Emera (TSE:EMA) Stock Passes Above Two Hundred Day Moving Average – What’s Next?
by Doug Wharley · The Cerbat GemEmera Incorporated (TSE:EMA – Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 trading hands.
Analyst Ratings Changes
A number of research analysts recently commented on the company. TD increased their price target on Emera from C$75.00 to C$77.00 and gave the company a “buy” rating in a report on Monday, May 11th. National Bank Financial increased their price target on Emera from C$67.00 to C$68.00 and gave the company a “sector perform” rating in a report on Tuesday, February 24th. Desjardins increased their price target on Emera from C$69.00 to C$70.00 and gave the company a “hold” rating in a report on Tuesday, April 28th. Bank of America increased their price target on Emera from C$73.00 to C$74.00 in a report on Wednesday, April 8th. Finally, TD Securities increased their target price on Emera from C$74.00 to C$75.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$73.75.
Get Our Latest Analysis on Emera
Emera Trading Up 0.1%
The company has a debt-to-equity ratio of 168.83, a quick ratio of 0.23 and a current ratio of 1.07. The business has a fifty day simple moving average of C$72.06 and a 200 day simple moving average of C$69.52. The company has a market cap of C$22.54 billion, a P/E ratio of 22.54, a P/E/G ratio of 6.20 and a beta of 0.58.
Emera (TSE:EMA – Get Free Report) last released its earnings results on Friday, May 8th. The company reported C$1.37 EPS for the quarter. Emera had a return on equity of 7.90% and a net margin of 13.20%.The company had revenue of C$2.81 billion for the quarter. Analysts anticipate that Emera Incorporated will post 3.1991627 earnings per share for the current fiscal year.
Emera Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were issued a dividend of $0.7325 per share. This represents a $2.93 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Friday, May 1st. Emera’s dividend payout ratio (DPR) is currently 89.14%.
About Emera
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.