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

Emera Incorporated (TSE:EMA)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.

Analysts Set New Price Targets

EMA has been the topic of a number of recent research reports. BMO Capital Markets increased their price objective on shares of Emera from C$54.00 to C$58.00 in a research note on Thursday, December 5th. Bank of America raised Emera from a “neutral” rating to a “buy” rating and increased their target price for the company from C$55.00 to C$57.00 in a research report on Monday, November 25th. Cibc World Mkts raised Emera from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Wells Fargo & Company raised their price objective on Emera from C$51.00 to C$56.00 in a research report on Monday, December 9th. Finally, JPMorgan Chase & Co. upgraded Emera from an “underperform” rating to a “neutral” rating and lifted their target price for the company from C$51.00 to C$56.00 in a research note on Thursday, December 12th. Three 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’s stock. Based on data from MarketBeat.com, Emera currently has a consensus rating of “Moderate Buy” and an average target price of C$57.10.

Emera Stock Down 0.3 %

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 company’s 50 day moving average price is C$52.52 and its 200 day moving average price is C$50.17. The firm has a market capitalization of C$15.41 billion, a price-to-earnings ratio of 20.80, a P/E/G ratio of 6.20 and a beta of 0.35.

Emera Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were paid a $0.725 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.90 dividend on an annualized basis and a dividend yield of 5.43%. Emera’s payout ratio is 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.