Emera (TSE:EMA) Insider Daniel Muldoon Sells 8,000 Shares

Emera Incorporated (TSE:EMA) insider Daniel Muldoon sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of C$67.00, for a total transaction of C$536,000.00. Following the completion of the transaction, the insider owned 2,378 shares of the company’s stock, valued at C$159,326. This trade represents a 77.09% decrease in their ownership of the stock.

Emera Stock Performance

Emera stock opened at C$66.85 on Friday. The firm’s 50 day simple moving average is C$67.45 and its 200 day simple moving average is C$65.14. The firm has a market capitalization of C$20.17 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 6.20 and a beta of 0.57. The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23. Emera Incorporated has a 1-year low of C$51.23 and a 1-year high of C$69.62.

Emera (TSE:EMA) last issued its quarterly earnings data on Friday, November 7th. The company reported C$0.88 earnings per share (EPS) for the quarter. The company had revenue of C$2.11 billion for the quarter. Emera had a return on equity of 6.06% and a net margin of 10.51%. As a group, analysts expect that Emera Incorporated will post 3.1991627 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EMA. Scotiabank lifted their price target on Emera from C$72.00 to C$78.00 in a research report on Tuesday. Desjardins raised their target price on shares of Emera from C$64.00 to C$68.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. National Bankshares lifted their target price on shares of Emera from C$63.00 to C$67.00 and gave the company a “sector perform” rating in a research report on Wednesday. Royal Bank Of Canada boosted their price target on shares of Emera from C$70.00 to C$76.00 in a research note on Monday, November 10th. Finally, Raymond James Financial increased their price target on shares of Emera from C$70.00 to C$73.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Emera currently has an average rating of “Moderate Buy” and an average price target of C$71.00.

Emera Company Profile

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.