Emera (TSE:EMA) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Emera Incorporated (TSE:EMA) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$51.16 and traded as high as C$54.35. Emera shares last traded at C$54.17, with a volume of 829,624 shares.

Analysts Set New Price Targets

Several brokerages recently issued reports on EMA. National Bankshares boosted their price target on Emera from C$54.00 to C$55.00 in a research report on Thursday, December 5th. CIBC upgraded Emera from a “neutral” rating to an “outperform” rating and upped their price target for the stock from C$54.00 to C$58.00 in a research note on Monday, December 2nd. Scotiabank lifted their price objective on shares of Emera from C$55.00 to C$60.00 in a research report on Thursday, December 5th. Cibc World Mkts upgraded shares of Emera from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, Bank of America raised shares of Emera from a “neutral” rating to a “buy” rating and lifted their target price for the company from C$55.00 to C$57.00 in a 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 assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$57.10.

Emera Stock Up 1.4 %

The company has a debt-to-equity ratio of 155.62, a quick ratio of 0.23 and a current ratio of 0.79. The company has a market capitalization of C$15.62 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. The firm’s 50-day simple moving average is C$53.08 and its 200 day simple moving average is C$51.16.

Emera Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 14th will be issued a dividend of $0.725 per share. This represents a $2.90 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date of this dividend is Friday, January 31st. Emera’s dividend payout ratio is currently 112.84%.

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.