a 200 day moving average price of C$51.16.

Emera Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 14th will be paid a $0.725 dividend. This represents a $2.90 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date is Friday, January 31st. Emera’s dividend payout ratio 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.