Insider Selling: Emera (TSE:EMA) Insider Sells 8,000 Shares of Stock

Emera Incorporated (TSE:EMA) insider Daniel Muldoon sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of C$67.00, for a total value of C$536,000.00. Following the transaction, the insider owned 2,378 shares in the company, valued at approximately C$159,326. This trade represents a 77.09% decrease in their position.

Emera Stock Up 0.3%

Shares of TSE:EMA traded up C$0.19 during midday trading on Thursday, reaching C$67.06. 211,224 shares of the company were exchanged, compared to its average volume of 1,186,387. The firm has a market cap of C$20.24 billion, a PE ratio of 18.17, a P/E/G ratio of 6.20 and a beta of 0.57. The stock has a fifty day simple moving average of C$67.46 and a two-hundred day simple moving average of C$65.13. Emera Incorporated has a fifty-two week low of C$51.23 and a fifty-two week high of C$69.62. 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) last announced its quarterly earnings data on Friday, November 7th. The company reported C$0.88 EPS for the quarter. Emera had a net margin of 10.51% and a return on equity of 6.06%. The business had revenue of C$2.11 billion for the quarter. As a group, sell-side analysts forecast that Emera Incorporated will post 3.1991627 earnings per share for the current year.

Analysts Set New Price Targets

EMA has been the subject of a number of research analyst reports. CIBC boosted their price objective on Emera from C$71.00 to C$72.00 in a report on Monday, November 10th. National Bankshares raised their price objective on Emera from C$63.00 to C$67.00 and gave the company a “sector perform” rating in a research note on Wednesday. Desjardins increased their price target on Emera from C$64.00 to C$68.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. BMO Capital Markets raised their price target on shares of Emera from C$68.00 to C$72.00 in a research note on Monday, November 10th. Finally, Scotiabank raised their price objective on Emera from C$72.00 to C$78.00 in a research report on Tuesday. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$71.00.

Emera Company Profile

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.