Emera (TSE:EMA) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Emera Incorporated (TSE:EMA)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$69.52 and traded as high as C$74.04. Emera shares last traded at C$73.70, with a volume of 1,397,831 shares traded.

Analyst Ratings Changes

EMA has been the subject of several research analyst reports. Bank of America upped their price target on Emera from C$73.00 to C$74.00 in a research note on Wednesday, April 8th. Desjardins increased their target price on Emera from C$69.00 to C$70.00 and gave the company a “hold” rating in a research note on Tuesday, April 28th. National Bank Financial increased their target price on Emera from C$67.00 to C$68.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 24th. BMO Capital Markets increased their target price on Emera from C$72.00 to C$74.00 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. Finally, Raymond James Financial increased their target price on Emera from C$74.50 to C$75.25 and gave the company an “outperform” rating in a research note on Tuesday, April 28th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$73.75.

Emera Trading Up 0.1%

The company has a quick ratio of 0.23, a current ratio of 1.07 and a debt-to-equity ratio of 168.83. The firm has a market cap of C$22.54 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 6.20 and a beta of 0.58. The business has a 50 day moving average price of C$72.06 and a 200-day moving average price of C$69.52.

Emera (TSE:EMA) last posted its earnings results on Friday, May 8th. The company reported C$1.37 earnings per share (EPS) for the quarter. Emera had a return on equity of 7.90% and a net margin of 13.20%.The business had revenue of C$2.81 billion during the quarter. As a group, research analysts expect that Emera Incorporated will post 3.1991627 EPS for the current fiscal year.

Emera Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were issued a $0.7325 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $2.93 dividend on an annualized basis and a yield of 4.0%. Emera’s dividend payout ratio is currently 89.14%.

Emera Company Profile

Emera (TSX/NYSE: EMA) is a leading North American provider of energy services headquartered in Halifax, Nova Scotia, with investments in regulated electric and natural gas utilities, and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.7 million customers in the United States, Canada and the Caribbean. Our team of 7,800 employees is committed to our purpose of energizing modern life and delivering a cleaner energy future for all. Emera’s common and preferred shares are listed and trade on the Toronto Stock Exchange and its common shares are listed and trade on the New York Stock Exchange.