emera
Emera Inc. is a publicly traded Canadian multinational energy holding company based in Halifax, Nova Scotia.
Founded in 1998 during the privatization of Nova Scotia Power, Emera now invests in regulated electricity generation, transmission, and distribution across North America and the Caribbean. The company operates through various subsidiaries, including Florida Electric Utility and Canadian Electric Utilities, and is committed to delivering reliable, affordable, safe, and sustainable energy to approximately 2.5 million customers. Emera is also focused on operational excellence and strategic investments in high-potential markets, aiming to meet the evolving needs of the energy sector.
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EMERA INC. $73 is a buy. The company (Toronto symbol EMA; Income Portfolio, Utilities sector; Shares outstanding: 295.9 million; Market cap: $21.6 billion; Price-to-sales ratio: 2.5; Dividend yield: 4.0%; TSINetwork Rating: Average; www.emera.com) owns 100% of Nova Scotia Power, that province’s main electricity supplier. It also holds 100% of Teco Energy, which supplies electricity and natural gas to 1.3 million customers in Tampa Bay, Florida. This business accounts for 70% of its earnings. Emera’s other interests include power plants and natural gas pipelines in Canada, the U.S. and the Caribbean.
These two utilities continue to invest in new projects, and the extra cash flow from those assets will let them keep raising your dividend. Moreover, each gets most of its revenue from regulated projects, which cuts your risk.
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Emera recently scaled back its annual dividend increases as it allocates more of its cash to new growth projects. While that may hurt its appeal with income-seeking investors, the company’s new assets set it up for many more years of growth.
EMERA INC....
EMERA INC....
EMERA INC. $61 is a buy. The company (Toronto symbol EMA; Income Portfolio, Utilities sector; Shares outstanding: 295.9 million; Market cap: $18.0 billion; Price-to-sales ratio: 2.5; Dividend yield: 4.8%; TSINetwork Rating: Average; www.emera.com) owns Nova Scotia Power, that province’s main electricity supplier, as well as Teco Energy, which supplies electricity and natural gas in Tampa Bay, Florida....
Utility stocks like Fortis (see page 31) remain solid choices for investors looking to lower tariff-related risk.
Here are three more utilities that we feel are excellent choices for most portfolios. All of them are expanding their rate-regulated businesses, which will help them profit from increasing demand for electricity to power EVs and AI datacentres....
Here are three more utilities that we feel are excellent choices for most portfolios. All of them are expanding their rate-regulated businesses, which will help them profit from increasing demand for electricity to power EVs and AI datacentres....
EMERA INC. $52 is a buy. The company (Toronto symbol EMA; Income Portfolio, Utilities sector; Shares outstanding: 292.9 million; Market cap: $15.2 billion; Price-to-sales ratio: 2.0; Dividend yield: 5.6%; TSINetwork Rating: Average; www.emera.com) owns 100% of Nova Scotia Power, that province’s main electricity supplier....