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

Emera Incorporated (TSE:EMA) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$49.23 and traded as high as C$51.70. Emera shares last traded at C$50.39, with a volume of 1,321,666 shares trading hands.

Wall Street Analyst Weigh In

EMA has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of Emera from C$45.00 to C$46.00 in a research note on Thursday, July 25th. National Bankshares boosted their target price on Emera from C$49.00 to C$54.00 and gave the stock a “sector perform” rating in a research note on Friday, August 23rd. Bank of America set a C$55.00 price target on Emera and gave the stock a “neutral” rating in a report on Friday, September 20th. CIBC cut their price target on shares of Emera from C$51.00 to C$50.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Finally, Raymond James increased their target price on shares of Emera from C$54.00 to C$57.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$52.10.

Emera Stock Up 0.4 %

The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 155.62. The stock has a market cap of C$14.53 billion, a P/E ratio of 19.61, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. The stock’s fifty day moving average price is C$51.98 and its 200 day moving average price is C$49.23.

Emera (TSE:EMA) last posted its quarterly earnings results on Friday, August 9th. The company reported C$0.53 earnings per share for the quarter, missing the consensus estimate of C$0.56 by C($0.03). Emera had a return on equity of 6.60% and a net margin of 10.83%. The business had revenue of C$1.62 billion during the quarter, compared to the consensus estimate of C$1.67 billion. As a group, research analysts forecast that Emera Incorporated will post 3.1991627 earnings per share for the current fiscal year.

Emera Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 15th will be given a dividend of $0.725 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.90 annualized dividend and a yield of 5.76%. Emera’s 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.