TSE:EMA

Emera - EMA Stock Forecast, Price & News

C$53.66

+0.02 (+0.04%)

(As of 03/23/2023 01:26 PM ET)

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Today's Range: C$53.11
▼
C$54.16
50-Day Range: C$52.65
▼
C$55.92
52-Week Range: C$48.63
▼
C$65.23

Volume: 222,866 shs
Average Volume: 1.34 million shs
Market Capitalization: C$14.56 billion

P/E Ratio: 15.55
Dividend Yield: 5.14%
Price Target: C$60.00

Emera MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.56 Rating Score
Upside/Downside: 11.6% Upside
C$60.00 Price Target
Short Interest: N/A
Dividend Strength: Weak
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.

1.68 out of 5 stars

2.3

Analyst's Opinion

Consensus Rating
Emera has received a consensus rating of Buy. The company's average rating score is 2.56, and is based on 5 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$60.00, Emera has a forecasted upside of 11.6% from its current price of C$53.75.
Amount of Analyst Coverage
Emera has only been the subject of 3 research reports in the past 90 days.

N/A

Short Interest

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

1.7

Dividend Strength

Dividend Leadership
Emera is a leading dividend payer. It pays a dividend yield of 5.00%, 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 80.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

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

2.4

News and Social Media Coverage

News Sentiment
Emera has a news sentiment score of 0.33. 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 news sentiment score is similar to the average news sentiment of Utilities companies.
Search Interest
27 people have searched for EMA on MarketBeat in the last 30 days. This is an increase of 238% compared to the previous 30 days.
MarketBeat Follows
7 people have added Emera to their MarketBeat watchlist in the last 30 days. This is an increase 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 0.07% of the stock of Emera is held by insiders.
Percentage Held by Institutions
Only 31.12% 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 15.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.72.
Price to Earnings Ratio vs. Sector
The P/E ratio of Emera is 15.58, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 103.75.
Price to Earnings Growth Ratio
Emera has a PEG Ratio of 3.45. 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 1.45. 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 (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

February 23, 2023 | finance.yahoo.com

Emera Reports 2022 Fourth Quarter and Annual Financial Results

February 2, 2023 | finance.yahoo.com

Nova Scotia Power Receives Decision on Rate Settlement Agreement

March 23, 2023 | Legacy Research (Affiliate) (Ad)

"Prepare for Five Years of Famine"

Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast

January 30, 2023 | finance.yahoo.com

Investors in Emera (TSE:EMA) have made a decent return of 53% over the past five years

January 23, 2023 | finance.yahoo.com

Emera Teleconference on February 23 to Discuss Q4 2022 Results

December 4, 2022 | theglobeandmail.com

Closing Bell: Emera Incorporated down on Friday (EMA)

November 16, 2022 | finance.yahoo.com

Emera Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags

October 20, 2022 | ca.finance.yahoo.com

Should You Buy Algonquin Power Stock or Emera Stock Now? - Yahoo Canada Finance

March 23, 2023 | Stansberry Research (Ad)

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October 19, 2022 | bloomberg.com

Emera Falls as Nova Scotia Moves to Limit Electricity Rate Hikes - Bloomberg

October 19, 2022 | ca.finance.yahoo.com

3 Canadian Dividend Stocks You’ll Regret Not Buying on the Dip - Yahoo Canada Finance

October 19, 2022 | fool.ca

Should You Buy Algonquin Power Stock or Emera Stock Now? - The Motley Fool Canada

October 19, 2022 | businesswire.com

Emera Inc. and Nova Scotia Power Respond to Government of Nova Scotia Electricity Rate Legislation - Business Wire

October 19, 2022 | finance.yahoo.com

IIROC Trading Halt - EMA

October 19, 2022 | finance.yahoo.com

IIROC Trade Resumption - EMA

October 11, 2022 | fool.ca

Rising Recession Fears: Smart TSX Stocks to Buy Right Now - The Motley Fool Canada

October 11, 2022 | seekingalpha.com

Emera Incorporated raises dividend by 4% to CAD 0.69 (TSX:EMA:CA) - Seeking Alpha

October 11, 2022 | finance.yahoo.com

Emera Teleconference on November 11 to Discuss Q3 2022 Results

October 6, 2022 | baystreet.ca

Stocks Bruised - Baystreet.ca

October 3, 2022 | businesswire.com

Emera, Nova Scotia Power and United Way launch Hurricane Relief Fund - Business Wire

September 30, 2022 | reuters.com

About 233000 still without power in Puerto Rico days after Fiona - Reuters

September 29, 2022 | fool.ca

Compound Interest: 3 Dividend Stocks That Can Make You Rich - The Motley Fool Canada

September 29, 2022 | barrons.com

Hurricane Ian Heads for Florida, Flights Canceled, Disney Closed - Barron's

September 29, 2022 | reuters.com

About 239000 still without power in Puerto Rico days after Fiona - Reuters

September 28, 2022 | reuters.com

Some 349000 still without power in Puerto Rico after Fiona - Reuters

September 28, 2022 | barrons.com

Hurricane Ian Is Headed for Florida. Here Are The Stocks to Watch. - Barron's

September 27, 2022 | wsj.com

Florida Utilities Brace for Power Outages From Hurricane Ian - The Wall Street Journal

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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EMA Company Calendar

Ex-Dividend for 2/15 Dividend: 1/31/2023
Dividend Payable: 2/15/2023
Today: 3/23/2023
Next Earnings (Estimated): 5/12/2023

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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$60.00
High Stock Price Forecast: C$68.99
Low Stock Price Forecast: C$53.00
Forecasted Upside/Downside: +11.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.56
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$3.45
Trailing P/E Ratio: 15.54
Forward P/E Ratio: 17.03
P/E Growth: 3.45
Net Income: C$945.10 million
Net Margins: 13.28%
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: 1.92
Cash Flow: C$1.98 per share
Price / Cash Flow: 27.11
Book Value: C$37.06 per share
Price / Book: 1.45

Miscellaneous

Outstanding Shares: 271,400,000
Free Float: N/A
Market Cap: C$14.55 billion
Optionable: Not Optionable
Beta: 0.24

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?: 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Emera in the last year. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research 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?: 9 brokerages have issued 1-year price targets for Emera's shares. Their EMA share price forecasts range from C$53.00 to C$68.99. On average, they anticipate the company's stock price to reach C$60.00 in the next twelve months. This suggests a possible upside of 11.2% 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 increased by 4.3% and is now trading at C$53.97.
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 Friday, May 12th 2023.
View our EMA earnings forecast.
How often does Emera pay dividends? What is the dividend yield for Emera?: Emera announced a quarterly dividend on Tuesday, January 31st. Shareholders of record on Wednesday, February 15th will be paid a dividend of 0.69 per share on Wednesday, February 15th. This represents a $2.76 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date is Tuesday, January 31st.
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 5.00%. EMA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 80.00%. 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$53.97.
How much money does Emera make?: Emera (TSE:EMA) has a market capitalization of C$14.65 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$3.45 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 3/23/2023 by MarketBeat.com Staff

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Emera - EMA Stock Forecast, Price & News

Emera MarketRank™ Forecast

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

News Sentiment

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Emera (TSE:EMA) Stock

EMA Stock News Headlines

EMA Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

EMA Stock - Frequently Asked Questions

Overall MarketRank^™