Emera (TSE:EMA) Hits New 1-Year High – Here’s What Happened

Emera Incorporated (TSE:EMA)’s share price hit a new 52-week high on Monday . The company traded as high as C$71.86 and last traded at C$69.34, with a volume of 198148 shares. The stock had previously closed at C$70.17.

Analyst Upgrades and Downgrades

EMA has been the subject of a number of analyst reports. BMO Capital Markets boosted their price objective on Emera from C$68.00 to C$72.00 in a research report on Monday, November 10th. Royal Bank Of Canada boosted their price target on shares of Emera from C$70.00 to C$76.00 in a report on Monday, November 10th. Scotiabank upped their price target on shares of Emera from C$72.00 to C$78.00 in a research report on Tuesday, December 16th. Canadian Imperial Bank of Commerce increased their price objective on shares of Emera from C$71.00 to C$72.00 in a report on Monday, November 10th. Finally, National Bank Financial lifted their price objective 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, December 17th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$71.00.

Emera Price Performance

The stock has a market capitalization of C$21.16 billion, a price-to-earnings ratio of 19.22, a price-to-earnings-growth ratio of 6.20 and a beta of 0.59. 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 stock has a 50-day simple moving average of C$67.86 and a 200 day simple moving average of C$66.99.

Emera (TSE:EMA) last released its quarterly earnings data on Monday, February 23rd. The company reported C$1.48 earnings per share for the quarter. Emera had a net margin of 10.51% and a return on equity of 6.06%. The firm had revenue of C$2.01 billion for the quarter. On average, equities research analysts forecast that Emera Incorporated will post 3.1991627 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Scott Carlyle Balfour sold 10,000 shares of the stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of C$67.75, for a total transaction of C$677,500.00. Following the completion of the sale, the director owned 7,733 shares in the company, valued at C$523,910.75. This represents a 56.39% decrease in their position. Also, insider Daniel Muldoon sold 8,000 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of C$67.00, for a total transaction of C$536,000.00. Following the completion of the sale, the insider owned 2,378 shares in the company, valued at C$159,326. This represents a 77.09% decrease in their ownership of the stock. Company insiders own 0.09% of the company’s stock.

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.