TSE:EMA
Emera Inc (EMA.TO)
67.81
+0.16 (0.24%)
as of Sep 29, 2026, 5:12:33 pm Market Open.
735 watching
Financials 
Technical Analysis 0
BUY
Allan Tong’s Discover Picks Rising rates will add to their debt service costs, though all utilities carry a lot of debt. Emera’s debt-to-capital of 61%. is in-line with the sector. The company can charge more to their customers. Over the past year, EMA has gradually climbed from $55 to $64 a share and given a little back in late April and May. However, its PE stands at nearly 27x, slightly lower than 2021’s 34.93x but far more than 15.5x in 2020. Read 3 dividend stocks to fight inflation for our full analysis.
Stockchase DiscoverOwned
Utilities
BUY
The dividend is the attraction here. They have a track record of raising that. They have a leveraged balance sheet, like utilities do, so rising rates will raise their debt service costs. but inflation will allow Emera to charge more to customers. There's usually a lag between inflation and rate increases, though. The dividend is solid. A good stock for an RRSP.
Utilities
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Premium contentPAST TOP PICK
Premium contentPAST TOP PICK
HOLD
EMA vs. CU Both are good and highly regulated. EMA is on the east coast, whereas CU is on the west. EMA is like a FTS-light. See his Top Picks for suggestions that are more attractively priced with more capital upside.
Ryan BushellOwned
Utilities
PAST TOP PICK
(A Top Pick Aug 28/20, Up 16%) A good return for a utility. A core part of the portfolio. Electricity demand will double and triple so must have exposure to a company like this.
Bill Harris, CFAOwned
Utilities
COMMENT
Now an international operator with their acquisition in Florida. Diversified into natural gas in New Mexico too. A growth international utility. Ultimately, it trades as a utility. Interest rate sensitive. Interest rates going up will limit your upside.
Norman LevineOwned
Utilities
BUY
EMA-T vs. FTS-T. Both companies distribute electricity. He has more FTS-T than EMA-T. You are looking at the growth in the size of the pie as well as the configuration. Both get paid a regulated rate of return. FTS-T has a little more exposure than EMA-T. Both stocks have bounced off the bottom this year. You are going to get dividend growth come to both of these. They are both a very long term hold.
Ryan BushellOwned
Utilities
BUY
The utilities have come off recently on the prospects of higher interest rates. They keep growing their dividend, now over 4%. Power demanding will grow in the next five years, and utilities will benefit. They are paid on a regulated basis at set rates. Utilities look very good and are set up to ride this energy increase.
Utilities
Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly EMA is an electric generation and transmission company, operating in east coast of Canada, with customers along the US seaboard and New Mexico. Trading at 13x earnings, it is good value compared to its Utility peers at 34x. It pays an excellent dividend, backed by a manageable payout ratio of 65% of cash flow. We would trade this with a stop loss at $45, looking to achieve $62 -- upside potential of over 18%. Yield 4.98% (Analysts’ price target is $61.20)
COMMENT
All dividend stocks should continue to benefit from low interest rates. If we see the economic recovery that might come next year, you could see increased demand for stocks like this. If they can't get yields from GICs, people will look to dividend stocks. He can't say specifically if this particular stock will continue to rise.
Utilities
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