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

Emera Incorporated (TSE:EMA) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$66.54 and traded as high as C$68.07. Emera shares last traded at C$67.15, with a volume of 1,722,524 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EMA. National Bankshares lifted their target price on shares of Emera from C$63.00 to C$67.00 and gave the stock a “sector perform” rating in a research note on Wednesday, December 17th. Raymond James Financial boosted their price target on shares of Emera from C$70.00 to C$73.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Desjardins upped their price objective on shares of Emera from C$64.00 to C$68.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. Royal Bank Of Canada increased their price objective on shares of Emera from C$70.00 to C$76.00 in a report on Monday, November 10th. Finally, BMO Capital Markets boosted their target price on Emera from C$68.00 to C$72.00 in a report on Monday, November 10th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$71.00.

Emera Trading Down 0.5%

The company has a quick ratio of 0.23, a current ratio of 0.72 and a debt-to-equity ratio of 150.23. The company’s 50-day moving average is C$67.31 and its 200-day moving average is C$66.54. The stock has a market capitalization of C$20.26 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 6.20 and a beta of 0.59.

Emera (TSE:EMA) last posted its quarterly earnings results on Friday, November 7th. The company reported C$0.88 earnings per share for the quarter. The business had revenue of C$2.11 billion during the quarter. Emera had a net margin of 10.51% and a return on equity of 6.06%. Research analysts anticipate that Emera Incorporated will post 3.1991627 earnings per share for the current fiscal year.

Insider Buying and Selling at Emera

In other news, Director Scott Carlyle Balfour sold 10,000 shares of the stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of C$67.75, for a total transaction of C$677,500.00. Following the completion of the transaction, the director directly owned 7,733 shares in the company, valued at approximately C$523,910.75. This represents a 56.39% decrease in their position. Also, insider Daniel Muldoon sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of C$67.00, for a total value of C$536,000.00. Following the sale, the insider directly owned 2,378 shares of the company’s stock, valued at C$159,326. The trade was a 77.09% decrease in their ownership of the stock. In the last three months, insiders have sold 38,000 shares of company stock valued at $2,578,500. 0.09% of the stock is owned by insiders.

About Emera

Emera is a geographically diverse energy and services company investing in electricity generation, transmission, and distribution as well as gas transmission and utility energy services. Emera has operations throughout North America and the Caribbean countries.