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 company’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of C$67.75, for a total transaction of C$677,500.00. Following the completion of the sale, the director owned 7,733 shares in the company, valued at approximately C$523,910.75. This trade represents a 56.39% decrease in their position.

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 stock was sold at an average price of C$68.25, for a total transaction of C$1,365,000.00.

Emera Stock Up 0.1%

TSE:EMA opened at C$67.64 on Friday. The company has a debt-to-equity ratio of 150.23, a quick ratio of 0.23 and a current ratio of 0.72. The company has a market capitalization of C$20.41 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth 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 stock has a 50-day simple moving average of C$67.14 and a 200 day simple moving average of C$65.55.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on EMA. BMO Capital Markets lifted their price objective on shares of Emera from C$68.00 to C$72.00 in a report on Monday, November 10th. Scotiabank raised 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 lifted their price target on shares of Emera from C$70.00 to C$73.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Desjardins increased their price objective on shares of Emera from C$64.00 to C$68.00 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. Finally, Royal Bank Of Canada raised their target price on shares of 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 given a Hold rating to the company. Based on data from MarketBeat, Emera currently has a consensus 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.