Should I buy or sell Emera stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Emera in the last twelve months. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" EMA shares. View EMA analyst ratings or view top-rated stocks .

What is Emera's stock price target for 2024?

8 brokerages have issued 1 year price targets for Emera's stock. Their EMA share price targets range from C$51.00 to C$62.00. On average, they anticipate the company's stock price to reach C$57.33 in the next year. This suggests a possible upside of 16.8% from the stock's current price. View analysts price targets for EMA or view top-rated stocks among Wall Street analysts .

How have EMA shares performed in 2023?

Emera's stock was trading at C$51.75 on January 1st, 2023. Since then, EMA shares have decreased by 5.1% and is now trading at C$49.10. View the best growth stocks for 2023 here .

When is Emera's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024. View our EMA earnings forecast .

How were Emera's earnings last quarter?

Emera Incorporated (TSE:EMA) announced its earnings results on Friday, November, 10th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.03. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.97 billion. Emera had a trailing twelve-month return on equity of 10.79% and a net margin of 15.55%.

How often does Emera pay dividends? What is the dividend yield for Emera?

Emera declared a quarterly dividend on Tuesday, October 31st. Shareholders of record on Wednesday, November 15th will be given a dividend of 0.717 per share on Wednesday, November 15th. This represents a $2.87 annualized dividend and a dividend yield of 5.84%. The ex-dividend date is Tuesday, October 31st. This is a positive change from the stock's previous quarterly dividend of C$0.69. Read our dividend analysis for EMA .

Is Emera a good dividend stock?

Emera (TSE:EMA) pays an annual dividend of C$2.87 per share and currently has a dividend yield of 5.94%. EMA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 66.13%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for EMA .

What other stocks do shareholders of Emera own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Emera investors own include Freehold Royalties (FRU) , Bank of Nova Scotia (BNS) , Timbercreek Financial (TF) , Pembina Pipeline (PPL) , Canoe EIT Income Fund (ENDTF) , Enbridge (ENB) , Royal Bank of Canada (RY) , Bank of Nova Scotia (BNS) , Fortis (FTS) and Toronto-Dominion Bank (TD) .

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 .

Emera Stock Price, News & Analysis (TSE:EMA)

C$49.10

-0.38 (-0.77%)

(As of 12/8/2023 ET)

Compare

Today's Range: C$48.87
▼
C$49.75
50-Day Range: C$44.30
▼
C$49.48
52-Week Range: C$43.67
▼
C$59.52

Volume: 647,640 shs
Average Volume: 1.21 million shs
Market Capitalization: C$13.47 billion

P/E Ratio: 11.31
Dividend Yield: 5.85%
Price Target: C$57.33

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines

Emera MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 16.8% Upside
C$57.33 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.91 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
Emera has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$57.33, Emera has a forecasted upside of 16.8% from its current price of C$49.10.
Amount of Analyst Coverage
Emera has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for EMA.

2.5

Dividend Strength

Dividend Leadership
Emera is a leading dividend payer. It pays a dividend yield of 5.94%, 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 66.13%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for EMA.

0.6

News and Social Media Coverage

Search Interest
6 people have searched for EMA on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Emera to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

0.0

Company Ownership

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 0.06% of the stock of Emera is held by insiders.
Percentage Held by Institutions
Only 29.22% of the stock of Emera is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Emera is 11.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 108.05.
Price to Earnings Ratio vs. Sector
The P/E ratio of Emera is 11.31, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 101.24.
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 1.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Emera Stock (TSE:EMA)

Emera Incorporated, an energy and services company, 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 coal-fired, natural gas and/or oil, hydro, wind, solar, petroleum coke, and biomass-fueled 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, 2022, the company's electric utilities served approximately 827,000 customers in West Central Florida; 541,000 customers in Nova Scotia; 133,000 customers in the island of Barbados; 19,000 customers in the Grand Bahama Island; and gas utilities and infrastructure served approximately 468,000 customers across Florida and 545,000 customers in New Mexico. The company was incorporated in 1998 and is headquartered in Halifax, Canada.

EMA Stock Price History

30 days | 90 days | 365 days | Advanced Chart

EMA Stock News Headlines

December 1, 2023 | americanbankingnews.com

Emera Incorporated (TSE:EMA) Receives Consensus Recommendation of "Moderate Buy" from Analysts

November 23, 2023 | finance.yahoo.com

Are Investors Undervaluing Emera Incorporated (TSE:EMA) By 34%?

December 10, 2023 | DTI Trader (Ad)

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November 10, 2023 | finance.yahoo.com

Emera Reports 2023 Third Quarter Financial Results and $8.9 billion Three Year Capital Outlook

November 7, 2023 | investing.com

Emera Srs C Cum Rr Prf (EMA_pc)

November 6, 2023 | theglobeandmail.com

Closing Bell: Emera Inc Pref Sh Series B flat on Thursday (EMA-PR-B)

November 6, 2023 | investing.com

EMA_pj Historical Data

November 2, 2023 | wsj.com

Emera Inc. Pfd. Series C

December 10, 2023 | DTI Trader (Ad)

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November 1, 2023 | msn.com

Emera: 6.2% Yielding Utility Deserves An Upgrade

October 30, 2023 | finance.yahoo.com

Emera (TSE:EMA) Is Looking To Continue Growing Its Returns On Capital

October 26, 2023 | finance.yahoo.com

Emera Incorporated (EMA-PF.TO)

October 14, 2023 | finance.yahoo.com

Emera (TSE:EMA) Will Pay A Larger Dividend Than Last Year At CA$0.7175

October 6, 2023 | theglobeandmail.com

Closing Bell: Emera Inc Series A Pref flat on Friday (EMA-PR-A)

October 4, 2023 | theglobeandmail.com

Closing Bell: Emera Inc Pref Sh Series C down on Tuesday (EMA-PR-C)

October 3, 2023 | theglobeandmail.com

Closing Bell: Emera Inc flat on Monday (EMA-PR-J)

September 29, 2023 | theglobeandmail.com

Closing Bell: Emera Inc Pref Ser E up on Friday (EMA-PR-E)

September 22, 2023 | finance.yahoo.com

Emera Cautions Investors Regarding TRC Capital’s Below-Market "Mini-Tender" Offer

September 9, 2023 | theglobeandmail.com

Closing Bell: Emera Inc Pref Sh Series C down on Friday (EMA-PR-C)

September 7, 2023 | theglobeandmail.com

Closing Bell: Emera Inc Series A Pref flat on Tuesday (EMA-PR-A)

September 3, 2023 | theglobeandmail.com

Closing Bell: Emera Inc Series A Pref flat on Thursday (EMA-PR-A)

September 3, 2023 | investing.com

Emera Inc Pref E (EMA_pe)

August 28, 2023 | finance.yahoo.com

Is Emera Incorporated (TSE:EMA) A High Quality Stock To Own?

August 25, 2023 | theglobeandmail.com

Closing Bell: Emera Incorporated down on Thursday (EMA)

August 24, 2023 | theglobeandmail.com

Closing Bell: Emera Inc Pref Sh Series B up on Wednesday (EMA-PR-B)

August 22, 2023 | theglobeandmail.com

Closing Bell: Emera Inc down on Monday (EMA-PR-J)

August 17, 2023 | msn.com

3 Top TSX Stocks I’d Hold Forever

See More Headlines

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Company Calendar

Ex-Dividend for 11/15 Dividend: 10/31/2023
Last Earnings: 11/10/2023
Dividend Payable: 11/15/2023
Today: 12/09/2023
Next Earnings (Estimated): 2/22/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Utilities - Regulated Electric
Sub-Industry: N/A
Sector: Utilities
Current Symbol: TSE:EMA
CUSIP: N/A
CIK: N/A
Web: www.emera.com
Phone: +1-902-4500507
Fax: N/A
Employees: 7,122
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$57.33
High Stock Price Target: C$62.00
Low Stock Price Target: C$51.00
Potential Upside/Downside: +16.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$4.34
Trailing P/E Ratio: 11.31
Forward P/E Ratio: 14.75
P/E Growth: 2.77
Net Income: C$1.17 billion
Net Margins: 15.55%
Pretax Margin: N/A
Return on Equity: 10.79%
Return on Assets: 3.34%

Debt

Debt-to-Equity Ratio: 166.20
Current Ratio: 0.57
Quick Ratio: 0.23

Sales & Book Value

Annual Sales: C$7.95 billion
Price / Sales: 1.69
Cash Flow: C$1.81 per share
Price / Cash Flow: 27.11
Book Value: C$37.72 per share
Price / Book: 1.30

Miscellaneous

Outstanding Shares: 274,400,000
Free Float: N/A
Market Cap: C$13.47 billion
Optionable: Not Optionable
Beta: 0.29

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Key Executives

Mr. Scott Carlyle Balfour (Age 59)
CEO, President & Director
Comp: $2.22M
Mr. Gregory W. Blunden F.C.A. (Age 58)
FCPA, Chief Financial Officer
Comp: $1.1M
Mr. Bruce A. Marchand
Chief Risk & Sustainability Officer
Ms. Karen E. Hutt
Executive Vice President of Business Development & Strategy
Mr. Dave Bezanson
Vice President of Investor Relations & Pensions
Mr. Michael R. Barrett B.Com.
L.L.B., M.B.A., Executive VP, Legal & General Counsel
Ms. Lisa Merrithew
Vice President of Communications & Corporate Affairs
Mr. R. Michael Roberts
Chief Human Resources Officer
Mr. Daniel P. Muldoon
Executive Vice President of Project Development & Operations Support
Mr. Scott Hastings
Senior Director of Capital Markets

Key Competitors

View All Competitors

EMA Stock Analysis - Frequently Asked Questions

Should I buy or sell Emera stock right now?: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Emera in the last twelve months. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" EMA shares.
View EMA analyst ratings or view top-rated stocks.
What is Emera's stock price target for 2024?: 8 brokerages have issued 1 year price targets for Emera's stock. Their EMA share price targets range from C$51.00 to C$62.00. On average, they anticipate the company's stock price to reach C$57.33 in the next year. This suggests a possible upside of 16.8% from the stock's current price.
View analysts price targets for EMA or view top-rated stocks among Wall Street analysts.
How have EMA shares performed in 2023?: Emera's stock was trading at C$51.75 on January 1st, 2023. Since then, EMA shares have decreased by 5.1% and is now trading at C$49.10.
View the best growth stocks for 2023 here.
When is Emera's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our EMA earnings forecast.
How were Emera's earnings last quarter?: Emera Incorporated (TSE:EMA) announced its earnings results on Friday, November, 10th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.03. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.97 billion. Emera had a trailing twelve-month return on equity of 10.79% and a net margin of 15.55%.

How often does Emera pay dividends? What is the dividend yield for Emera?: Emera declared a quarterly dividend on Tuesday, October 31st. Shareholders of record on Wednesday, November 15th will be given a dividend of 0.717 per share on Wednesday, November 15th. This represents a $2.87 annualized dividend and a dividend yield of 5.84%. The ex-dividend date is Tuesday, October 31st. This is a positive change from the stock's previous quarterly dividend of C$0.69.
Read our dividend analysis for EMA.
Is Emera a good dividend stock?: Emera (TSE:EMA) pays an annual dividend of C$2.87 per share and currently has a dividend yield of 5.94%. EMA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 66.13%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for EMA.
What other stocks do shareholders of Emera own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Emera investors own include Freehold Royalties (FRU), Bank of Nova Scotia (BNS), Timbercreek Financial (TF), Pembina Pipeline (PPL), Canoe EIT Income Fund (ENDTF), Enbridge (ENB), Royal Bank of Canada (RY), Bank of Nova Scotia (BNS), Fortis (FTS) and Toronto-Dominion Bank (TD).
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.

This page (TSE:EMA) was last updated on 12/10/2023 by MarketBeat.com Staff

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Emera Stock Price, News & Analysis (TSE:EMA)

Emera MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Emera Stock (TSE:EMA)

EMA Stock Price History

EMA Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

EMA Stock Analysis - Frequently Asked Questions

Overall MarketRank^™