Emera Inc (EMA) Insider Bruce Marchand Sells 1,300 Shares
Emera Inc (TSE:EMA) insider Bruce Marchand sold 1,300 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of C$47.06, for a total value of C$61,178.00.
Shares of Emera Inc (TSE EMA) traded up 0.45% during mid-day trading on Thursday, reaching $46.59. The company had a trading volume of 462,464 shares. The stock has a 50 day moving average price of $47.25 and a 200 day moving average price of $47.27. The firm has a market capitalization of $9.89 billion and a PE ratio of 24.42. Emera Inc has a 12-month low of $43.76 and a 12-month high of $49.24.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 15th were paid a $0.5225 dividend. This represents a $2.09 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend was Friday, July 28th.
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Several research analysts have recently issued reports on the company. TD Securities upped their price objective on Emera from C$51.00 to C$53.00 and gave the company a “buy” rating in a research note on Monday, August 14th. Barclays PLC upped their price objective on Emera from C$53.00 to C$54.00 in a research note on Monday, August 14th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of C$53.06.
Emera Company Profile
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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