Emera (TSE:EMA) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

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$0.00 and traded as high as C$59.43. Emera shares last traded at C$58.84, with a volume of 659,919 shares.

Analyst Upgrades and Downgrades

EMA has been the subject of several analyst reports. Bank of America raised shares of Emera from a "neutral" rating to a "buy" rating and raised their target price for the company from C$55.00 to C$57.00 in a research note on Monday, November 25th. Cibc World Mkts upgraded shares of Emera from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 2nd. Wells Fargo & Company raised their target price on shares of Emera from C$51.00 to C$56.00 in a research note on Monday, December 9th. Royal Bank of Canada boosted their price target on Emera from C$60.00 to C$63.00 in a research report on Monday, February 24th. Finally, Scotiabank raised their price objective on Emera from C$60.00 to C$62.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Three 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$58.18.

Emera Stock Up 0.8 %

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 stock has a market cap of C$17.35 billion, a P/E ratio of 22.94, a PEG ratio of 6.20 and a beta of 0.35. The firm has a 50-day simple moving average of C$56.30 and a two-hundred day simple moving average of C$53.89.

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Emera Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 14th were given a dividend of $0.725 per share. This represents a $2.90 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date was Friday, January 31st. Emera's dividend payout ratio is 112.40%.

About Emera

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.