
TSE:EMA
This summary was created by AI, based on 9 opinions in the last 12 months.
Emera Inc (EMA-T) is recognized for its reliable service delivery, particularly in regions like Florida and Nova Scotia. Experts acknowledge the company’s steady growth, with a strong emphasis on dividend yield, though they anticipate a slower growth pace compared to recent highs. There are positive signs in Florida due to population growth and regulatory support, as well as potential in Nova Scotia from the unfreezing of rates. While some analysts express concerns about historical leverage and payouts, many highlight that the current financials appear stable. Overall, most agree that the company's diversified operations position it well for future growth, despite its current valuation being somewhat stretched compared to historical norms.
EMA will experience lower earnings this year, with a recovery in 2024. Growth is relatively low, but this is common for the industry. The Q1 was fine and exceeded expectations. We see nothing overly wrong with the company. Payout ratio is about 73%, so there is not huge room for dividend increases, but this may change next year. We think it is mostly a sector and higher-interest-rates rate problem. The stock is up 4% this year, more or les inline with the TSX's return.
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