Daniel Muldoon Sells 8,000 Shares of Emera (TSE:EMA) Stock

Emera Incorporated (TSE:EMA) insider Daniel Muldoon sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of C$67.00, for a total value of C$536,000.00. Following the sale, the insider owned 2,378 shares of the company’s stock, valued at C$159,326. The trade was a 77.09% decrease in their ownership of the stock.

Emera Stock Up 0.3%

EMA stock traded up C$0.19 during mid-day trading on Thursday, hitting C$67.06. The stock had a trading volume of 211,224 shares, compared to its average volume of 1,186,387. The stock has a market capitalization of C$20.24 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 6.20 and a beta of 0.57. The company has a fifty day moving average of C$67.46 and a 200 day moving average of C$65.13. 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 Incorporated has a 1-year low of C$51.23 and a 1-year high of C$69.62.

Emera (TSE:EMA) last posted its earnings results on Friday, November 7th. The company reported C$0.88 EPS for the quarter. The company had revenue of C$2.11 billion during the quarter. Emera had a net margin of 10.51% and a return on equity of 6.06%. On average, equities analysts expect that Emera Incorporated will post 3.1991627 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of Emera from C$68.00 to C$72.00 in a research note on Monday, November 10th. Scotiabank upped their price objective on shares of Emera from C$72.00 to C$78.00 in a research report on Tuesday. CIBC lifted their price objective on Emera from C$71.00 to C$72.00 in a report on Monday, November 10th. Raymond James Financial increased their price target on shares of Emera from C$70.00 to C$73.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Finally, Royal Bank Of Canada lifted their price objective on Emera from C$70.00 to C$76.00 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 stock. Based on data from MarketBeat, Emera currently has a consensus rating of “Moderate Buy” and a consensus price target of C$71.00.

Emera Company Profile

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.