Emera (TSE:EMA) Reaches New 12-Month High at $52.55

Shares of Emera Incorporated (TSE:EMA) reached a new 52-week high on Thursday . The stock traded as high as C$52.55 and last traded at C$52.20, with a volume of 396735 shares trading hands. The stock had previously closed at C$51.38.

Wall Street Analyst Weigh In

A number of analysts have weighed in on EMA shares. Raymond James increased their target price on shares of Emera from C$54.00 to C$57.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Scotiabank raised their target price on shares of Emera from C$52.00 to C$55.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. Royal Bank of Canada lowered their target price on Emera from C$60.00 to C$57.00 and set an “outperform” rating for the company in a report on Monday, August 12th. BMO Capital Markets raised their price target on Emera from C$36.00 to C$37.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. Finally, JPMorgan Chase & Co. boosted their price objective on Emera from C$45.00 to C$46.00 in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Emera presently has an average rating of “Hold” and a consensus target price of C$51.44.

Emera Stock Up 0.9 %

The firm’s fifty day moving average is C$49.34 and its two-hundred day moving average is C$48.00. The firm has a market cap of C$15.39 billion, a price-to-earnings ratio of 20.77, a P/E/G ratio of 2.77 and a beta of 0.34. The company has a debt-to-equity ratio of 155.62, a current ratio of 0.79 and a quick ratio of 0.23.

Emera (TSE:EMA) last issued its quarterly earnings results on Friday, August 9th. The company reported C$0.53 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.56 by C($0.03). Emera had a return on equity of 6.60% and a net margin of 10.83%. The company had revenue of C$1.62 billion during the quarter, compared to analyst estimates of C$1.67 billion. On average, sell-side analysts expect that Emera Incorporated will post 3.1512915 EPS for the current fiscal year.

Emera Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 15th were given a dividend of $0.717 per share. This represents a $2.87 annualized dividend and a dividend yield of 5.37%. The ex-dividend date was Thursday, August 1st. Emera’s dividend payout ratio (DPR) is presently 111.67%.

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.