Emera (EMA)
Owner of regulated electric and gas utilities centered on Florida.
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Owns rate-regulated electric and gas utilities led by Tampa Electric and Peoples Gas in Florida, with additional operations across Atlantic Canada, New Mexico, and the Caribbean. Earnings depend on infrastructure investment, regulator-approved cost recovery, and reliable service across multiple jurisdictions.
Owns cost-of-service, rate-regulated electric and gas utilities spanning Florida, Atlantic Canada, New Mexico, and the Caribbean. Tampa Electric and Peoples Gas anchor the largest operating base in Florida, while Nova Scotia Power, New Mexico Gas, and Caribbean utilities extend the portfolio across several regulatory systems.
Generates earnings by investing in utility infrastructure and recovering costs through jurisdiction-specific rate processes. The holding-company structure retains local utility identities and operating boards, while safety, reliability, affordability, and efficiency shape execution.
Cleaner generation and grid investment must be balanced with reliable, affordable service. Results depend on regulatory approval and the timing of capital recovery across each jurisdiction. New Mexico Gas remained held for sale as of February 2026, leaving the divestiture dependent on transaction completion.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| May 11, 2026 | Barclays | Reiterate | Rating: —Target: $53 | Target: $52 |
| Apr 28, 2026 | Barclays | Target | Target: — | Target: $53 |
| Aug 11, 2025 | CIBC | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $289.4M · Total debt $15.73B · Total assets $33.10B · Shareholders' equity $10.22B
- Revenue
- $1.40B
- Operating income
- $235.4M
- Net income
- $88.2M
Reported in CAD, converted at the latest exchange rate
HistoryDividendAnnual yield
| Strategic holders | 12.14% | 36.64M ADS | |
|---|---|---|---|
| 2 holders · as of Apr 24, 2026 | |||
| Other | 87.86% | 265.12M ADS | |
| remainder | |||
301.75M ADS as of Sep 22, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Strategic | 6.91% | 20.85M | filed Apr 24, 2026 |
Bank of MontrealStrategic | 5.23% | 15.79M | filed Aug 6, 2025 |
FIL LimitedInstitution | 4.90% | 14.79M | filed Feb 9, 2024 |
Insider tradesForm 4
Nothing filed in the last 12 months.
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Emera | $49.03 | +0.55% | $14.92B | 21.6 | 27.0 | 2.4 | −28.8% |
| NextEra Energy | $79.63 | −0.01% | $166.11B | 17.9 | 19.6 | 5.7 | +12.5% |
| Duke Energy | $116.82 | +0.07% | $91.01B | 17.5 | 17.3 | 2.7 | +1.1% |
| Fortis | $54.07 | +0.86% | $27.29B | 23.7 | 22.0 | 3.1 | −0.2% |
| Chesapeake Utilities | $132.04 | +0.68% | $3.15B | 20.9 | 19.3 | 3.2 | +4.7% |
| WEC Energy Group | $103.53 | +0.04% | $33.71B | 20.1 | 19.4 | 3.3 | +2.6% |
| Median | 20.1 | 19.4 | 3.2 | +2.6% |