Emera (TSE:EMA) Stock Passes Above 200 Day Moving Average of $48.37

Emera Incorporated (TSE:EMA) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$48.37 and traded as high as C$49.78. Emera shares last traded at C$49.05, with a volume of 1,723,010 shares changing hands.

Analyst Ratings Changes

Several equities analysts have weighed in on EMA shares. Scotiabank reduced their price objective on Emera from C$56.00 to C$52.00 and set an “outperform” rating for the company in a report on Monday, April 22nd. Royal Bank of Canada reduced their price objective on Emera from C$62.00 to C$60.00 and set an “outperform” rating for the company in a report on Tuesday, February 27th. CIBC reduced their price objective on Emera from C$53.00 to C$51.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Raymond James reduced their price objective on Emera from C$55.00 to C$54.00 in a report on Thursday, April 25th. Finally, National Bankshares dropped their target price on Emera from C$50.00 to C$49.00 in a research report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$54.09.

Emera Stock Down 1.2 %

The company has a quick ratio of 0.23, a current ratio of 0.73 and a debt-to-equity ratio of 160.58. The company has a market cap of C$14.06 billion, a PE ratio of 22.00, a P/E/G ratio of 2.77 and a beta of 0.28. The stock has a 50-day moving average of C$47.63 and a 200-day moving average of C$48.37.

Emera (TSE:EMA) last issued its quarterly earnings data on Monday, February 26th. The company reported C$0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.71 by C($0.08). Emera had a return on equity of 5.71% and a net margin of 9.69%. The business had revenue of C$1.97 billion during the quarter, compared to analysts’ expectations of C$1.97 billion. Sell-side analysts predict that Emera Incorporated will post 3.0053635 earnings per share for the current fiscal year.

Emera Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th were given a $0.717 dividend. The ex-dividend date was Tuesday, April 30th. This represents a $2.87 dividend on an annualized basis and a dividend yield of 5.85%. Emera’s dividend payout ratio (DPR) is presently 128.70%.

About Emera

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.