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

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

Emera Stock Down 0.7%

EMA stock opened at C$73.11 on Thursday. The stock has a market capitalization of C$22.36 billion, a P/E ratio of 22.36, a P/E/G ratio of 6.20 and a beta of 0.57. The firm has a 50-day simple moving average of C$72.20 and a 200-day simple moving average of C$70.05. The company has a quick ratio of 0.23, a current ratio of 1.07 and a debt-to-equity ratio of 168.83. Emera Incorporated has a 52 week low of C$60.50 and a 52 week high of C$74.80.

Emera (TSE:EMA) last released its earnings results on Friday, May 8th. The company reported C$1.37 EPS for the quarter. The business had revenue of C$2.81 billion during the quarter. Emera had a net margin of 13.20% and a return on equity of 7.90%. Equities analysts forecast that Emera Incorporated will post 3.1991627 earnings per share for the current fiscal year.

Emera Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were paid a dividend of $0.7325 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $2.93 dividend on an annualized basis and a dividend yield of 4.0%. Emera’s payout ratio is currently 89.14%.

Analyst Ratings Changes

A number of research firms have recently commented on EMA. National Bank Financial boosted their target price on shares of Emera from C$69.00 to C$75.00 and gave the stock a “sector perform” rating in a research note on Monday, June 1st. TD Securities upped their price objective on shares of Emera from C$74.00 to C$75.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. TD upped their price objective on shares of Emera from C$75.00 to C$77.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Desjardins upped their price objective on shares of Emera from C$69.00 to C$70.00 and gave the company a “hold” rating in a research note on Tuesday, April 28th. Finally, Raymond James Financial upped their price objective on shares of Emera from C$74.50 to C$75.25 and gave the company an “outperform” rating in a research note on Tuesday, April 28th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Emera has an average rating of “Moderate Buy” and an average price target of C$74.39.

Emera Company Profile

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.