Emera (TSE:EMA) Director David Arthur Pickles Sells 145 Shares

Emera Incorporated (TSE:EMAGet Free Report) Director David Arthur Pickles sold 145 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of C$73.34, for a total value of C$10,634.30. Following the completion of the sale, the director directly owned 357 shares of the company’s stock, valued at approximately C$26,182.38. The trade was a 28.88% decrease in their position.

Emera Trading Down 0.1%

Shares of EMA stock traded down C$0.09 on Tuesday, hitting C$73.86. The company had a trading volume of 308,838 shares, compared to its average volume of 1,280,911. The firm has a market cap of C$22.59 billion, a P/E ratio of 22.59, a P/E/G ratio of 6.20 and a beta of 0.57. The stock’s 50-day moving average is C$72.20 and its two-hundred day moving average is C$69.98. The company has a debt-to-equity ratio of 168.83, a quick ratio of 0.23 and a current ratio of 1.07. Emera Incorporated has a twelve month low of C$60.50 and a twelve month high of C$74.80.

Emera (TSE:EMAGet Free Report) last issued its quarterly earnings results on Friday, May 8th. The company reported C$1.37 earnings per share for the quarter. The company had revenue of C$2.81 billion during the quarter. Emera had a return on equity of 7.90% and a net margin of 13.20%. On average, equities research analysts anticipate that Emera Incorporated will post 3.1991627 earnings per share for the current fiscal year.

Emera Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were paid a dividend of $0.7325 per share. This represents a $2.93 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Friday, May 1st. Emera’s dividend payout ratio is 89.14%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on EMA shares. National Bank Financial increased their price target on Emera from C$69.00 to C$75.00 and gave the company a “sector perform” rating in a research report on Monday, June 1st. TD increased their price target on Emera from C$75.00 to C$77.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Desjardins increased their price target on Emera from C$69.00 to C$70.00 and gave the company a “hold” rating in a research report on Tuesday, April 28th. Barclays set a C$72.00 target price on Emera and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Finally, TD Securities boosted 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 equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$74.39.

View Our Latest Report on EMA

Emera Company Profile

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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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