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Weekly 52-Week Low (or 52-Week High): BAM-T, LB-T, S-T, NSCI-X and More 52-Week Highs and Lows (Nov 27-Dec 03)Most Anticipated Earnings: IAG-T, BDT-T and more Canadian Companies Reporting Earnings this Week (Nov 04-08)Most Anticipated Earnings: MRE-T, PSI-T and more Canadian Companies Reporting Earnings this Week (Aug 05-09).This summary was created by AI, based on 22 opinions in the last 12 months.
Emera Inc. is a geographically diverse energy and services company with a strategic focus on transforming from high carbon to low carbon energy sources. The company primarily invests in regulated electricity generation and distribution and has assets in Canada, the United States, and Caribbean countries. The stock has been seen as defensive and is expected to benefit from lower interest rates, with potential for growth in both its asset base and dividends. However, there are concerns about the impact of recent hurricanes in the U.S. and its high debt load.
There could be a space for utilities in a portfolio, given high dividends above 5% as interest rates decline. They have exposure to Tampa which the hurricane didn't hit badly. EMA is a good income vehicle.
It is well run and lower interest rates will be a catalyst for utility companies, There are issues with parts of the U.S. due to the effects of the recent hurricane which is really the latest in a series of hurricanes.
(Note short timeframe.) Defensive. Will benefit from interest rates coming down. Asset base should grow ~7% a year, dividend by 4-5% a year. Doing what they say they will. Additional asset sales to bring debt down; with interest rates coming down, may not need to sell as much.
Operates in Florida, which has one of the fastest-growing populations.
Near term, lots of $$ coming into utilities partly because of rate cuts. That's fine. Saw generational low interest rates in 2020, and we're going to see rates ratchet slowly higher for next 15-20 years. So inflation and rates are going to be stickier, making bond proxies harder longer term.
So you need to make sure you have dividend growth. Lean toward dividend growth, rather than high dividend but low growth. He'd prefer CPX, a smaller company with better record of dividend growth, technically a lot better.
Lower rates will be favourable to it. Valuation should probably improve over remainder of the year and into 2025. Decent upside for growth, dividend safer than some higher ones. Yield is 5.5%, not excessively high.
Some asset sales. Next asset sale should be a catalyst, as will interest rate cuts. Lower dividend outlook hurt, growth only 1%. Stock rose in July with the rotation and bond yields coming down. He likes power names with price to growth of about 1. This one doesn't, but 5-7% EPS growth plus dividend ~6% gives you that at a lot cheaper than H or FTS.
It is long term infrastructure opportunity. He likes transmission and utilities assets and is in Florida which is a high growth area. The dividend is still growing. In general buy stocks that have growth opportunities over the next decade.
They are good operators as a distribution utility. Lower rates are a tailwind. They are selling an asset later in the year to help pay down debt. Pays a 6 1/2% dividend.
A comparable utility to CPX, but with better growth and price to growth. Cheap. Asset sales by June would be a catalyst to multiple expansion.
Its guidance is 7 to 8% but the stock has come off so there is upside if they deliver on the guidance. Even if they didn't, the downside is limited. It trades at a good price and pays a 6% dividend.
Utilities are out of favour and he owns none now, but he has owned and liked EMA in the past. Yields above 6% which can grow further. Problem is that if rates stay high for longer, shares will decline, though the yield would climb to 7%. He is watching utilities and he will eventually peck away at utilities.
Strong commodity without the problems of other companies in sector. Very stable business that has exposure to interest rates - but continues to execute well.
It has struggled and has more debt than others in the sector. He is expecting them to sell off some of their assets which should help, along with rate cuts. The dividend is safe. It is at a good entry point.
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
In the last year, 15 stock analysts published opinions about EMA-T. 11 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Emera Inc.
Emera Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Emera Inc.
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.
15 stock analysts on Stockchase covered Emera Inc In the last year. It is a trending stock that is worth watching.
On 2024-12-06, Emera Inc (EMA-T) stock closed at a price of $55.88.
Likes it long term, but is enduring issues now.