Emera Inc

(A Top Pick Jan 03/19, Up 35%) He was looking for a nice gain in interest sensitive stocks assuming that the interest rates were going lower. It came through in spades though it hit its peak in October. He's not currently favouring this stock right now.

They are focusing investment down in Florida with solar energy. The dividend could continue to increase. It is good to have some utility exposure and he would consider this to be a hold.

(A Top Pick May 07/19, Up 12%) They've been executing well, though hurricanes effected their last quarter. Looking ahead there will be double-digit returns. He will add if this falls to the low-50s.

(A Top Pick Jan 16/19, Up 27%) They reduced their position, but they did very well. There’s a rotation out of defensive stocks to cyclical stocks.

A great company but very interest rate sensitive. The dividend is safe. There is lots of free cash flow. There is only risk in volatility. He would not add new money. Just buy it on the dips.

(A Top Pick May 07/19, Up 8%) Pulled back, still a good stock. Still likes the utility space, especially Emera.

Given current outlook, holding a utility is a pretty good thing to do. Canadian utilities have a big valulation discount to the US ones. Impacted by hurricanes and higher short-term interest rates. Steady eddy. Yield is 4.56%. (Analysts’ price target is $56.79)

With interest rates being low, the utility space has been a magnet for money. The valuations are not cheap, but the dividend yield still looks attractive to savings rates. They reported earnings as being a little lower due to hurricane Dorian. He continues to hold it. It is not a bargain here though.

He read a report on the technicals -- the sector needs about an 8% pull back. He would buy on a pullback as things are just a little overheated right now. A correction would be healthy.

Definitely add on pullbacks. Sinking interest rates long-term will be a tailwind. Generates stable cash flow and ROE. Emera is involved in Florida which enjoys strong population growth. (Analysts’ price target is $57.14)

It is his recommendation for a utility in a low rate environment. They operate in Nova Scotia, Florida, and some in New Mexico. It has been hitting new highs almost every day. They are benefiting from the search for yield by investors. It is not a bargain stock any longer. You have to be prepared to hold it for a while.

It is a good time to hold. It is a good defensive stock with a good yield. However, the share price has already performed to its ability. He would prefer to buy on a dip. A little expensive to enter here.

The dividend is safe and he owns it.

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)