Key Points
- Director Scott Carlyle Balfour sold 10,000 Emera shares on Dec. 31 at an average of C$67.75 for C$677,500, leaving him with 7,733 shares and a 56.39% reduction in his ownership.
- He previously sold 20,000 shares on Nov. 17 at an average of C$68.25 for C$1,365,000, indicating multiple recent insider dispositions.
- Analysts remain broadly positive with a consensus rating of “Moderate Buy” and an average price target of C$71.00, following several recent target increases into the mid‑to‑high C$60s/70s.
Emera Incorporated (TSE:EMA - Get Free Report) Director Scott Carlyle Balfour sold 10,000 shares of Emera stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of C$67.75, for a total value of C$677,500.00. Following the sale, the director owned 7,733 shares in the company, valued at C$523,910.75. This represents a 56.39% decrease in their ownership of the stock.
Scott Carlyle Balfour also recently made the following trade(s):
- On Monday, November 17th, Scott Carlyle Balfour sold 20,000 shares of Emera stock. The shares were sold at an average price of C$68.25, for a total transaction of C$1,365,000.00.
Emera Stock Up 0.1%
EMA stock opened at C$67.64 on Thursday. The business has a fifty day moving average price of C$67.17 and a 200-day moving average price of C$65.54. Emera Incorporated has a 1-year low of C$51.23 and a 1-year high of C$69.62. The stock has a market capitalization of C$20.41 billion, a P/E ratio of 18.33, a P/E/G ratio of 6.20 and a beta of 0.57. The company has a debt-to-equity ratio of 150.23, a current ratio of 0.72 and a quick ratio of 0.23.
Emera (TSE:EMA - Get Free Report) last posted its earnings results on Friday, November 7th. The company reported C$0.88 earnings per share for the quarter. The company had revenue of C$2.11 billion for the quarter. Emera had a return on equity of 6.06% and a net margin of 10.51%. Equities analysts forecast that Emera Incorporated will post 3.1991627 earnings per share for the current fiscal year.
Analysts Set New Price Targets
EMA has been the subject of a number of recent research reports. Scotiabank raised their target price on shares of Emera from C$72.00 to C$78.00 in a report on Tuesday, December 16th. CIBC raised their target price on shares of Emera from C$71.00 to C$72.00 in a research report on Monday, November 10th. Royal Bank Of Canada lifted their price objective on Emera from C$70.00 to C$76.00 in a report on Monday, November 10th. National Bankshares upped their target price on Emera from C$63.00 to C$67.00 and gave the stock a "sector perform" rating in a report on Wednesday, December 17th. Finally, Desjardins upped their price objective on Emera from C$64.00 to C$68.00 and gave the stock a "hold" rating in a research note on Wednesday, October 22nd. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$71.00.
Get Our Latest Analysis on Emera
About Emera
(
Get Free Report)
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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