Emera (TSE:EMA) Director David Arthur Pickles Sells 145 Shares

Emera Incorporated (TSE:EMA) Director David Arthur Pickles sold 145 shares of Emera stock in a transaction dated Monday, June 15th. The shares were sold at an average price of C$73.34, for a total transaction of C$10,634.30. Following the completion of the transaction, the director directly owned 357 shares of the company’s stock, valued at approximately C$26,182.38. This trade represents a 28.88% decrease in their position.

Emera Stock Down 0.5%

Shares of EMA stock opened at C$73.61 on Wednesday. Emera Incorporated has a 52-week low of C$60.50 and a 52-week high of C$74.80. The stock has a market cap of C$22.52 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 6.20 and a beta of 0.57. The firm’s 50-day moving average is C$72.20 and its 200-day moving average is C$70.02. The company has a debt-to-equity ratio of 168.83, a quick ratio of 0.23 and a current ratio of 1.07.

Emera (TSE:EMA) last released its quarterly earnings data on Friday, May 8th. The company reported C$1.37 earnings per share (EPS) for the quarter. The firm had revenue of C$2.81 billion for the quarter. Emera had a return on equity of 7.90% and a net margin of 13.20%. Sell-side analysts predict that Emera Incorporated will post 3.1991627 EPS for the current year.

Emera Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 15th were given a dividend of $0.7325 per share. The ex-dividend date was Friday, May 1st. This represents a $2.93 annualized dividend and a yield of 4.0%. Emera’s dividend payout ratio (DPR) is 89.14%.

Analysts Set New Price Targets

EMA has been the subject of a number of research reports. National Bank Financial lifted their target price on Emera from C$69.00 to C$75.00 and gave the stock a “sector perform” rating in a report on Monday, June 1st. Bank of America lifted their target price on Emera from C$73.00 to C$74.00 in a report on Wednesday, April 8th. TD Securities lifted their target price on Emera from C$74.00 to C$75.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Raymond James Financial lifted their target price on Emera from C$74.50 to C$75.25 and gave the stock an “outperform” rating in a report on Tuesday, April 28th. Finally, BMO Capital Markets lifted their price target on shares of Emera from C$72.00 to C$74.00 and gave the company an “outperform” rating in a research report on Tuesday, February 24th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Emera presently has an average rating of “Moderate Buy” and a consensus target price of C$74.39.

About Emera

Emera (TSX/NYSE: EMA) is a leading North American provider of energy services headquartered in Halifax, Nova Scotia, with investments in regulated electric and natural gas utilities, and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.7 million customers in the United States, Canada and the Caribbean. Our team of 7,800 employees is committed to our purpose of energizing modern life and delivering a cleaner energy future for all. Emera’s common and preferred shares are listed and trade on the Toronto Stock Exchange and its common shares are listed and trade on the New York Stock Exchange.