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

Emera Incorporated (TSE:EMA)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.00 and traded as high as C$56.27. Emera shares last traded at C$55.73, with a volume of 4,104,858 shares traded.

Analyst Upgrades and Downgrades

EMA has been the subject of several recent research reports. BMO Capital Markets boosted their price target on shares of Emera from C$54.00 to C$58.00 in a research note on Thursday, December 5th. Scotiabank boosted their price target on shares of Emera from C$55.00 to C$60.00 in a research note on Thursday, December 5th. Cibc World Mkts raised shares of Emera from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Bank of America raised shares of Emera from a “neutral” rating to a “buy” rating and boosted their price target for the stock from C$55.00 to C$57.00 in a research note on Monday, November 25th. Finally, Wells Fargo & Company boosted their price target on shares of Emera from C$51.00 to C$56.00 in a research note on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Emera currently has a consensus rating of “Moderate Buy” and a consensus price target of C$57.10.

Emera Price Performance

The stock has a market capitalization of C$16.07 billion, a PE ratio of 21.68, a P/E/G ratio of 6.20 and a beta of 0.35. The firm’s 50 day moving average price is C$54.18. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 155.62.

Emera (TSE:EMA) last released its quarterly earnings results on Friday, November 8th. The company reported C$0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.77 by C$0.04. Emera had a net margin of 10.83% and a return on equity of 6.60%. On average, equities research analysts forecast that Emera Incorporated will post 3.1991627 earnings per share for the current year.

Emera Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 14th will be paid a $0.725 dividend. This represents a $2.90 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date is Friday, January 31st. Emera’s payout ratio is currently 112.84%.

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.