Emera (TSE:EMA) Sets New 12-Month Low – Here’s What Happened

Emera Incorporated (TSE:EMA) hit a new 52-week low during trading on Monday . The stock traded as low as C$0.01 and last traded at C$58.71, with a volume of 370110 shares traded. The stock had previously closed at C$57.86.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EMA shares. Scotiabank raised their target price on shares of Emera from C$60.00 to C$62.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. National Bankshares raised their price objective on shares of Emera from C$54.00 to C$55.00 in a research report on Thursday, December 5th. BMO Capital Markets lifted their price objective on shares of Emera from C$58.00 to C$60.00 in a report on Monday, February 24th. CIBC increased their target price on Emera from C$58.00 to C$59.00 in a research note on Monday, February 24th. Finally, Bank of America upgraded Emera from a “neutral” rating to a “buy” rating and raised their price target for the company from C$55.00 to C$57.00 in a research report on Monday, November 25th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$58.10.

Emera Stock Up 1.6 %

The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23. The firm has a fifty day moving average price of C$54.90. The company has a market cap of C$17.24 billion, a PE ratio of 22.78, a PEG ratio of 6.20 and a beta of 0.35.

Emera Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders 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 dividend on an annualized basis and a yield of 4.93%. Emera’s dividend payout ratio (DPR) is currently 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.