Insider Buying: Emera Inc (TSE:EMA) Director Acquires 2,000 Shares of Stock

Emera Inc (TSE:EMA) Director Christopher Huskilson bought 2,000 shares of Emera stock in a transaction on Wednesday, March 14th. The stock was acquired at an average cost of C$40.76 per share, for a total transaction of C$81,520.00.

Christopher Huskilson also recently made the following trade(s):

  • On Friday, March 16th, Christopher Huskilson purchased 10,000 shares of Emera stock. The stock was purchased at an average price of C$40.20 per share, with a total value of C$402,000.00.
  • On Monday, March 12th, Christopher Huskilson purchased 12,000 shares of Emera stock. The stock was purchased at an average price of C$41.17 per share, with a total value of C$494,040.00.
  • On Friday, March 9th, Christopher Huskilson purchased 2,000 shares of Emera stock. The stock was purchased at an average price of C$40.86 per share, with a total value of C$81,720.00.
  • On Friday, March 2nd, Christopher Huskilson purchased 2,000 shares of Emera stock. The stock was purchased at an average price of C$41.40 per share, with a total value of C$82,800.00.
  • On Wednesday, February 28th, Christopher Huskilson bought 4,000 shares of Emera stock. The shares were bought at an average cost of C$41.61 per share, with a total value of C$166,440.00.
  • On Monday, February 26th, Christopher Huskilson bought 2,000 shares of Emera stock. The shares were bought at an average cost of C$42.04 per share, with a total value of C$84,080.00.
  • On Thursday, February 22nd, Christopher Huskilson bought 2,000 shares of Emera stock. The shares were bought at an average cost of C$41.17 per share, with a total value of C$82,340.00.
  • On Tuesday, February 20th, Christopher Huskilson bought 6,000 shares of Emera stock. The shares were bought at an average cost of C$41.31 per share, with a total value of C$247,860.00.

Shares of EMA stock traded down C$0.39 during mid-day trading on Friday, hitting C$41.21. The company’s stock had a trading volume of 392,975 shares, compared to its average volume of 777,611. Emera Inc has a 52 week low of C$39.08 and a 52 week high of C$49.48.

Emera (TSE:EMA) last posted its quarterly earnings data on Friday, February 9th. The company reported C$0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.68 by C($0.04). The business had revenue of C$1.47 billion during the quarter, compared to the consensus estimate of C$1.52 billion. Emera had a return on equity of 5.85% and a net margin of 5.77%.

Several brokerages recently issued reports on EMA. Scotiabank lowered their target price on Emera from C$50.00 to C$48.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 13th. TD Securities lowered their target price on Emera from C$53.00 to C$49.00 and set a “buy” rating for the company in a research report on Tuesday, February 13th. National Bank Financial lowered their target price on Emera from C$45.00 to C$43.00 in a research report on Tuesday, February 13th. Royal Bank of Canada lowered their price objective on Emera from C$57.00 to C$50.00 and set an “outperform” rating for the company in a research report on Tuesday, February 13th. Finally, BMO Capital Markets lowered their price objective on Emera from C$52.00 to C$51.00 and set an “outperform” rating for the company in a research report on Monday, February 12th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$50.14.

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About Emera

Emera Incorporated, an energy and services company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company is also involved in gas transmission and utility energy services businesses; and the provision of energy marketing, trading, and other energy asset management services.

Insider Buying and Selling by Quarter for Emera (TSE:EMA)

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