Scott Carlyle Balfour Sells 10,000 Shares of Emera (TSE:EMA) Stock

Emera Incorporated (TSE:EMA) Director Scott Carlyle Balfour sold 10,000 shares of the firm’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of C$67.75, for a total value of C$677,500.00. Following the transaction, the director directly owned 7,733 shares in the company, valued at C$523,910.75. This trade represents a 56.39% decrease in their ownership of the stock.

Scott Carlyle Balfour also recently made the following trade(s):

• On Monday, November 17th, Scott Carlyle Balfour sold 20,000 shares of Emera stock. The shares were sold at an average price of C$68.25, for a total transaction of C$1,365,000.00.

Emera Price Performance

EMA traded up C$0.16 on Wednesday, reaching C$67.70. The company had a trading volume of 149,041 shares, compared to its average volume of 1,173,827. The company has a fifty day moving average of C$67.20 and a 200-day moving average of C$65.52. The company has a market capitalization of C$20.43 billion, a P/E ratio of 18.35, a PEG ratio of 6.20 and a beta of 0.57. Emera Incorporated has a one year low of C$51.23 and a one year high of C$69.62. The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23.

Emera (TSE:EMA) last posted its quarterly earnings data on Friday, November 7th. The company reported C$0.88 EPS for the quarter. Emera had a net margin of 10.51% and a return on equity of 6.06%. The business had revenue of C$2.11 billion for the quarter. As a group, equities research analysts anticipate that Emera Incorporated will post 3.1991627 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EMA. CIBC upped their price objective on Emera from C$71.00 to C$72.00 in a report on Monday, November 10th. Scotiabank boosted their price target on shares of Emera from C$72.00 to C$78.00 in a research report on Tuesday, December 16th. Raymond James Financial raised their price objective on shares of Emera from C$70.00 to C$73.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Royal Bank Of Canada boosted their target price on shares of Emera from C$70.00 to C$76.00 in a report on Monday, November 10th. Finally, BMO Capital Markets raised their target price on shares of Emera from C$68.00 to C$72.00 in a report on Monday, November 10th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$71.00.

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.