Should I buy or sell Emera stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Emera in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" EMRAF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EMRAF, but not buy additional shares or sell existing shares. View EMRAF analyst ratings or view top-rated stocks .

What is Emera's stock price target for 2024?

1 brokers have issued twelve-month price targets for Emera's shares. Their EMRAF share price targets range from $58.00 to $64.00. On average, they predict the company's share price to reach $61.40 in the next year. This suggests a possible upside of 82.7% from the stock's current price. View analysts price targets for EMRAF or view top-rated stocks among Wall Street analysts .

How have EMRAF shares performed in 2024?

Emera's stock was trading at $37.79 at the beginning of 2024. Since then, EMRAF shares have decreased by 11.1% and is now trading at $33.6015. View the best growth stocks for 2024 here .

Are investors shorting Emera?

Emera saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 3,085,100 shares, an increase of 7.1% from the March 15th total of 2,881,900 shares. Based on an average daily trading volume, of 16,800 shares, the days-to-cover ratio is presently 183.6 days. View Emera's Short Interest .

How were Emera's earnings last quarter?

Emera Incorporated (OTCMKTS:EMRAF) released its quarterly earnings data on Monday, February, 10th. The company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.08.

Is Emera a good dividend stock?

Emera (OTCMKTS:EMRAF) pays an annual dividend of $1.45 per share and currently has a dividend yield of 4.24%. EMRAF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 73.78%. This payout ratio is at a healthy, sustainable level, below 75%.

How do I buy shares of Emera?

Shares of EMRAF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

OTCMKTS:EMRAF

Emera (EMRAF) Stock Price, News & Analysis

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$33.60

-0.07 (-0.21%)

(As of 04/17/2024 ET)

Compare

Today's Range: $33.29
▼
$33.70
50-Day Range: $33.60
▼
$36.24
52-Week Range: $31.85
▼
$44.13

Volume: 210,129 shs
Average Volume: 38,667 shs
Market Capitalization: N/A

P/E Ratio: 17.10
Dividend Yield: 4.32%
Price Target: $61.40

Stock Analysis Analyst Forecasts Chart Financials Headlines SEC Filings Short Interest

Get Emera alerts:

Emera MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 82.7% Upside
$61.40 Price Target
Short Interest: Bearish
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.00
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.02 out of 5 stars

3.0

Analyst's Opinion

Consensus Rating
Emera has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Emera has received no research coverage in the past 90 days.

0.0

Short Interest

Percentage of Shares Shorted
Short Interest Ratio / Days to Cover
Emera has a short interest ratio ("days to cover") of 183.6, which indicates bearish sentiment.
Change versus previous month
Short interest in Emera has recently increased by 7.05%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Leadership
Emera is a leading dividend payer. It pays a dividend yield of 4.24%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Emera does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Emera is 73.78%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for EMRAF.

1.1

News and Social Media Coverage

News Sentiment
Emera has a news sentiment score of 0.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.48 average news sentiment score of Utilities companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Emera this week, compared to 1 article on an average week.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Emera insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 23.75% of the stock of Emera is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Emera is 17.10, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.69.
Price to Earnings Ratio vs. Sector
The P/E ratio of Emera is 17.10, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 78.27.

See Top Rated MarketRank™ Stocks Here

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About Emera Stock (OTCMKTS:EMRAF)

Emera Incorporated, through its subsidiaries, engages in the generation, transmission, and distribution of electricity to various customers. The company operates through Florida Electric Utility, Canadian Electric Utilities, Other Electric Utilities, Gas Utilities and Infrastructure, and Other segments. It generates electricity through natural gas, solar, hydroelectricity, coal, and biomass power plants. The company is also involved in the purchase, transmission, distribution, and sale of natural gas; and the provision of energy marketing, trading, and other energy asset management services. In addition, it transports re-gasified liquefied natural gas from Saint John, New Brunswick to consumers in the northeastern United States through its 145-kilometer pipeline. As of December 31, 2023, the company's electric utilities served approximately 840,000 customers in West Central Florida; 549,000 customers in Nova Scotia; 134,000 customers in the island of Barbados; 19,000 customers in the Grand Bahama Island; and gas utilities and infrastructure served approximately 490,000 customers across Florida and 540,000 customers in New Mexico. The company was incorporated in 1998 and is headquartered in Halifax, Canada.

EMRAF Stock Price History

30 days | 90 days | 365 days | Advanced Chart

EMRAF Stock News Headlines

April 18, 2024 | americanbankingnews.com

Financial Survey: Emera (OTCMKTS:EMRAF) versus Edison International (NYSE:EIX)

April 16, 2024 | americanbankingnews.com

Short Interest in Emera Incorporated (OTCMKTS:EMRAF) Increases By 7.1%

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 14, 2024 | seekingalpha.com

Emera Incorporated 1ST PFD SER F declares CAD 0.2626 dividend

April 12, 2024 | msn.com

Emera Incorporated 4.25% REST PFD J declares CAD 0.2656 dividend

April 12, 2024 | businesswire.com

Emera Declares Quarterly Dividends

April 12, 2024 | americanbankingnews.com

Emera (OTCMKTS:EMRAF) Stock Price Crosses Below Two Hundred Day Moving Average of $35.59

April 10, 2024 | businesswire.com

Emera Teleconference on May 13 to Discuss Q1 2024 Results and Annual General Meeting on May 23

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 6, 2024 | theglobeandmail.com

Closing Bell: Emera Inc Pref Sh Series B flat on Friday (EMA-PR-B)

March 29, 2024 | markets.businessinsider.com

Buy Rating Affirmed for Emera on Strong Financial Prospects, Growth Trajectory, and Attractive Valuation

March 28, 2024 | theglobeandmail.com

Closing Bell: Emera Inc Series A Pref down on Monday (EMA-PR-A)

March 25, 2024 | seekingalpha.com

Emera: Dividend Cut Looks Probable For This 6% Yielder

March 14, 2024 | finance.yahoo.com

Emera Incorporated's (TSE:EMA) top owners are individual investors with 56% stake, while 33% is held by institutions

March 6, 2024 | finance.yahoo.com

Emera Appoints New Director to the Board

February 29, 2024 | businesswire.com

Emera Extends Support for Racialized Entrepreneurs Across Atlantic Canada With Renewed Investment in Tribe Network

February 27, 2024 | markets.businessinsider.com

Analysts Conflicted on These Utilities Names: Public Service Enterprise (PEG) and Emera (OtherEMRAF)

February 27, 2024 | markets.businessinsider.com

Analysts Offer Insights on Utilities Companies: Emera (OtherEMRAF) and Clearway Energy (CWEN)

February 26, 2024 | businesswire.com

Emera Reports 2023 Fourth Quarter and Annual Financial Results

February 11, 2024 | theglobeandmail.com

Closing Bell: Emera Inc Series A Pref down on Friday (EMA-PR-A)

February 9, 2024 | theglobeandmail.com

Closing Bell: Emera Inc flat on Thursday (EMA-PR-J)

January 31, 2024 | markets.businessinsider.com

Wall Street Analysts Are Bullish on Top Utilities Picks

January 22, 2024 | seekingalpha.com

Emera: 58% Of Rate Base Assets In Florida Should Generate Investor Interest

January 12, 2024 | msn.com

Emera Incorporated 1ST PFD SER F declares CAD 0.262 dividend

December 30, 2023 | msn.com

Emera Oval to host New Year's Eve celebration in Halifax

December 12, 2023 | realmoney.thestreet.com

Emera just downgraded at JPMorgan, here's why

November 14, 2023 | markets.businessinsider.com

Scotiabank Reaffirms Their Buy Rating on Emera (EMRAF)

See More Headlines

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Company Calendar

Last Earnings: 2/10/2014
Today: 4/18/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Sector: Utilities
Industry: Utilities - Regulated Electric
Sub-Industry: N/A
Current Symbol: OTCMKTS:EMRAF
CUSIP: N/A
CIK: 1127248
Web: www.emera.com
Phone: (902) 450-0507
Fax: N/A
Employees: 7,366
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $61.40
High Stock Price Target: $64.00
Low Stock Price Target: $58.00
Potential Upside/Downside: +82.7%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 17.10
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: N/A
Price / Sales: N/A
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: N/A
Price / Book: N/A

Miscellaneous

Outstanding Shares: N/A
Free Float: N/A
Market Cap: N/A
Optionable: Not Optionable
Beta: N/A

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Key Executives

Mr. Scott Carlyle Balfour (Age 60)
CEO, President & Director
Comp: $1.64M
Mr. Gregory W. Blunden F.C.A. (Age 59)
FCPA, Chief Financial Officer
Comp: $809.83k
Mr. Bruce A. Marchand
Chief Risk & Sustainability Officer
Ms. Karen E. Hutt
Executive Vice President of Business Development & Strategy
Mr. Dave Bezanson
Vice President of Investor Relations & Pensions
Mr. R. Michael Roberts CA
Chief Human Resources Officer
Mr. Daniel P. Muldoon
Executive Vice President of Project Development & Operations Support
Mr. Chris Heck
Chief Digital Officer
Mr. Roger Blackman
Managing Director of Barbados Light & Power Company
Ms. Judy A. Steele FCA (Age 63)
President & COO of Emera Energy Inc
Comp: $426.77k

Key Competitors

View All Competitors

EMRAF Stock Analysis - Frequently Asked Questions

Should I buy or sell Emera stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Emera in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" EMRAF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EMRAF, but not buy additional shares or sell existing shares.
View EMRAF analyst ratings or view top-rated stocks.
What is Emera's stock price target for 2024?: 1 brokers have issued twelve-month price targets for Emera's shares. Their EMRAF share price targets range from $58.00 to $64.00. On average, they predict the company's share price to reach $61.40 in the next year. This suggests a possible upside of 82.7% from the stock's current price.
View analysts price targets for EMRAF or view top-rated stocks among Wall Street analysts.
How have EMRAF shares performed in 2024?: Emera's stock was trading at $37.79 at the beginning of 2024. Since then, EMRAF shares have decreased by 11.1% and is now trading at $33.6015.
View the best growth stocks for 2024 here.
Are investors shorting Emera?: Emera saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 3,085,100 shares, an increase of 7.1% from the March 15th total of 2,881,900 shares. Based on an average daily trading volume, of 16,800 shares, the days-to-cover ratio is presently 183.6 days.
View Emera's Short Interest.

How were Emera's earnings last quarter?: Emera Incorporated (OTCMKTS:EMRAF) released its quarterly earnings data on Monday, February, 10th. The company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.08.
Is Emera a good dividend stock?: Emera (OTCMKTS:EMRAF) pays an annual dividend of $1.45 per share and currently has a dividend yield of 4.24%. EMRAF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 73.78%. This payout ratio is at a healthy, sustainable level, below 75%.
How do I buy shares of Emera?: Shares of EMRAF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (OTCMKTS:EMRAF) was last updated on 4/18/2024 by MarketBeat.com Staff

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Emera (EMRAF) Stock Price, News & Analysis

Emera MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Emera Stock (OTCMKTS:EMRAF)

EMRAF Stock Price History

EMRAF Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

EMRAF Stock Analysis - Frequently Asked Questions

Overall MarketRank^™