David Arthur Pickles Sells 145 Shares of Emera (TSE:EMA) Stock

Emera Incorporated (TSE:EMA) Director David Arthur Pickles sold 145 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of C$73.34, for a total value of C$10,634.30. Following the sale, the director directly owned 357 shares in the company, valued at C$26,182.38. This represents a 28.88% decrease in their position.

Emera Price Performance

TSE:EMA traded down C$0.09 during trading hours on Tuesday, reaching C$73.86. 308,838 shares of the company were exchanged, compared to its average volume of 1,280,911. The company has a market capitalization of C$22.59 billion, a P/E ratio of 22.59, a P/E/G ratio of 6.20 and a beta of 0.57. 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. The business has a 50 day moving average of C$72.20 and a 200 day moving average of C$69.98.

Emera (TSE:EMA) last issued its quarterly earnings results 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%. Research analysts forecast that Emera Incorporated will post 3.1991627 EPS for the current year.

Emera Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were given a $0.7325 dividend. The ex-dividend date was Friday, May 1st. This represents a $2.93 annualized dividend and a dividend yield of 4.0%. Emera’s payout ratio is presently 89.14%.

Analysts Set New Price Targets

Several brokerages have recently commented on EMA. National Bank Financial boosted their target price on shares of Emera from C$69.00 to C$75.00 and gave the company a “sector perform” rating in a research report on Monday, June 1st. Desjardins raised their price objective on Emera from C$69.00 to C$70.00 and gave the company a “hold” rating in a research note on Tuesday, April 28th. Barclays set a C$72.00 price objective on Emera and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. TD raised their price objective on Emera from C$75.00 to C$77.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Finally, TD Securities raised their price objective on Emera from C$74.00 to C$75.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$74.39.

Emera Company Profile

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.