Emera (TSE:EMA) Sets New 1-Year High – Still a Buy?

Emera Incorporated (TSE:EMA)’s share price reached a new 52-week high on Thursday . The stock traded as high as C$62.48 and last traded at C$61.89, with a volume of 119552 shares. The stock had previously closed at C$60.91.

Analyst Ratings Changes

Several brokerages recently issued reports on EMA. BMO Capital Markets raised their target price on shares of Emera from C$58.00 to C$60.00 in a research note on Monday, February 24th. UBS Group upped their price objective on Emera from C$54.00 to C$59.00 in a research note on Friday, March 21st. Raymond James lifted their target price on Emera from C$57.00 to C$59.00 in a research note on Monday, February 24th. Wells Fargo & Company increased their price target on Emera from C$51.00 to C$56.00 in a research note on Monday, December 9th. Finally, National Bankshares raised their price target on Emera from C$54.00 to C$55.00 in a report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Emera has an average rating of “Moderate Buy” and an average price target of C$58.18.

Emera Trading Up 1.5 %

The company has a debt-to-equity ratio of 150.23, a quick ratio of 0.23 and a current ratio of 0.72. The stock has a market capitalization of C$18.12 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. The business has a fifty day simple moving average of C$57.52 and a 200 day simple moving average of C$54.46.

Emera Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 14th were paid a $0.725 dividend. The ex-dividend date was Friday, January 31st. This represents a $2.90 annualized dividend and a dividend yield of 4.69%. Emera’s dividend payout ratio (DPR) is presently 112.40%.

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.