Emera (TSE:EMA) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Emera Incorporated (TSE:EMA - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$63.23 and traded as high as C$69.26. Emera shares last traded at C$69.05, with a volume of 802,185 shares trading hands.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EMA. National Bankshares upped their price target on shares of Emera from C$60.00 to C$62.00 and gave the company a "sector perform" rating in a report on Monday, August 11th. BMO Capital Markets upped their price target on shares of Emera from C$65.00 to C$68.00 in a report on Monday, August 11th. Raymond James Financial upped their price target on shares of Emera from C$66.00 to C$70.00 and gave the company an "outperform" rating in a report on Monday, August 11th. Scotiabank upped their price target on shares of Emera from C$70.00 to C$72.00 and gave the company an "outperform" rating in a report on Monday, October 6th. Finally, TD Securities upped their price target on shares of Emera from C$69.00 to C$74.00 and gave the company a "buy" rating in a report on Monday, August 11th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$64.75.

Emera Stock Down 0.1%

The company has a market capitalization of C$20.67 billion, a price-to-earnings ratio of 23.41, a PEG ratio of 6.20 and a beta of 0.46. The stock's fifty day simple moving average is C$65.97 and its two-hundred day simple moving average is C$63.23. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23.

Emera Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 15th were issued a dividend of $0.725 per share. This represents a $2.90 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, August 1st. Emera's dividend payout ratio is 98.05%.

Insiders Place Their Bets

In other news, Director Archibald Collins sold 30,600 shares of the company's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of C$64.95, for a total transaction of C$1,987,470.00. Following the completion of the transaction, the director owned 13,045 shares in the company, valued at approximately C$847,272.75. This represents a 70.11% decrease in their ownership of the stock. Also, Director Judy Ann Steele sold 794 shares of the company's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of C$64.90, for a total transaction of C$51,530.60. Following the transaction, the director owned 352 shares of the company's stock, valued at C$22,844.80. This represents a 69.28% decrease in their position. Insiders have sold 49,494 shares of company stock worth $3,213,691 over the last three months. 0.09% of the stock is owned by corporate 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.

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