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TSE:EMA

Emera - EMA Stock Forecast, Price & News

C$55.59
+0.42 (+0.76%)
(As of 03/29/2023 12:00 AM ET)
Add
Compare
Today's Range
C$54.96
▼
C$55.83
50-Day Range
C$52.65
▼
C$55.92
52-Week Range
C$48.63
▼
C$65.23
Volume
856,434 shs
Average Volume
1.32 million shs
Market Capitalization
C$15.09 billion
P/E Ratio
16.11
Dividend Yield
4.96%
Price Target
C$60.00

Emera MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
7.9% Upside
C$60.00 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.05mentions of Emera in the last 14 days
Based on 2 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.

1.21 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

March 29, 2023 | americanbankingnews.com
Analysts Set Emera Incorporated (TSE:EMA) PT at C$60.00
February 23, 2023 | finance.yahoo.com
Emera Reports 2022 Fourth Quarter and Annual Financial Results
March 30, 2023 | Stansberry Research (Ad)
The gold catalyst we’ve waited for
If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
February 2, 2023 | finance.yahoo.com
Nova Scotia Power Receives Decision on Rate Settlement Agreement
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
March 30, 2023 | Stansberry Research (Ad)
The gold catalyst we’ve waited for
If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
October 20, 2022 | ca.finance.yahoo.com
Should You Buy Algonquin Power Stock or Emera Stock Now? - Yahoo Canada Finance
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
See More Headlines
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EMA Company Calendar

Ex-Dividend for 2/15 Dividend
1/31/2023
Dividend Payable
2/15/2023
Today
3/30/2023
Next Earnings (Estimated)
5/12/2023
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$60.00
High Stock Price Forecast
C$68.99
Low Stock Price Forecast
C$53.00
Forecasted Upside/Downside
+7.9%
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
16.11
Forward P/E Ratio
17.66
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
1.99
Cash Flow
C$2.05 per share
Price / Cash Flow
27.11
Book Value
C$37.06 per share
Price / Book
1.50

Miscellaneous

Outstanding Shares
271,400,000
Free Float
N/A
Market Cap
C$15.09 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 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 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 brokers have issued 1-year price objectives for Emera's shares. Their EMA share price forecasts range from C$53.00 to C$68.99. On average, they predict the company's share price to reach C$60.00 in the next twelve months. This suggests a possible upside of 7.9% 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 stock has increased by 7.4% and is now trading at C$55.59.
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 declared 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 dividend yield of 4.96%. The ex-dividend date of this dividend 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$55.59.

How much money does Emera make?

Emera (TSE:EMA) has a market capitalization of C$15.09 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 3/30/2023 by MarketBeat.com Staff