Daniel Muldoon Sells 16,700 Shares of Emera Inc (EMA) Stock
Emera Inc (TSE:EMA) insider Daniel Muldoon sold 16,700 shares of Emera stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of C$47.33, for a total value of C$790,411.00.
Emera Inc (TSE EMA) traded up 0.17% during mid-day trading on Friday, reaching $48.01. The company’s stock had a trading volume of 279,430 shares. The firm has a 50-day moving average of $47.24 and a 200 day moving average of $47.40. Emera Inc has a 1-year low of $43.76 and a 1-year high of $49.24. The firm has a market capitalization of $10.19 billion and a price-to-earnings ratio of 25.16.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be paid a $0.565 dividend. This is an increase from Emera’s previous quarterly dividend of $0.52. This represents a $2.26 annualized dividend and a yield of 4.72%. The ex-dividend date is Tuesday, October 31st.
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EMA has been the subject of several research reports. BMO Capital Markets lifted their price target on Emera from C$51.00 to C$52.00 and gave the stock a “market perform” rating in a research note on Monday. TD Securities boosted their target price on shares of Emera from C$51.00 to C$53.00 and gave the company a “buy” rating in a research note on Monday, August 14th. CIBC boosted their target price on shares of Emera from C$54.00 to C$56.00 in a research note on Friday, September 29th. Finally, Barclays PLC boosted their target price on shares of Emera from C$53.00 to C$54.00 in a research note on Monday, August 14th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Emera presently has a consensus rating of “Hold” and an average target price of C$53.17.
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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