Emera Incorporated (TSE:EMA – Get Free Report) insider Richard Janega sold 16,500 shares of Emera stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of C$74.25, for a total value of C$1,225,125.00. Following the transaction, the insider directly owned 19,642 shares in the company, valued at C$1,458,418.50. The trade was a 45.65% decrease in their ownership of the stock.
Emera Trading Up 0.1%
Shares of EMA stock opened at C$73.25 on Friday. Emera Incorporated has a 1-year low of C$60.53 and a 1-year high of C$74.80. The company has a current ratio of 1.07, a quick ratio of 0.23 and a debt-to-equity ratio of 168.83. The stock has a market cap of C$22.41 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 6.20 and a beta of 0.57. The stock has a 50-day moving average of C$72.20 and a 200-day moving average of C$70.11.
Emera (TSE:EMA – Get Free Report) last announced its earnings results on Friday, May 8th. The company reported C$1.37 EPS for the quarter. The business had revenue of C$2.81 billion for the quarter. Emera had a return on equity of 7.90% and a net margin of 13.20%. On average, equities research analysts forecast that Emera Incorporated will post 3.1991627 earnings per share for the current year.
Emera Dividend Announcement
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the stock. Desjardins boosted their target price on shares of Emera from C$69.00 to C$70.00 and gave the company a “hold” rating in a report on Tuesday, April 28th. TD increased their price target on Emera from C$75.00 to C$77.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Bank of America lifted their price objective on Emera from C$73.00 to C$74.00 in a research report on Wednesday, April 8th. Raymond James Financial boosted their price objective on Emera from C$74.50 to C$75.25 and gave the company an “outperform” rating in a research note on Tuesday, April 28th. Finally, TD Securities raised their target price on Emera from C$74.00 to C$75.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Emera presently has an average rating of “Moderate Buy” and an average price target of C$74.39.
Get Our Latest Stock Report on EMA
About Emera
Emera (TSX/NYSE: EMA) is a leading North American provider of energy services headquartered in Halifax, Nova Scotia, with investments in regulated electric and natural gas utilities, and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.7 million customers in the United States, Canada and the Caribbean. Our team of 7,800 employees is committed to our purpose of energizing modern life and delivering a cleaner energy future for all. Emera’s common and preferred shares are listed and trade on the Toronto Stock Exchange and its common shares are listed and trade on the New York Stock Exchange.
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