Insider Selling: Emera (TSE:EMA) Director Sells C$1,365,000.00 in Stock

Emera Incorporated (TSE:EMA) Director Scott Carlyle Balfour sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of C$68.25, for a total transaction of C$1,365,000.00. Following the sale, the director directly owned 7,733 shares in the company, valued at approximately C$527,777.25. This represents a 72.12% decrease in their position.

Emera Trading Up 0.7%

TSE EMA opened at C$66.45 on Tuesday. The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23. The company has a fifty day simple moving average of C$67.47 and a two-hundred day simple moving average of C$65.09. Emera Incorporated has a 12-month low of C$51.23 and a 12-month high of C$69.62. The stock has a market cap of C$20.05 billion, a P/E ratio of 18.01, a P/E/G ratio of 6.20 and a beta of 0.57.

Emera (TSE:EMA) last posted its quarterly earnings results on Friday, November 7th. The company reported C$0.88 earnings per share for the quarter. Emera had a return on equity of 6.06% and a net margin of 10.51%.The business had revenue of C$2.11 billion for the quarter. On average, analysts forecast that Emera Incorporated will post 3.1991627 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. BMO Capital Markets upped their price target on shares of Emera from C$68.00 to C$72.00 in a report on Monday, November 10th. Raymond James Financial lifted their target price on shares of Emera from C$70.00 to C$73.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. CIBC boosted their price target on Emera from C$71.00 to C$72.00 in a research report on Monday, November 10th. Scotiabank upped their price objective on shares of Emera from C$70.00 to C$72.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Finally, Desjardins upped their target price on Emera from C$64.00 to C$68.00 and gave the company a “hold” rating in a report on Wednesday, October 22nd. Five 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, Emera presently has a consensus rating of “Moderate Buy” and a consensus price target of C$69.78.

About Emera

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.