Key Points
- Director David Arthur Pickles sold 145 Emera shares on June 15 at an average price of C$73.34, a transaction worth C$10,634.30. After the sale, he held 357 shares, reducing his position by 28.88%.
- Emera’s stock was trading near its 52-week high, opening at C$73.61 and sitting close to the year’s high of C$74.80. The company also has a market cap of C$22.52 billion and a dividend yield of 4.0%.
- Analysts remain moderately bullish on Emera, with six Buy ratings and four Hold ratings. The consensus price target is C$74.39, slightly above recent trading levels.
Emera Incorporated (TSE:EMA - Get Free Report) Director David Arthur Pickles sold 145 shares of the company's stock in a transaction 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 completion of the transaction, the director directly owned 357 shares in the company, valued at approximately C$26,182.38. The trade was a 28.88% decrease in their position.
Emera Stock Down 0.5%
TSE EMA opened at C$73.61 on Wednesday. The stock has a market capitalization of C$22.52 billion, a PE ratio of 22.51, a PEG ratio of 6.20 and a beta of 0.57. The business's 50-day moving average is C$72.20 and its 200 day moving average is C$70.02. Emera Incorporated has a 1 year low of C$60.50 and a 1 year 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.
Emera (TSE:EMA - Get Free Report) last released its quarterly earnings data on Friday, May 8th. The company reported C$1.37 earnings per share (EPS) for the quarter. The business had revenue of C$2.81 billion for the quarter. Emera had a return on equity of 7.90% and a net margin of 13.20%. Sell-side analysts forecast that Emera Incorporated will post 3.1991627 earnings per share for the current year.
Emera Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were given a $0.7325 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $2.93 annualized dividend and a yield of 4.0%. Emera's dividend payout ratio is 89.14%.
Wall Street Analysts Forecast Growth
EMA has been the topic of several research analyst reports. BMO Capital Markets increased their price target on Emera from C$72.00 to C$74.00 and gave the company an "outperform" rating in a report on Tuesday, February 24th. Raymond James Financial raised their target price on Emera from C$74.50 to C$75.25 and gave the stock an "outperform" rating in a report on Tuesday, April 28th. TD raised their target price on Emera from C$75.00 to C$77.00 and gave the stock a "buy" rating in a report on Monday, May 11th. Barclays set a C$72.00 target price on Emera and gave the stock an "equal weight" rating in a report on Tuesday, April 28th. Finally, Desjardins raised their target price on Emera from C$69.00 to C$70.00 and gave the stock a "hold" rating in a report on Tuesday, April 28th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$74.39.
View Our Latest Report on EMA
Emera Company Profile
(
Get Free Report)
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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