Streetbeat News

EMRAF

Emera Inc.

http://www.emera.com/

Employees

7,140

Industry

Electric Power Distribution

Open

41.55

Mkt cap

12B

Volume

200

High

41.93

P/E Ratio

34.94

52-wk high

41.93

Low

41.16

Div yield

0.06

52-wk low

32.00

Emera Incorporated announced it will not redeem its Cumulative Rate Reset First Preferred Shares, Series F, on February 15, 2025. There are 8 million Series F Shares outstanding.

Portfolio Pulse from

January 08, 2025 | 6:45 pm

Emera, a utility company, has underperformed the S&P 500 but offers a 5.3% dividend yield and expects 5%-7% EPS growth. It targets an annual return of about 10% with a $20 billion capital plan. However, its high debt load poses risks, especially if interest rates rise.

Portfolio Pulse from

December 18, 2024 | 9:30 am

Emera Incorporated has announced an exchange offer for $500 million of its 7.625% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054, issued by its subsidiary EUSHI Finance, Inc.

Portfolio Pulse from

December 13, 2024 | 3:00 pm

Hurricane Milton, downgraded to a Category 4 storm, is expected to impact several sectors in Florida, including regional banks, hospitals, utilities, insurance, and leisure. Analysts warn of potential financial impacts on companies like Disney, NextEra Energy, and regional banks due to the storm's effects.

Portfolio Pulse from Chris Katje

October 09, 2024 | 3:51 pm

National Bank Financial Inc analyst Patrick Kenny maintains a Sector Perform rating on Emera (OTC:EMRAF) but lowers the price target from $50 to $48.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 5:56 pm

BMO Capital analyst Ben Pham maintains an Outperform rating on Emera (OTC:EMRAF) but lowers the price target from $55 to $54.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 4:23 pm

Emera reported Q4 2023 adjusted EPS of C$0.76, surpassing the C$0.71 estimate but marking a 23.23% decrease from last year. Sales of C$2.018B missed the C$2.101B estimate, a 100% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 10:47 am

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