Key Points
- Director Scott Carlyle Balfour sold 20,000 shares of Emera on November 17 at an average price of C$68.25 for total proceeds of C$1,365,000, leaving him with 7,733 shares — a 72.12% reduction in his position.
- Emera stock recently opened at C$65.96 (12‑month range C$51.23–C$69.62) with a market cap of C$19.90B and a P/E of 17.88, and analysts hold a consensus "Moderate Buy" rating with an average price target of C$69.78 after several upward revisions.
Emera Incorporated (TSE:EMA - Get Free Report) Director Scott Carlyle Balfour sold 20,000 shares of the company's stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of C$68.25, for a total value of C$1,365,000.00. Following the transaction, the director directly owned 7,733 shares of the company's stock, valued at approximately C$527,777.25. This trade represents a 72.12% decrease in their position.
Emera Stock Performance
Shares of EMA stock opened at C$65.96 on Friday. Emera Incorporated has a 12 month low of C$51.23 and a 12 month high of C$69.62. The company's fifty day simple moving average is C$67.49 and its 200-day simple moving average is C$65.05. The firm has a market cap of C$19.90 billion, a PE ratio of 17.88, a P/E/G ratio of 6.20 and a beta of 0.57. The company has a quick ratio of 0.23, a current ratio of 0.72 and a debt-to-equity ratio of 150.23.
Emera (TSE:EMA - Get Free Report) last issued its quarterly earnings results on Friday, November 7th. The company reported C$0.88 EPS for the quarter. Emera had a return on equity of 6.06% and a net margin of 10.51%.The firm had revenue of C$2.11 billion during the quarter. Equities research analysts expect that Emera Incorporated will post 3.1991627 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on EMA shares. CIBC increased their price target on Emera from C$71.00 to C$72.00 in a research note on Monday, November 10th. BMO Capital Markets boosted their price target on Emera from C$68.00 to C$72.00 in a research note on Monday, November 10th. Raymond James Financial lifted their price objective on shares of Emera from C$70.00 to C$73.00 and gave the company an "outperform" rating in a research note on Friday, October 24th. Royal Bank Of Canada increased their target price on shares of Emera from C$70.00 to C$76.00 in a research note on Monday, November 10th. Finally, Desjardins lifted their price target on shares of Emera from C$64.00 to C$68.00 and gave the company a "hold" rating in a research note on Wednesday, October 22nd. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of C$69.78.
Read Our Latest Research Report on Emera
Emera Company Profile
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Emera is a geographically diverse energy and services company investing in electricity generation, transmission, and distribution as well as gas transmission and utility energy services. Emera has operations throughout North America and the Caribbean countries.
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