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

Emera Incorporated (TSE:EMA - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

EMA has been the topic of several research analyst reports. Raymond James Financial lowered 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 report on Thursday, April 17th. Royal Bank Of Canada boosted their price target on shares of Emera from C$60.00 to C$63.00 in a report on Monday, February 24th. BMO Capital Markets boosted their price target on shares of Emera from C$60.00 to C$65.00 and gave the company an "outperform" rating in a report on Friday, May 9th. UBS Group boosted their price target on shares of Emera from C$54.00 to C$59.00 in a report on Friday, March 21st. Finally, Desjardins set a C$62.00 price target on shares of Emera and gave the company a "hold" rating in a report on Tuesday, May 6th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of C$59.82.

Emera Stock Performance

The company has a debt-to-equity ratio of 150.23, a quick ratio of 0.23 and a current ratio of 0.72. The firm's 50 day moving average is C$61.13 and its 200-day moving average is C$57.99. The firm has a market cap of C$17.86 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 6.20 and a beta of 0.35.

Emera Announces Dividend

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