TSE:EMA

Emera Inc (EMA.TO)

71.59
-0.24 (0.33%)
as of Nov 6, 2026, 9:00:00 pm Market Closed.
741 watching
0
HOLD
Issue is if interest rates rise, owning utilities will not be great. Rate-based growth of 5-6%. Nothing wrong with the company. Use it as an income device. Dividend around 5%.
BUY

Assets all over NA. Good opportunities in Florida and from a US renewable capex spend. Great choice if you want low volatility, steady dividend, low beta. If you want more torque, consider Boralex and Northland, at higher valuations, and also AY or AQN. Depends on your goals as an investor.

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.
HOLD

EMA vs. FTS Utility stocks are safe to own in times of fear. Fortis is one of the best managed utilities in Canada, with Emera right behind it. He wouldn't sell if you're holding for income. They'll gradually get back some of the money lost as time goes on.

DON'T BUY
Has a small short on it. It is defensive but it is not cheap for the cashflow it generates. The earnings are 14x EBITA and 1.7x book with 24x price to earning. The yield is healthy at 4.5% but the payout ratio is rising.
HOLD
Good company, hold onto it. Will participate in the energy grid reshaping story in the southern US. Good dividend growth. Yield is 4.5%.
PAST TOP PICK

(A Top Pick Oct 15/19, Up 3%) Similar to FTS. Moving to a larger renewable, regulated base. Steady revenue and dividend growth. Will see steady multiple expansion.

BUY

She likes this. EMA made an acquisition in Florida. The dividend is safe and should grow in the single digits. Utilities are a great space for income investors. She owns peers including AQN.

BUY

Utilities have bounced, but as the market has rallied significantly, a lot of these names have underperformed and that's a good time to buy. Likes it, as well as Fortis, Attco, and BIP.UN. You could buy 3 or 4 and build yourself a little defensive portfolio with income and potential growth. Still upside, good core holdings, won't get you into too much trouble.

TOP PICK
It offers safety with a stable income. Utilities are defensive and it just pulled back so it is a good opportunity. A high quality Canadian business. (Analysts’ price target is $59.81)
BUY
It is defensive in this type of market. The utility market has come off and they are no longer as expensive as before. It is a well run business. Their debt is higher because of recent acquisitions.
BUY
Sell Emera to buy an American utility? There's growth for Emera and all utilities that supply energy to the U.S., because their electricity grid will change, as seen in California's blackouts and the aims of a Democratic presidency. Democrats will order a tax hike across industries, but this will actually benefit utilities, because they can pass that hike on and increase their returns. Also, EMA is Canadian but boosted its American presence by buying Tampa Electric. He prefers Canadian utilities over American in order to benefit from the Canadian tax credit. So, don't sell a Canadian utility to buy an American one. Besides, many Canadian ones have significant American holdings. Stick with Emera, but he prefers another Canadian utility (see top picks).
HOLD

EMA vs. FTS Emera reported pretty good numbers. Both have foreign exposure. Both have growth to them and over 4% yield. Operating risk, but not political risk per se. Both are fine holds.

BUY ON WEAKNESS
A defensive Utility? He sees utility earnings are over valued. For EMA he would be interested at $40 -- not at $52.
PAST TOP PICK
(A Top Pick May 07/19, Up 14%) He still likes it and it is a decent weighting in his portfolios. It hasn't been a huge gainer in the market bounce back, but he likes the stability. They cleaned up the balance sheet on selling a large assets. Earnings expected to grow 5% annually. Yield 4.5%
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