Emera (TSE:EMA) Insider Richard Janega Sells 16,500 Shares of Stock

Emera Incorporated (TSE:EMA) insider Richard Janega sold 16,500 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of C$74.25, for a total transaction of C$1,225,125.00. Following the completion of the sale, the insider directly owned 19,642 shares of the company’s stock, valued at C$1,458,418.50. The trade was a 45.65% decrease in their ownership of the stock.

Emera Stock Performance

TSE EMA opened at C$73.11 on Thursday. The firm has a market cap 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. Emera Incorporated has a 52-week low of C$60.50 and a 52-week high of C$74.80. The business’s 50-day moving average price is C$72.20 and its 200 day moving average price is 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 (TSE:EMA) last posted its quarterly earnings data on Friday, May 8th. The company reported C$1.37 EPS for the quarter. Emera had a return on equity of 7.90% and a net margin of 13.20%.The firm had revenue of C$2.81 billion during the quarter. On average, equities research analysts expect that Emera Incorporated will post 3.1991627 earnings per share for the current year.

Emera Announces Dividend

The business also recently declared 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. This represents a $2.93 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Friday, May 1st. Emera’s dividend payout ratio is 89.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Desjardins lifted 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 report on Tuesday, April 28th. BMO Capital Markets upped their price objective on shares of Emera from C$72.00 to C$74.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 24th. TD Securities raised their target price on shares of Emera from C$74.00 to C$75.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Bank of America lifted their target price on shares of Emera from C$73.00 to C$74.00 in a report on Wednesday, April 8th. Finally, TD boosted their price target on shares of Emera from C$75.00 to C$77.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.