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

Emera Incorporated (TSE:EMA - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$62.02 and traded as high as C$63.78. Emera shares last traded at C$63.24, with a volume of 482,627 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have commented on EMA shares. 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. Cibc World Mkts cut Emera from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. 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. 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, CIBC cut Emera from an "outperform" rating to a "neutral" rating and boosted their target price for the company 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 assigned a Hold rating to the stock. According to MarketBeat.com, Emera currently has a consensus rating of "Moderate Buy" and a consensus price target of C$64.33.

Emera Trading Down 0.8%

The company has a market cap of C$18.93 billion, a P/E ratio of 21.44, a PEG ratio of 6.20 and a beta of 0.55. The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23. The business has a 50 day moving average price of C$64.67 and a 200-day moving average price of C$62.02.

Emera Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 15th were paid a dividend of $0.725 per share. The ex-dividend date was Friday, August 1st. This represents a $2.90 dividend on an annualized basis and a dividend yield of 4.6%. Emera's dividend payout ratio is currently 98.05%.

Insider Buying and Selling

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

Emera Company Profile

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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