Richard Janega Sells 16,500 Shares of Emera (TSE:EMA) Stock

Emera Incorporated (TSE:EMA) insider Richard Janega sold 16,500 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of C$74.25, for a total transaction of C$1,225,125.00. Following the transaction, the insider owned 19,642 shares in the company, valued at approximately C$1,458,418.50. The trade was a 45.65% decrease in their position.

Emera Stock Performance

Shares of TSE:EMA traded down C$0.92 on Wednesday, hitting C$72.69. 300,621 shares of the company were exchanged, compared to its average volume of 1,275,549. The company’s 50 day moving average price is C$72.20 and its two-hundred day moving average price is C$70.02. Emera Incorporated has a one year low of C$60.50 and a one year high of C$74.80. The company has a debt-to-equity ratio of 168.83, a quick ratio of 0.23 and a current ratio of 1.07. The firm has a market capitalization of C$22.24 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 6.20 and a beta of 0.57.

Emera (TSE:EMA) last posted its quarterly earnings data on Friday, May 8th. The company reported C$1.37 earnings per share (EPS) for the quarter. Emera had a net margin of 13.20% and a return on equity of 7.90%. The company had revenue of C$2.81 billion for the quarter. Research analysts expect that Emera Incorporated will post 3.1991627 earnings per share for the current year.

Emera Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were issued a dividend of $0.7325 per share. 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%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EMA. Bank of America upped their target price on shares of Emera from C$73.00 to C$74.00 in a research note on Wednesday, April 8th. Raymond James Financial upped their price objective on shares of Emera from C$74.50 to C$75.25 and gave the stock an “outperform” rating in a research note on Tuesday, April 28th. TD increased their price target on shares of Emera from C$75.00 to C$77.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Desjardins increased their price target on shares of Emera from C$69.00 to C$70.00 and gave the company a “hold” rating in a research note on Tuesday, April 28th. Finally, Barclays set a C$72.00 price objective on shares of Emera and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Six 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, the company currently has an average 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.