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

Emera logo with Utilities background

Key Points

  • Emera's stock has recently crossed above its 200-day moving average, trading at C$65.95 after reaching a high of C$66.34.
  • According to analysts, Emera has a consensus rating of "Moderate Buy" and an average target price of C$64.33, with several firms increasing their price targets significantly.
  • The company declared a quarterly dividend of $0.725, resulting in an annualized yield of 4.4%, although its dividend payout ratio is currently high at 112.40%.
  • Want stock alerts on Emera? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Emera Incorporated (TSE:EMA - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$61.10 and traded as high as C$66.34. Emera shares last traded at C$65.95, with a volume of 433,251 shares.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EMA. Royal Bank Of Canada boosted their target price on Emera from C$69.00 to C$70.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Scotiabank boosted their target price on Emera from C$67.00 to C$70.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Cibc World Mkts cut Emera from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. National Bankshares boosted their target price on Emera from C$60.00 to C$62.00 and gave the company a "sector perform" rating in a research note on Monday, August 11th. Finally, BMO Capital Markets boosted their target price on Emera from C$65.00 to C$68.00 in a research note on Monday, August 11th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$64.33.

Read Our Latest Report on Emera

Emera Stock Up 0.7%

The firm has a market cap of C$19.58 billion, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 6.20 and a beta of 0.55. 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 firm has a fifty day moving average of C$63.93 and a 200-day moving average of C$61.33.

Emera Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 15th were issued a dividend of $0.725 per share. This represents a $2.90 annualized dividend and a yield of 4.4%. The ex-dividend date was Friday, August 1st. Emera's dividend payout ratio is presently 98.05%.

Emera Company Profile

(Get Free Report)

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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