Emera (TSE:EMA) Sets New 12-Month High – What’s Next?

Emera Incorporated (TSE:EMA) reached a new 52-week high on Thursday . The company traded as high as C$56.72 and last traded at C$56.43, with a volume of 162781 shares trading hands. The stock had previously closed at C$56.09.

Analyst Ratings Changes

EMA has been the subject of a number of recent research reports. Bank of America raised Emera from a “neutral” rating to a “buy” rating and increased their target price for the stock from C$55.00 to C$57.00 in a report on Monday, November 25th. Wells Fargo & Company lifted their price objective on Emera from C$51.00 to C$56.00 in a report on Monday, December 9th. JPMorgan Chase & Co. upgraded shares of Emera from an “underperform” rating to a “neutral” rating and boosted their target price for the company from C$51.00 to C$56.00 in a research note on Thursday, December 12th. National Bankshares upped their target price on shares of Emera from C$54.00 to C$55.00 in a report on Thursday, December 5th. Finally, CIBC raised shares of Emera from a “neutral” rating to an “outperform” rating and lifted their price target for the company from C$54.00 to C$58.00 in a report on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$57.30.

Emera Trading Up 1.1 %

The company has a market capitalization of C$16.62 billion, a price-to-earnings ratio of 21.97, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. The firm has a fifty day moving average price of C$54.35 and a 200-day moving average price of C$52.61. The company has a debt-to-equity ratio of 150.23, a quick ratio of 0.23 and a current ratio of 0.72.

Emera Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 14th were issued a $0.725 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.90 dividend on an annualized basis and a yield of 5.12%. Emera’s payout ratio is 112.40%.

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.