Emera Inc T.EMA

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

Utilities Utilities - Diversified

Emera Incorporated is a geographically diverse energy and services company. It 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. Its segments include Florida Electric Utility, Canadian Electric Utilities, Gas Utilities and Infrastructure, Other Electric Utilities, and Other. Florida Electric Utility consists of Tampa Electric, a vertically integrated regulated electric utility in West Central Florida. Canadian Electric Utilities includes Nova Scotia Power Inc., a vertically integrated regulated electric utility and the electricity supplier in Nova Scotia, and a 100 % equity interest in NSP Maritime Link Inc. Gas Utilities and Infrastructure includes Peoples Gas System, Inc., New Mexico Gas Company, Inc., Emera Brunswick Pipeline Company Limited, SeaCoast Gas Transmission, LLC and a 12.9 % equity interest in Maritimes & Northeast Pipeline.

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Emera Inc > EMA - Top Pick - BNN Market Call - Ryan Bushell

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Comment by Possibleidiot01on Jul 18, 2023 9:17pm

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RE:EMA - Top Pick - BNN Market Call - Ryan Bushell

Emera (EMA TSX)

Emera is a long-term holding that exhibits low volatility, however, the shares are off ~10 per cent recently as the run in the market has seen investors rotate out of defensive companies. We remain structurally positive on utilities given the supply/demand dynamics for power in the coming decades driven by the desire to lower carbon emissions, population growth, higher air conditioning demand and reshoring of manufacturing activity on this continent. All of these factors are poised to inflect power demand higher at a time when the sources of power are also changing, creating dependable growth for distribution utilities across the continent. With a 5.1 per cent dividend yield and above-average growth in their rate base jurisdictions, we feel Emera is a solid investment at an uncertain time.

stockchase.com

TOP PICK

Electricity demand in North America continues to rise. Emera will sort out issues in Nova Scotia. Their New Meico and Tampa centres are growing, needing more electricity. It pays over a 5% dividend.

(Analysts’ price target is $59.31)

mngmnt / diversified

$53.750