Emera Inc T.EMA

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

Utilities Utilities - Diversified

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.

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Emera Inc

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Post by Digby8on Nov 11, 2021 9:42am

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Post# 34114349

BMO comment

Q3 - Earnings Streak; Still Top 5 Best Idea

•Q3/21 results marked the fifth consecutive quarter that EMA has delivered an in-line result or beat relative to expectations.

•Continued momentum and the upcoming 2021 investor day (guidance roll to 2024) should reinforce EMA's accelerated EPS profile (+12% YTD) and step-function increase in operating cash flow next year (to $2B+ vs. $1.4B in 2020).

•Combined with the attractive 15% potential total return to our unchanged $65 target price, we are maintaining our Outperform rating with EMA shares firmly remaining within our Top 5 Best Idea roster.

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