Emera (TSE:EMA) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Emera Incorporated (TSE:EMA) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$57.87 and traded as high as C$61.49. Emera shares last traded at C$60.94, with a volume of 1,105,527 shares changing hands.

Analyst Upgrades and Downgrades

EMA has been the topic of a number of analyst reports. CIBC raised their price objective on shares of Emera from C$63.00 to C$64.00 and gave the company an “outperform” rating in a report on Thursday, April 24th. Raymond James Financial cut their price target on shares of Emera from C$64.00 to C$59.00 and set an “outperform” rating on the stock in a research note on Thursday, April 17th. BMO Capital Markets lifted their price target on shares of Emera from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Friday, May 9th. UBS Group lifted their price target on shares of Emera from C$54.00 to C$59.00 in a research note on Friday, March 21st. Finally, Royal Bank Of Canada lifted their price target on shares of Emera from C$60.00 to C$63.00 in a research note on Monday, February 24th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Emera has a consensus rating of “Moderate Buy” and an average target price of C$59.82.

Emera Trading Down 0.8%

The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23. The company has a market capitalization of C$17.87 billion, a price-to-earnings ratio of 23.62, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35. The business’s 50 day simple moving average is C$61.04 and its 200 day simple moving average is C$57.87.

Emera Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th were paid a $0.725 dividend. The ex-dividend date was Thursday, May 1st. This represents a $2.90 dividend on an annualized basis and a yield of 4.76%. Emera’s dividend payout ratio is presently 112.40%.

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.