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

Emera Incorporated (TSE:EMA - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$55.79 and traded as high as C$61.51. Emera shares last traded at C$60.75, with a volume of 2,795,595 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. BMO Capital Markets raised their price target on Emera from C$58.00 to C$60.00 in a research note on Monday, February 24th. Royal Bank of Canada boosted their price objective on shares of Emera from C$60.00 to C$63.00 in a research note on Monday, February 24th. Scotiabank upped their target price on shares of Emera from C$60.00 to C$62.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Raymond James dropped their price target on 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. Finally, Desjardins set a C$62.00 price objective on shares of Emera and gave the company a "hold" rating in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$58.92.

Emera Stock Up 0.2 %

The stock has a 50 day moving average price of C$59.85 and a 200 day moving average price of C$55.97. The company has a market capitalization of C$18.03 billion, a P/E ratio of 23.84, a PEG ratio of 6.20 and a beta of 0.35. The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23.

Emera Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th will be given a $0.725 dividend. This represents a $2.90 annualized dividend and a yield of 4.72%. The ex-dividend date is Thursday, May 1st. Emera's dividend payout ratio (DPR) is currently 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.