Richard Janega Sells 16,500 Shares of Emera (TSE:EMA) Stock

Emera Incorporated (TSE:EMA) insider Richard Janega sold 16,500 shares of Emera stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of C$74.25, for a total value of C$1,225,125.00. Following the completion of the sale, the insider owned 19,642 shares of the company’s stock, valued at C$1,458,418.50. This trade represents a 45.65% decrease in their position.

Emera Trading Up 0.1%

TSE EMA opened at C$73.21 on Friday. The company has a market cap of C$22.39 billion, a P/E ratio of 22.39, a P/E/G ratio of 6.20 and a beta of 0.57. Emera Incorporated has a 12 month low of C$60.50 and a 12 month high of C$74.80. The company has a debt-to-equity ratio of 168.83, a current ratio of 1.07 and a quick ratio of 0.23. The company 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 earnings results on Friday, May 8th. The company reported C$1.37 earnings per share (EPS) for the quarter. Emera had a net margin of 13.20% and a return on equity of 7.90%. The business had revenue of C$2.81 billion for the quarter. As a group, equities analysts predict that Emera Incorporated will post 3.1991627 earnings per share for the current year.

Emera Dividend Announcement

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

Analyst Upgrades and Downgrades

EMA has been the subject of a number of research analyst reports. TD upped their price objective on Emera from C$75.00 to C$77.00 and gave the stock a “buy” rating in a report on Monday, May 11th. TD Securities increased their target price on Emera from C$74.00 to C$75.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. BMO Capital Markets lifted their target price on Emera from C$72.00 to C$74.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th. National Bank Financial boosted 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. Finally, Desjardins upped their price target on Emera from C$69.00 to C$70.00 and gave the stock a “hold” rating in a research note on Tuesday, April 28th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$74.39.

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.