Scott Carlyle Balfour Purchases 6,250 Shares of Emera Inc (EMA) Stock

Emera Inc (TSE:EMA) insider Scott Carlyle Balfour acquired 6,250 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was purchased at an average cost of C$39.99 per share, with a total value of C$249,937.50.

Shares of Emera Inc (TSE EMA) opened at C$41.37 on Friday. Emera Inc has a 52 week low of C$39.08 and a 52 week high of C$49.48. The stock has a market cap of $9,440.00, a P/E ratio of 15.10 and a beta of -0.01.

Emera (TSE:EMA) last released its quarterly earnings data on Tuesday, November 14th. The company reported C$0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.74 by C($0.19). Emera had a return on equity of 5.43% and a net margin of 6.94%. The business had revenue of C$1.43 billion for the quarter, compared to analysts’ expectations of C$1.55 billion.

Several equities analysts recently commented on EMA shares. BMO Capital Markets dropped their price target on shares of Emera from C$54.00 to C$52.00 in a research report on Tuesday, February 6th. National Bank Financial dropped their price target on shares of Emera from C$45.00 to C$43.00 in a research report on Tuesday. TD Securities dropped their price target on shares of Emera from C$53.00 to C$49.00 and set a “buy” rating for the company in a research report on Tuesday. Raymond James Financial raised shares of Emera from a “market perform” rating to an “outperform” rating in a research report on Friday, February 9th. Finally, Royal Bank of Canada dropped their price target on shares of Emera from C$57.00 to C$50.00 and set an “outperform” rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of C$50.14.

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About Emera

Emera Incorporated is an energy and services company, which invests in electricity generation, transmission and distribution, gas transmission and utility services. The Company operates through six segments: Emera Florida and New Mexico; Nova Scotia Power Inc (NSPI); Emera Maine; Emera Caribbean; Emera Energy, and Corporate and Other.

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