Emera (TSE:EMA) Director Sells C$10,634.30 in Stock

Emera Incorporated (TSE:EMA) Director David Arthur Pickles sold 145 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of C$73.34, for a total transaction of C$10,634.30. Following 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 Stock Performance

TSE:EMA opened at C$73.21 on Friday. The stock has a market capitalization of C$22.39 billion, a P/E ratio of 22.39, a price-to-earnings-growth ratio of 6.20 and a beta of 0.57. The company has a current ratio of 1.07, a quick ratio of 0.23 and a debt-to-equity ratio of 168.83. Emera Incorporated has a 1 year low of C$60.50 and a 1 year high of C$74.80. The firm has a 50 day moving average of C$72.20 and a 200-day moving average of C$70.09.

Emera (TSE:EMA) last released its quarterly earnings results on Friday, May 8th. The company reported C$1.37 earnings per share for the quarter. Emera had a return on equity of 7.90% and a net margin of 13.20%.The firm had revenue of C$2.81 billion during the quarter. As a group, sell-side analysts anticipate that Emera Incorporated will post 3.1991627 EPS for the current fiscal year.

Emera Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were issued a dividend of $0.7325 per share. This represents a $2.93 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Friday, May 1st. Emera’s dividend payout ratio is presently 89.14%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on EMA shares. Raymond James Financial lifted their price target on Emera from C$74.50 to C$75.25 and gave the company an “outperform” rating in a report on Tuesday, April 28th. Bank of America raised their price objective on shares of Emera from C$73.00 to C$74.00 in a research report on Wednesday, April 8th. BMO Capital Markets boosted their target price on shares of Emera from C$72.00 to C$74.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 24th. Desjardins upped their target price on shares of Emera from C$69.00 to C$70.00 and gave the stock a “hold” rating in a research report on Tuesday, April 28th. Finally, TD increased their price target on shares of Emera from C$75.00 to C$77.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Emera currently has an average rating of “Moderate Buy” and an average target price of C$74.39.

Emera Company Profile

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.