Emera Inc (EMA) Insider Sells C$790,411.00 in Stock
Emera Inc (TSE:EMA) insider Daniel Muldoon sold 16,700 shares of the stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of C$47.33, for a total transaction of C$790,411.00.
Shares of Emera Inc (TSE EMA) opened at 48.01 on Monday. The firm has a market capitalization of $10.19 billion and a PE ratio of 25.16. Emera Inc has a 12-month low of $43.76 and a 12-month high of $49.24. The firm has a 50-day moving average of $47.26 and a 200-day moving average of $47.42.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be given a $0.565 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This is an increase from Emera’s previous quarterly dividend of $0.52. This represents a $2.26 dividend on an annualized basis and a dividend yield of 4.71%.
EMA has been the subject of several recent analyst reports. CIBC increased their price objective on shares of Emera from C$54.00 to C$56.00 in a research report on Friday, September 29th. Barclays PLC increased their price objective on shares of Emera from C$53.00 to C$54.00 in a research report on Monday, August 14th. TD Securities increased their price objective on shares of Emera from C$51.00 to C$53.00 and gave the stock a “buy” rating in a research report on Monday, August 14th. Finally, BMO Capital Markets increased their price objective on shares of Emera from C$51.00 to C$52.00 and gave the stock a “market perform” rating in a research report on Monday, October 2nd. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target 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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