Free Trial

Emera (TSE:EMA) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

Emera logo with Utilities background

Key Points

  • Emera's stock price recently crossed above its 200-day moving average, with a peak trading price of C$68.65, and last trading at C$68.61.
  • Several analysts have revised their ratings and price targets for Emera, with a consensus rating of "Moderate Buy" and an average price target of C$64.50.
  • Emera announced a quarterly dividend of $0.725, reflecting a 4.2% dividend yield, although its payout ratio is currently at 98.05%.
  • MarketBeat previews the top five stocks to own by November 1st.

Emera Incorporated (TSE:EMA - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$62.92 and traded as high as C$68.65. Emera shares last traded at C$68.61, with a volume of 1,569,577 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EMA. CIBC cut Emera from an "outperform" rating to a "neutral" rating and increased their target price for the stock from C$65.00 to C$68.00 in a research note on Monday, August 11th. TD Securities upped their price target on Emera from C$69.00 to C$74.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Cibc World Mkts downgraded Emera from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Royal Bank Of Canada increased their price objective on Emera from C$69.00 to C$70.00 and gave the company an "outperform" rating in a report on Monday, August 11th. Finally, Raymond James Financial raised their price target on Emera from C$66.00 to C$70.00 and gave the company an "outperform" rating in a report on Monday, August 11th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Emera has a consensus rating of "Moderate Buy" and a consensus price target of C$64.50.

Read Our Latest Stock Analysis on EMA

Emera Stock Up 2.3%

The stock has a 50 day moving average price of C$65.61 and a 200 day moving average price of C$62.92. The stock has a market capitalization of C$20.53 billion, a price-to-earnings ratio of 23.26, a price-to-earnings-growth ratio of 6.20 and a beta of 0.46. The company has a quick ratio of 0.23, a current ratio of 0.72 and a debt-to-equity ratio of 150.23.

Emera Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 15th were paid a $0.725 dividend. 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 payout ratio is currently 98.05%.

Insider Buying and Selling

In other Emera news, Director Archibald Collins sold 30,600 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of C$64.95, for a total value of C$1,987,470.00. Following the transaction, the director directly owned 13,045 shares of the company's stock, valued at approximately C$847,272.75. The trade was a 70.11% decrease in their ownership of the stock. Also, Director Judy Ann Steele sold 18,100 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of C$64.90, for a total value of C$1,174,690.00. Following the completion of the transaction, the director directly owned 352 shares in the company, valued at approximately C$22,844.80. This trade represents a 98.09% decrease in their ownership of the stock. Over the last ninety days, insiders sold 49,494 shares of company stock worth $3,213,691. 0.09% of the stock is owned by insiders.

About Emera

(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.

Featured Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Emera Right Now?

Before you consider Emera, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Emera wasn't on the list.

While Emera currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Next 7 Blockbuster Stocks for Growth Investors Cover

Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.

Get This Free Report
Like this article? Share it with a colleague.