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

Emera Incorporated (TSE:EMA)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.00 and traded as high as C$59.43. Emera shares last traded at C$58.84, with a volume of 659,919 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have commented on EMA shares. Bank of America raised Emera from a “neutral” rating to a “buy” rating and lifted their price target for the stock from C$55.00 to C$57.00 in a research note on Monday, November 25th. Royal Bank of Canada lifted their price target on Emera from C$60.00 to C$63.00 in a research note on Monday, February 24th. Cibc World Mkts raised Emera from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Raymond James upped their target price on Emera from C$57.00 to C$59.00 in a report on Monday, February 24th. Finally, Scotiabank upped their target price on Emera from C$60.00 to C$62.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$58.10.

Emera Stock Down 0.5 %

The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23. The firm has a market cap of C$17.25 billion, a P/E ratio of 22.81, a P/E/G ratio of 6.20 and a beta of 0.35. The company’s fifty day moving average is C$55.96.

Emera Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, February 14th were issued a $0.725 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.90 dividend on an annualized basis and a yield of 4.93%. Emera’s dividend payout ratio (DPR) is 112.40%.

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.