Emera (TSE:EMA) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Emera Incorporated (TSE:EMA) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$50.17 and traded as high as C$53.78. Emera shares last traded at C$53.45, with a volume of 933,053 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of Emera from C$51.00 to C$56.00 in a research note on Monday, December 9th. BMO Capital Markets boosted their price objective on Emera from C$54.00 to C$58.00 in a research report on Thursday, December 5th. Scotiabank lifted their target price on Emera from C$55.00 to C$60.00 in a research note on Thursday, December 5th. Royal Bank of Canada boosted their price target on Emera from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Finally, Cibc World Mkts raised shares of Emera from a “hold” rating to a “strong-buy” rating in a report on Monday, December 2nd. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Emera has a consensus rating of “Moderate Buy” and an average target price of C$57.10.

Emera Trading Up 0.4 %

The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 155.62. The stock’s 50 day moving average is C$52.55 and its 200-day moving average is C$50.21. The company has a market cap of C$15.47 billion, a PE ratio of 20.88, a P/E/G ratio of 6.20 and a beta of 0.35.

Emera Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were paid a $0.725 dividend. This represents a $2.90 annualized dividend and a dividend yield of 5.41%. The ex-dividend date was Friday, November 1st. Emera’s payout ratio is 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.