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Emera Inc (EMA-T)
575 watching
TSE:EMA
53.62
0.37
(0.69%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
Jan 27, 2023, 9:00 pm
0
PAST TOP PICK
(A Top Pick Aug 31/22, Down 10%) All utilities have pulled back since mid-2022. Emera has exposure to Florida, which suffered outages due to strong weather. Don't hold this now. Utilities are weak in the first months of a year.
mngmnt / diversified
$53.920
No
COMMENT
A great company. Interest rates have climbed a lot, but will slow and stay around 5%. So, utilities will have a tougher go. Good company as is Fortis and Hydro One, but the big question is do you want exposure to utilities. EMA's dividend is safe, but a caveat is a cap on rates by governments which would limit upside.
mngmnt / diversified
BUY on WEAKNESS
The Nova Scotia rate settlement looks better than feared. If regulators approve it, he'll boost EMA's ROE assumptions. Even without approval, this stock looks reasonable at 16x 2023 earnings, 5.5% EPS growth and a nice 5.3% dividend. You don't have to buy today, but wait for a pullback. Overall, it's attractive vs. the market.
mngmnt / diversified
BUY
He likes utilities in this time of aggressive rate hikes. Utilities (and REITs) offer safety and defence heading into 2023. A long-term hold.
mngmnt / diversified
DON'T BUY
Utilities tend to do well prior to economic weakness. Not performing well. Over the next 2 years, don't put a lot into utilities, won't outperform as the macro improves. Regulatory risk will affect margins. Rising rates make the static dividend less attractive. Yield is 5.4%.
mngmnt / diversified
WEAK BUY
Not entirely in renewables. See his Top Picks. Reasonably valued, 1.5x price to book. History of pretty consistent dividend increases, expects that to continue. Bit sensitive to interest rates. Wouldn't begrudge anyone buying it. Not concerned about Nova Scotia tax increase. Yield is 5.5%.
mngmnt / diversified
PAST TOP PICK
(A Top Pick Feb 25/21, Up 15.1%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with EMA has triggered its stop at $58. To remain disciplined, we recommend covering the position at this time. This will result in a net investment gain of 19%, when combined with the previous recommendation to cover half the position.
mngmnt / diversified
TOP PICK
Seasonality is September 13 - October 27. Utility sector has done extremely well in 2022. Over 95% regulated contracts. Sometimes boring is good. Should continue to perform well relative to the market, especially if we see more volatility in September and October. Yield is 4.35%. (Analysts’ price target is $65.00)
mngmnt / diversified
WEAK BUY
50% of revenues come from Florida. Growth profile is fairly solid. Very defensive, which he likes right now. He prefers AQN, with a more diversified footprint. Also BIP.UN, with diversification, global platform, and more attractive valuation. But nothing wrong with this name.
mngmnt / diversified
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.
mngmnt / diversified
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.
mngmnt / diversified
PAST TOP PICK
(A Top Pick Feb 25/21, Up 23%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with EMA is progressing well and has achieved our $62 objective. To remain disciplined, we recommend covering half the position and trailing up the stop (from $52) to $58.
mngmnt / diversified
PAST TOP PICK
(A Top Pick Feb 25/21, Up 17.9%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with EMA is progressing well. We recommend trailing up the stop (from $45) to $52 at this time.
mngmnt / diversified
COMMENT
Has irreplaceable assets with electrification and there will be growing demand. Has to be bullish on companies that are supplying it. Has ambitious plans and they will raise stock. This is part of the game, however.
mngmnt / diversified
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.
mngmnt / diversified
Emera Inc(EMA-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 8
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 9
Emera Inc(EMA-T) Frequently Asked Questions
What is Emera Inc stock symbol?
Emera Inc is a Canadian stock, trading under the symbol EMA-T on the Toronto Stock Exchange (EMA-CT). It is usually referred to as TSX:EMA or EMA-T
Is Emera Inc a buy or a sell?
In the last year, 9 stock analysts published opinions about EMA-T. 8 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Emera Inc.
Is Emera Inc a good investment or a top pick?
Emera Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Emera Inc.
Why is Emera Inc stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Emera Inc worth watching?
9 stock analysts on Stockchase covered Emera Inc In the last year. It is a trending stock that is worth watching.
What is Emera Inc stock price?
On 2023-01-27, Emera Inc (EMA-T) stock closed at a price of $53.62.
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