Stockchase Opinions

Lorne Steinberg Emera Inc EMA-T BUY Mar 06, 2025

Very stable business that will hold up better in the face of tariffs. Canadian utility-type business. Slow but steady dividend growth. Not cheap, but dividends will be rock-solid and even more attractive with yields low in Canada.

$58.320

Stock price when the opinion was issued

Utilities
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Unspecified

It is well run and lower interest rates will be a catalyst for utility companies, There are issues with parts of the U.S. due to the effects of the recent hurricane which is really the latest in a series of hurricanes.

BUY

There could be a space for utilities in a portfolio, given high dividends above 5% as interest rates decline. They have exposure to Tampa which the hurricane didn't hit badly. EMA is a good income vehicle.

HOLD

Likes it long term, but is enduring issues now. 

premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Nov 07/23, Up 13.1%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with EMA is progressing well.  To remain disciplined, we recommend trailing up the stop (from $46) to $51 at this time.  

PAST TOP PICK
(A Top Pick Feb 05/24, Up 17%)

Utilities are her largest sector weight. Defensive, regulated earnings. Secular trend as we transition off fossil fuels. Long-term growth opportunities. Biggest asset is in Florida, a good jurisdiction. Stock came off due to hurricanes. Yield is 5.5%, grows at a small rate.

BUY
Bought it for the higher yield instead of FTS.

Bumps along the road, but the price has appreciated. Utilities are always levered, so as rates go up, there's more interest expense on the balance sheet and less profit hits the bottom line. Rates coming down have helped EMA's profit. Over time, expectation is that it will be the better choice. Yield is north of 5%.

premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Nov 07/23, Up 17.6%)Stockchase Research Editor: Michael O’Reilly

Our PAST TOP PICK with EMA has achieved its target at $57.  To remain disciplined, we recommend covering half the position at this time and maintaining the stop at $51.  

HOLD

Volatility in last month has been great for all the utilities. Not a lot of growth, only ~7%. He looks for a bit more growth. Great place to shelter for defensive positioning, plus 4.9% yield.

PAST TOP PICK
(A Top Pick Feb 05/24, Up 34%)

A boring, stable utility. Pretty much discarded last year with people chasing the AI trend. Big move since January with the flight to safety. Outlook was upgraded from Negative to Stable. Good job reducing leverage. Florida just approved storm reparation costs from 2 hurricanes in 2024.