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
Financials 
Technical Analysis 0
HOLD
TOP PICK
It's been his top pick before. EMA just got added to a global MSCI index. They executed on their business plan, divesting assets to avoid diluting shareholders. He expects 4-5% earnings nd dividend growth to come. Yes, boring, but boring is good in this environment. Trades at 18x earnings. (Analysts’ price target is $56.07)
James TelfserOwned
Utilities
TOP PICK
A growth utility in Nova Scotia. It made an acquisition into Florida and in New Mexico. A good dividend grower. A safe haven. Yield 4.19% (Analysts’ price target is $55.86)
Norman LevineOwned
Utilities
HOLD
He owns this. The payout ratio is about 30%, so the dividend appears safe. The company is expected to grow by 2%. Cash flow is negative at the moment. With the dividend, he would hold. Yield 4.37%
Robert McWhirterOwned
Utilities
TOP PICK
Just bought it. Multiple expansion could expend even further as lower interest rates encourage investors to buy predictable revenue streams (6-7% growth) and dividend growth (5%) like EMA. Pays a 5% dividend. 95% of this business is regulated, so there'll be consistent earnings. And they're in the Florida market. Also, ESG investing is picking up, and EMA ranks highly here.
James TelfserOwned
Utilities
WEAK BUY
Likes it. Reasonably constructive on the power names. Decent growth profile. But in the sector, why wouldn't you buy Algonquin with a better growth rate, better multiple. But both are reasonable here.
Utilities
SELL
Their balance sheet is a mystery. What happened in 2017? Was something spun off? $35.69 is his model price, far below current pricing. He doesn't follow EMA. Their earnings relative to balance sheet are way overpriced (and so are their peers). You had a good ride, so sell it now. This has gone too far, too fast, after hitting an all-time high.
Utilities
TOP PICK
A new holding of his. It's a defensive stock. Trading at a reasonable 18x multiple. Several catalysts hitting them at once. Boasts nice 4-5% earnings and 6-7% earnings growth. (Analysts’ price target is $52.07)
James TelfserOwned
Utilities
BUY
Yes. It's taken a backseat to Fortis, but they go back and forth. The problem is EMA makes acquisitions, then pays down debt as they are currently. They have a major construction business in Tampa, so they're investing back in the business. He owns both companies, both good dividend-payers, both good buyers in the States.
Douglas KeeOwned
Utilities
TOP PICK
A utility that will offer less risk in the near term. Dividend payout ratio of 33%. Cash flow growth is increasing. A 5% earnings increase is expected. Yield 5.3% (Analysts’ price target is $46.87)
Robert McWhirterOwned
Utilities
COMMENT
Sell Visa to buy more EMA or buy an American utility? He's struggling with what to do with EMA. They just cut their dividend growth to 3-4%. They continue to do good business in the SE U.S. It's stable and steady. He wouldn't buy more Emera or American utilities. If you want exposure to U.S. utilities, buy ALA instead, which has been beaten up and has a lot of U.S. exposure. Also, consider Canadian banks, the cheapest sector now. Visa: an oligopoly; take some profits; he doesn't have a strong opinion of Visa. 5.25% yield.
Ryan BushellOwned
Utilities
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