Emera (TSE:EMA) Reaches New 12-Month High at $53.71

Emera Incorporated (TSE:EMA) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$53.71 and last traded at C$53.50, with a volume of 54409 shares. The stock had previously closed at C$53.26.

Analyst Ratings Changes

EMA has been the subject of a number of recent research reports. Royal Bank of Canada reduced their target price on shares of Emera from C$60.00 to C$57.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. BMO Capital Markets raised their target price on shares of Emera from C$36.00 to C$37.00 and gave the stock an “outperform” rating in a research note on Thursday, May 30th. JPMorgan Chase & Co. upped their price target on Emera from C$45.00 to C$46.00 in a research report on Thursday, July 25th. Scotiabank lifted their price objective on Emera from C$52.00 to C$55.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 20th. Finally, Raymond James upped their target price on Emera from C$54.00 to C$57.00 and gave the company an “outperform” rating in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$51.80.

Emera Trading Up 0.7 %

The business has a fifty day moving average price of C$50.30 and a two-hundred day moving average price of C$48.25. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 155.62. The firm has a market capitalization of C$15.47 billion, a PE ratio of 20.72, a PEG ratio of 2.77 and a beta of 0.34.

Emera (TSE:EMA) last announced 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 net margin of 10.83% and a return on equity of 6.60%. The company had revenue of C$1.62 billion for the quarter, compared to analyst estimates of C$1.67 billion. Analysts expect that Emera Incorporated will post 3.1690821 EPS for the current fiscal year.

Emera Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.717 per share. This represents a $2.87 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date of this dividend was Thursday, August 1st. Emera’s dividend payout ratio (DPR) is 111.67%.

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.