Scott Carlyle Balfour Sells 20,000 Shares of Emera (TSE:EMA) Stock

Emera Incorporated (TSE:EMA) Director Scott Carlyle Balfour sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of C$68.25, for a total value of C$1,365,000.00. Following the completion of the sale, the director directly owned 7,733 shares in the company, valued at approximately C$527,777.25. The trade was a 72.12% decrease in their position.

Emera Trading Up 1.1%

Shares of Emera stock traded up C$0.73 during trading hours on Friday, reaching C$65.96. 619,838 shares of the company’s stock were exchanged, compared to its average volume of 1,196,236. Emera Incorporated has a 52-week low of C$51.23 and a 52-week high of C$69.62. The company has a fifty day moving average of C$67.49 and a 200-day moving average of C$65.03. 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 firm has a market capitalization of C$19.90 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 6.20 and a beta of 0.57.

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

Analysts Set New Price Targets

EMA has been the subject of a number of analyst reports. Scotiabank upped their price objective on shares of Emera from C$70.00 to C$72.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Desjardins boosted their price target on Emera from C$64.00 to C$68.00 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. CIBC raised their price objective on Emera from C$71.00 to C$72.00 in a research note on Monday, November 10th. Royal Bank Of Canada increased their price objective on shares of Emera from C$70.00 to C$76.00 in a research note on Monday, November 10th. Finally, Raymond James Financial boosted their price objective on Emera from C$70.00 to C$73.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$69.78.

About Emera

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.