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

Emera Incorporated (TSE:EMA)’s stock price 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 trading hands.

Wall Street Analyst Weigh In

EMA has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of Emera from C$51.00 to C$56.00 in a report on Monday, December 9th. National Bankshares lifted their price target on Emera from C$54.00 to C$55.00 in a report on Thursday, December 5th. Cibc World Mkts raised shares of Emera from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Royal Bank of Canada boosted their target price on shares of Emera from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Finally, BMO Capital Markets upped their target price on shares of Emera from C$54.00 to C$58.00 in a research report on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$57.10.

Emera Trading Up 1.4 %

The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 155.62. The stock has a market capitalization of C$15.62 billion, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. The company has a fifty day simple moving average of C$53.08 and a two-hundred day simple moving average of C$51.20.

Emera Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 14th will be issued a $0.725 dividend. This represents a $2.90 annualized dividend and a dividend yield of 5.35%. The ex-dividend date of this dividend is Friday, January 31st. Emera’s dividend payout ratio (DPR) is presently 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.