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TSE:EMA

Emera (EMA) Stock Forecast, Price & News

C$55.97
-0.27 (-0.48%)
(As of 11:33 AM ET)
Compare
Today's Range
C$55.57
▼
C$56.14
50-Day Range
C$53.13
▼
C$59.03
52-Week Range
C$48.63
▼
C$63.76
Volume
86,554 shs
Average Volume
1.32 million shs
Market Capitalization
C$15.19 billion
P/E Ratio
15.77
Dividend Yield
4.93%
Price Target
C$61.00
ProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesSocial Media

Emera MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
8.5% Upside
C$61.00 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.33mentions of Emera in the last 14 days
Based on 3 Articles This Week
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.

1.31 out of 5 stars

See Top Rated MarketRank™ Stocks Here

EMA stock logo

About Emera (TSE:EMA) Stock

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, 2021, the company's electric utilities served approximately 810,600 customers in West Central Florida; 536,000 customers in Nova Scotia; 132,000 customers in the island of Barbados; 19,000 customers in the Grand Bahama Island; and 35,700 customers in the island of Dominica, as well as gas utilities and infrastructure served approximately 445,000 customers across Florida and 542,000 customers in New Mexico. It also provides insurance and reinsurance services to Emera and its affiliates, as well as offers financing services. The company was incorporated in 1998 and is headquartered in Halifax, Canada.

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EMA Stock News Headlines

May 29, 2023 | finance.yahoo.com
Here's Why We Think Emera (TSE:EMA) Might Deserve Your Attention Today
May 27, 2023 | americanbankingnews.com
Emera (TSE:EMA) Price Target Raised to C$60.00
May 31, 2023 | Edge On The Street (Ad)
The Ignored EV Story Few Investors Know About
Lithium may grab all the headlines, but the average electric vehicle requires 146 pounds of the mineral graphite. With no producing graphite mines in North America, the U.S. government is desperate for more domestic sources of the metal to feed the EV battery supply chain.
May 20, 2023 | americanbankingnews.com
Emera Incorporated (TSE:EMA) Receives Consensus Rating of "Moderate Buy" from Analysts
May 20, 2023 | theglobeandmail.com
Closing Bell: Emera Inc Series F Pref flat on Friday (EMA-PR-F)
May 20, 2023 | americanbankingnews.com
Emera (TSE:EMA) Price Target Raised to C$65.00 at TD Securities
May 19, 2023 | americanbankingnews.com
National Bankshares Raises Emera (TSE:EMA) Price Target to C$55.00
May 19, 2023 | americanbankingnews.com
Emera (TSE:EMA) Given New C$62.00 Price Target at Raymond James
May 31, 2023 | Edge On The Street (Ad)
146 Pounds of Graphite Needed for Each EV
Graphite - not lithium - is the largest component of lithium-ion batteries used in electric vehicles. That's why 97 more graphite mines will be needed by 2035 just to keep up with battery demand for the $7 trillion EV market.
May 18, 2023 | theglobeandmail.com
Closing Bell: Emera Inc Pref Ser E flat on Thursday (EMA-PR-E)
May 16, 2023 | investing.com
EMA_ph Technical Analysis
May 13, 2023 | investing.com
Emera Inc Preferred Series L (EMA_pl)
May 13, 2023 | theglobeandmail.com
Closing Bell: Emera Inc Pref Sh Series C flat on Friday (EMA-PR-C)
May 12, 2023 | finance.yahoo.com
Slowing Rates Of Return At Emera (TSE:EMA) Leave Little Room For Excitement
May 10, 2023 | theglobeandmail.com
Closing Bell: Emera Inc flat on Tuesday (EMA-PR-J)
May 2, 2023 | finance.yahoo.com
Emera Issues $500 Million Principal Amount of Senior Unsecured Notes Due May 2, 2030
April 30, 2023 | americanbankingnews.com
Q3 2023 EPS Estimates for Emera Incorporated Boosted by Analyst (TSE:EMA)
April 28, 2023 | americanbankingnews.com
Emera Incorporated Forecasted to Earn Q1 2023 Earnings of $0.96 Per Share (TSE:EMA)
April 27, 2023 | americanbankingnews.com
Emera Incorporated Expected to Post Q1 2023 Earnings of $0.93 Per Share (TSE:EMA)
April 26, 2023 | americanbankingnews.com
Emera Incorporated (TSE:EMA) Announces $0.69 Quarterly Dividend
April 24, 2023 | americanbankingnews.com
CIBC Boosts Emera (TSE:EMA) Price Target to C$58.00
April 23, 2023 | americanbankingnews.com
Emera Incorporated (TSE:EMA) Receives C$60.00 Average PT from Analysts
April 23, 2023 | americanbankingnews.com
Analysts Set Emera Incorporated (TSE:EMA) Target Price at C$60.00
April 19, 2023 | theglobeandmail.com
Closing Bell: Emera Incorporated down on Tuesday (EMA)
April 16, 2023 | ca.finance.yahoo.com
Emera Inc (EMA-PL.TO)
April 12, 2023 | theglobeandmail.com
Closing Bell: Emera Inc Pref Ser E down on Wednesday (EMA-PR-E)
April 12, 2023 | wsj.com
Emera Inc. Cum. Reset. 1st Pfd. Series B Floating Rate
See More Headlines
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EMA Company Calendar

Ex-Dividend for 5/15 Dividend
4/28/2023
Dividend Payable
5/15/2023
Today
5/31/2023
Next Earnings (Estimated)
8/09/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
TSE
Industry
Utilities - Diversified
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
7,523
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$61.00
High Stock Price Forecast
C$68.99
Low Stock Price Forecast
C$55.00
Forecasted Upside/Downside
+8.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
8 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C$3.55
Trailing P/E Ratio
15.84
Forward P/E Ratio
17.75
P/E Growth
3.07
Net Income
C$945.10 million
Net Margins
N/A
Pretax Margin
N/A
Return on Equity
9.35%
Return on Assets
2.91%

Debt

Debt-to-Equity Ratio
167.00
Current Ratio
0.67
Quick Ratio
0.23

Sales & Book Value

Annual Sales
C$7.59 billion
Price / Sales
2.01
Cash Flow
C$2.07 per share
Price / Cash Flow
27.11
Book Value
C$37.06 per share
Price / Book
1.52

Miscellaneous

Outstanding Shares
271,390,000
Free Float
N/A
Market Cap
C$15.26 billion
Optionable
Not Optionable
Beta
0.23

Key Executives

  • Mr. Scott Carlyle Balfour (Age 58)
    CEO, Pres & Director
    Comp: $2.42M
  • Mr. Gregory W. Blunden F.C.A. (Age 57)
    FCPA, Chief Financial Officer
    Comp: $1.16M
  • Mr. Richard C. Janega P.Eng.
    COO of Electric Utilities, Canada & Caribbean and CEO of Emera Newfoundland & Labrador
  • Mr. Bruce A. Marchand
    Chief Risk & Sustainability Officer
  • Ms. Karen E. Hutt
    Exec. VP of Bus. Devel. & Strategy
  • Mr. Scott LaFleur
    Acting Mang., Investor Relations
  • Mr. Michael Barrett B.Com.
    L.L.B., M.B.A., Exec. VP, Legal & Gen. Counsel
  • Ms. Lisa Merrithew
    VP of Communications & Corp. Affairs
  • Mr. R. Michael Roberts
    Chief HR Officer
  • Mr. Daniel P. Muldoon
    Exec. VP of Project Devel. & Operations Support

Key Competitors

View All Competitors













EMA Stock - Frequently Asked Questions

Should I buy or sell Emera stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Emera in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" EMA shares.
View EMA analyst ratings or view top-rated stocks.

What is Emera's stock price forecast for 2023?

8 brokerages have issued 12-month target prices for Emera's shares. Their EMA share price forecasts range from C$55.00 to C$68.99. On average, they predict the company's share price to reach C$61.00 in the next year. This suggests a possible upside of 8.5% 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 at the beginning of the year. Since then, EMA shares have increased by 8.7% and is now trading at C$56.24.
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 Wednesday, August 9th 2023.
View our EMA earnings forecast.

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

Emera declared a quarterly dividend on Friday, April 28th. Investors of record on Monday, May 15th will be given a dividend of 0.69 per share on Monday, May 15th. This represents a $2.76 annualized dividend and a yield of 4.91%. The ex-dividend date is Friday, April 28th.
Read our dividend analysis for EMA.

Is Emera a good dividend stock?

Emera (TSE:EMA) pays an annual dividend of C$2.76 per share and currently has a dividend yield of 4.84%. EMA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 77.75%. Payout ratios above 75% are not desirable because they may not be sustainable.
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).

What is Emera's stock symbol?

Emera trades on the Toronto Stock Exchange (TSX) under the ticker symbol "EMA."

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 is Emera's stock price today?

One share of EMA stock can currently be purchased for approximately C$56.24.

How much money does Emera make?

Emera (TSE:EMA) has a market capitalization of C$15.26 billion and generates C$7.59 billion in revenue each year. The company earns C$945.10 million in net income (profit) each year or C$3.55 on an earnings per share basis.

How many employees does Emera have?

The company employs 7,523 workers across the globe.

How can I contact Emera?

Emera's mailing address is 1223 Lower Water St, HALIFAX, NS B3J 3S8, Canada. The official website for the company is www.emera.com. The company can be reached via phone at +1-902-4500507.

This page (TSE:EMA) was last updated on 5/31/2023 by MarketBeat.com Staff

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