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Emera Inc T.EMA

Alternate Symbol(s):  EMRAF | T.EMA.PR.A | T.EMA.PR.B | T.EMA.PR.C | T.EMA.PR.E | T.EMA.PR.F | ERRAF | T.EMA.PR.H | T.EMA.PR.J | T.EMA.PR.L

Emera Incorporated is a Canada-based diverse energy and services company. The Company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. The Florida Electric Utility segment consists of Tampa Electric, a vertically integrated regulated electric utility in West Central Florida. The Canadian Electric Utilities segment includes Nova Scotia Power Inc., a vertically integrated regulated electric utility and the primary electricity supplier in Nova Scotia and Emera Newfoundland & Labrador Holdings Inc. consisting of two transmission investments related to an 824 megawatt (MW) hydroelectric generating facility. Its Gas Utilities and Infrastructure segment includes Peoples Gas System; New Mexico Gas Company, Inc.; Emera Brunswick Pipeline Company Limited; SeaCoast Gas Transmission, LLC, and 12.9 per cent interest Maritimes & Northeast Pipeline.


TSX:EMA - Post by User

Bullboard Posts
Post by anon314on Jun 22, 2018 4:45pm
196 Views
Post# 28216087

From RBC

From RBCPrice Target: CDN $50

Emera held a mini-investor event in Tampa Bay that focused on the company’s upbeat outlook for its Florida-based utilities (Tampa Electric and Peoples Gas), which comprise roughly 50% of its earnings. We continue to have a very favourable view on Emera’s underlying business. Emera continues to work on its normal annual strategic review, although there were no interim updates provided at the Investor Day. While we believe that the market may initially react negatively if the company decides to moderate the dividend growth rate, we think that a 4-5% dividend growth target paired with a 60-70% earnings payout ratio range would ultimately be well-received by the market.


Bullboard Posts