Emera Inc (TSE:EMA) Director James Daniel Eisenhauer acquired 5,000 shares of the stock in a transaction on Wednesday, February 14th. The stock was bought at an average price of C$39.36 per share, for a total transaction of C$196,800.00.

Shares of Emera Inc (TSE EMA) traded down C$0.24 during mid-day trading on Wednesday, hitting C$39.69. The stock had a trading volume of 1,803,856 shares, compared to its average volume of 866,240. The firm has a market cap of $9,070.00, a P/E ratio of 14.49 and a beta of -0.01. Emera Inc has a twelve month low of C$39.08 and a twelve month high of C$49.48.

Emera (TSE:EMA) last announced its earnings results on Tuesday, November 14th. The company reported C$0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.74 by C($0.19). The business had revenue of C$1.43 billion for the quarter, compared to analyst estimates of C$1.55 billion. Emera had a return on equity of 5.43% and a net margin of 6.94%.

Several equities research analysts have commented on the company. Scotiabank lowered their price objective on Emera from C$50.00 to C$48.00 and set a “sector perform” rating on the stock in a research report on Tuesday. TD Securities reduced their target price on Emera from C$53.00 to C$49.00 and set a “buy” rating for the company in a research note on Tuesday. National Bank Financial reduced their target price on Emera from C$45.00 to C$43.00 in a research note on Tuesday. Royal Bank of Canada reduced their target price on Emera from C$57.00 to C$50.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, BMO Capital Markets reduced their target price on Emera from C$52.00 to C$51.00 and set an “outperform” rating for the company in a research note on Monday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of C$50.14.

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About Emera

Emera Incorporated is an energy and services company, which invests in electricity generation, transmission and distribution, gas transmission and utility services. The Company operates through six segments: Emera Florida and New Mexico; Nova Scotia Power Inc (NSPI); Emera Maine; Emera Caribbean; Emera Energy, and Corporate and Other.

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