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’s shares hit an all-time high just before the onset of the COVID-19 pandemic and the stock market downturn in March 2020. We feel the stock will regain that peak and move even higher.
That’s partly because the power generator is replacing its coal-fired plants with cleaner-burning natural gas, hydro power and solar....
That’s partly because the power generator is replacing its coal-fired plants with cleaner-burning natural gas, hydro power and solar....
LINAMAR CORP. $72 remains a buy. The company (Toronto symbol LNR; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 65.4 million; Market cap: $4.7 billion; Price-to-sales ratio: 0.8; Dividend yield: 0.7%; TSINetwork Rating: Average; www.linamar.com) makes a variety of automotive parts, including cylinder heads and cylinder blocks....
EMERA INC. $54 is a buy. The company (Toronto symbol EMA; Income Portfolio, Utilities sector; Shares outstanding: 249.4 million; Market cap: $13.5 billion; Price-to-sales ratio: 2.4; Dividend yield: 4.7%; TSINetwork Rating: Average; www.emera.com) owns 100% of Nova Scotia Power, that province’s main electricity supplier....
These two utilities are investing heavily in new green-power projects. The initiatives will help to better attract institutional investors, who are more and more environmentally conscious. The extra cash flow from their green projects will also let them push up dividends for investors.
FORTIS INC....
Emera’s share have rebounded strongly since falling to $42 in March with the onset of the COVID-19 pandemic. We feel the stock will continue to move higher. That’s partly because Emera is replacing its coal-fired power plants with cleaner-burning natural gas, hydro power and solar....
Exchange-traded funds have traditionally offered investors three main advantages: ease of trading, low fees, and transparency. We still believe passively managed ETFs—which simply track benchmark indexes—do the best job of meeting those goals. However, actively managed ETFs, where fund managers tinker with their holdings to beat the benchmarks, are gaining popularity in Canada....
Emera and Enbridge have bounced back strongly from their March 2020 lows.
We feel both stocks will continue to rise as the pandemic eases and more countries reopen their economies. Their plans to reduce your exposure to fossil fuels will also bolster their appeal with institutional investors....
We feel both stocks will continue to rise as the pandemic eases and more countries reopen their economies. Their plans to reduce your exposure to fossil fuels will also bolster their appeal with institutional investors....
Central banks are keeping interest rates down in order to counter the negative effects of the COVID-19 pandemic. (The Supplement on page 69 offers you more info on how high deficits and low interest rates in the wake of the coronavirus will affect governments going forward.)
Utilities as a sector will benefit from the lower rates....
Utilities as a sector will benefit from the lower rates....
EMERA INC. $54 is a buy. The company (Toronto symbol EMA; Income Portfolio, Utilities sector; Shares outstanding: 236.2 million; Market cap: $12.8 billion; Price-to-sales ratio: 2.2; Dividend yield: 4.5%; TSINetwork Rating: Average; www.emera.com) owns 100% of Nova Scotia Power, that province’s main electricity supplier....
The COVID-19 pandemic has spurred an investor flight to quality stocks like Emera. Shares of the utility are down just 3.4% since the start of 2020, compared to the 10.5% drop for the S&P/TSX Composite Index.
This resilience just enhances the long-term appeal of Emera, which gets most of its revenue from regulated businesses....
This resilience just enhances the long-term appeal of Emera, which gets most of its revenue from regulated businesses....