Emera (EMA) Stock Price, News & Analysis

Company Overview

Emera Incorporated, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments. It generates electricity through natural gas, solar, hydroelectricity, coal, and biomass power plants. The company is also involved in the purchase, transmission, distribution, and sale of natural gas; and the provision of energy marketing, trading, and other energy asset management services. In addition, it transports re-gasified liquefied natural gas from Saint John, New Brunswick to consumers in the northeastern United States through its 145-kilometer pipeline. As of December 31, 2023, the company's electric utilities served approximately 840,000 customers in West Central Florida; 549,000 customers in Nova Scotia; 134,000 customers in the island of Barbados; 19,000 customers in the Grand Bahama Island; and gas utilities and infrastructure served approximately 490,000 customers across Florida and 540,000 customers in New Mexico. The company was incorporated in 1998 and is headquartered in Halifax, Canada.

Key Stats

• Today's Range: C$53.05 to C$53.54
• 50-Day Range: C$48.81 to C$53.64
• 52-Week Range: C$43.67 to C$53.83
• Volume: 1.78 million shs
• Average Volume: 1.23 million shs
• Market Capitalization: C$15.43 billion
• P/E Ratio: 20.81
• Dividend Yield: 5.42%
• Price Target: C$52.10
• Consensus Rating: Hold

Emera Stock Analysis - MarketRank™

Emera scored higher than 40% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

Emera has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 5 buy ratings, 4 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Emera has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Emera is 20.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.32.

Price to Earnings Ratio vs. Sector

The P/E ratio of Emera is 20.81, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 101.18.

Price to Earnings Growth Ratio

Emera has a PEG Ratio of 2.77. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Emera has a P/B Ratio of 1.39. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for EMA.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Emera is a leading dividend payer. It pays a dividend yield of 5.44%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Emera does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Emera is 112.84%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for EMA.

News and Social Media

• Score: 3.8 / 5
• News Sentiment: 0.78

News Sentiment

Emera has a news sentiment score of 0.78. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.50 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Emera this week, compared to 2 articles on an average week.

Search Interest

10 people have searched for EMA on MarketBeat in the last 30 days. This is an increase of 43% compared to the previous 30 days.

MarketBeat Follows

3 people have added Emera to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Emera insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.08% of the stock of Emera is held by insiders.

Percentage Held by Institutions

Only 28.31% of the stock of Emera is held by institutions.

EMA Stock Analysis - Frequently Asked Questions

How have EMA shares performed this year?

Emera's stock was trading at C$50.30 at the beginning of 2024. Since then, EMA shares have increased by 6.3% and is now trading at C$53.49.
View the best growth stocks for 2024 here.

How were Emera's earnings last quarter?

Emera Incorporated (TSE:EMA) issued its quarterly earnings results on Friday, August, 9th. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.56 by $0.03. The business had revenue of $1.62 billion for the quarter, compared to analysts' expectations of $1.67 billion. Emera had a trailing twelve-month return on equity of 6.60% and a net margin of 10.83%.

How do I buy shares of Emera?

Shares of EMA stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Emera own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Emera investors own include Freehold Royalties (FRU), Bank of Nova Scotia (BNS), Timbercreek Financial (TF), Enbridge (ENB), Royal Bank of Canada (RY), TELUS (T) and BCE (BCE).

Company Calendar

• Last Earnings: 8/09/2024
• Ex-Dividend for 11/14 Dividend: 10/03/2024
• Today: 10/17/2024
• Ex-Dividend for 11/15 Dividend: 11/01/2024
• Next Earnings (Estimated): 11/08/2024
• Dividend Payable: 11/14/2024
• Dividend Payable: 11/15/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Utilities
• Industry: Utilities - Regulated Electric
• Sub-Industry: Utilities
• Current Symbol: TSE:EMA
• CUSIP: N/A
• CIK: N/A
• Web: www.emera.com
• Phone: +1-902-4500507
• Fax: N/A
• Employees: 7,120
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$52.10
• High Stock Price Target: C$60.00
• Low Stock Price Target: C$37.00
• Potential Upside/Downside: -2.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.40
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$2.57
• Trailing P/E Ratio: 20.81
• Forward P/E Ratio: 17.13
• P/E Growth: 2.77
• Net Income: C$725.70 million
• Net Margins: 10.83%
• Pretax Margin: N/A
• Return on Equity: 6.60%
• Return on Assets: 2.30%

Debt

• Debt-to-Equity Ratio: 155.62
• Current Ratio: 0.79
• Quick Ratio: 0.23

Sales & Book Value

• Annual Sales: C$7.35 billion
• Price / Sales: 2.10
• Cash Flow: C$1.97 per share
• Price / Cash Flow: 27.11
• Book Value: C$38.59 per share
• Price / Book: 1.39

Miscellaneous

• Outstanding Shares: 288,400,000
• Free Float: N/A
• Market Cap: C$15.43 billion
• Optionable: Not Optionable
• Beta: 0.35