Buy Or Sell Opportunity • Jun 01
Now 20% undervalued Over the last 90 days, the stock has risen 2.4% to €44.69. The fair value is estimated to be €56.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings are also forecast to grow by 8.1% per annum over the same time period. Duyuru • Apr 14
Emera Incorporated Declares Quarterly Dividend, Payable on and After May 15, 2026 On April 13, 2026, the Board of Directors of Emera Incorporated declared quarterly dividends on its common shares of $0.7325 per common share which is payable on and after May 15, 2026 to the applicable shareholders of record at the close of business on May 1, 2026. Duyuru • Apr 07
Emera Incorporated to Report Q1, 2026 Results on May 08, 2026 Emera Incorporated announced that they will report Q1, 2026 results Pre-Market on May 08, 2026 Duyuru • Mar 02
Emera Incorporated, Annual General Meeting, May 21, 2026 Emera Incorporated, Annual General Meeting, May 21, 2026. Duyuru • Feb 10
Emera Incorporated Appoints Peter Gregg as Executive Vice President, Strategy and Policy Nova Scotia Power announced that Peter Gregg, current President and CEO, will leave his role as the head of Nova Scotia Power, effective March 1, 2026 to take on a new role with Emera Inc. Peter will become Executive Vice President, Strategy and Policy with Emera Inc., the parent company of Nova Scotia Power, leading Corporate Strategy, Government Relations and Corporate Sustainability and Environment, building on his deep expertise in the energy sector, his background in strategy and policy and high-level company leadership. Peter Gregg has led Nova Scotia Power with distinction since assuming the role of President and CEO in November 2020. Under his leadership, the company delivered on a number of important initiatives, including significant reliability investments and new major infrastructure projects like the Wasoqonatl Intertie Project in partnership with Mi’kmaw communities and the Canadian Infrastructure Bank. Duyuru • Jan 14
Emera Incorporated to Report Q4, 2025 Results on Feb 23, 2026 Emera Incorporated announced that they will report Q4, 2025 results Pre-Market on Feb 23, 2026 Duyuru • Jan 13
Emera Incorporated Declares Quarterly Dividend, Payable on and After February 13, 2026 On January 13, 2026, the Board of Directors of Emera Incorporated declared quarterly dividends on its common shares of $0.7325 per common share which is payable on and after February 13, 2026 to the applicable shareholders of record at the close of business on January 30, 2026. Duyuru • Oct 15
Emera Inc. Declares Quarterly Dividend, Payable on and After November 14, 2025 On October 13, 2025, the Board of Directors of Emera Inc. declared quarterly dividends on its common shares of $0.7325 per common share payable on and after November 14, 2025 to the applicable shareholders of record at the close of business on October 31, 2025. Duyuru • Oct 07
Emera Incorporated to Report Q3, 2025 Results on Nov 07, 2025 Emera Incorporated announced that they will report Q3, 2025 results Pre-Market on Nov 07, 2025 Duyuru • Sep 25
Emera Announces Increase in Quarterly Common Dividend Emera Inc. announced that its Board of Directors have approved an increase in the company’s quarterly dividend on its common share to $0.7325 per share. The new quarterly dividend represents an annualized dividend of $2.93, a 1% increase from the previous annual dividend of $2.90 per share. Duyuru • Sep 17
Emera Incorporated Appoints Isabelle Courville to Its Board of Directors Emera Inc. announced the appointment of Isabelle Courville to its Board of Directors. Ms. Courville is the former President of Hydro-Québec Distribution and Hydro-Québec TransÉnergie. Previously, she served as President of Bell Canada’s Enterprise Group, and President and Chief Executive Officer of Bell Nordiq. Ms. Courville has extensive experience as a board director in both public and private companies and across a variety of sectors. She has been the Chair of Canadian Pacific Kansas City since 2019, an appointment that made her the first woman to chair the board of a Class 1 railway in North America. She is the former Chair of the Board of Laurentian Bank and previously sat on the Board of TVA Group. She also served as a director of SNC-Lavalin Group Inc., Gecina S.A. and Miranda Technologies. Currently, Ms. Courville is a member of the Board of Veolia Environment S.A. She is also a director of the Institute for Governance of Private and Public Organizations. Ms. Courville earned a degree in Engineering Physics from École Polytechnique de Montréal and holds a bachelor’s degree in civil law from McGill University. In 2021, she received the Institute of Corporate Directors' Fellowship Designation. Duyuru • Aug 25
Emera Inc. Announces Chief Financial Officer Changes Emera Inc. announced the appointment of Jared Green as new Chief Financial Officer. Jared Green will join Emera and assume responsibility for Finance, Investor Relations, Treasury and Commercial Investments on or about December 15, 2025. Jared is a highly experienced energy executive who most recently served as President and CEO of TriSummit Utilities (previously AltaGas Canada, TSX:ACI), a regulated natural gas utility and renewable power business. He previously held senior leadership roles at AltaGas Ltd. including President, Canadian Utilities; President, ENSTAR Natural Gas Company; and Vice President and Corporate Controller. Jared assumes the Emera CFO role from Greg Blunden, Emera’s Chief Financial Officer since 2016. As announced previously, Greg is taking on a new role as Executive Vice President, Finance, Emera USA, overseeing the finance function for Tampa Electric and Peoples Gas, Emera’s largest and fastest-growing utilities. Greg will be actively involved in ensuring the seamless transition of Finance responsibilities as Jared assumes his new leadership role at Emera. Duyuru • Apr 11
Emera Inc. Declares Quarterly Dividend on Common Share, Payable on and After May 15, 2025 Emera Inc. announced on April 11, 2025, the board of directors of the company declared quarterly dividend of $0.7250 per common share, which is payable on and after May 15, 2025 to the applicable shareholders of record at the close of business on May 1, 2025. Duyuru • Apr 08
Emera Incorporated to Report Q1, 2025 Results on May 08, 2025 Emera Incorporated announced that they will report Q1, 2025 results Pre-Market on May 08, 2025 Duyuru • Feb 28
Emera Incorporated, Annual General Meeting, May 22, 2025 Emera Incorporated, Annual General Meeting, May 22, 2025. Duyuru • Jan 21
Emera Incorporated to Report Q4, 2024 Results on Feb 21, 2025 Emera Incorporated announced that they will report Q4, 2024 results at 9:30 AM, US Eastern Standard Time on Feb 21, 2025 Duyuru • Jan 14
Emera Inc. Declares Quarterly Dividend on its Common Shares, Payable on and After February 14, 2025 On January 13, 2025, the Board of Directors of Emera Inc. declared quarterly dividends on its common shares of $0.7250 per common share, which is payable on and after February 14, 2025 to the applicable shareholders of record at the close of business on January 31, 2025. Duyuru • Nov 15
Emera Inc Announces Board Chair Transition The Board of Emera Inc. announced plans for the transition of the Chair of its Board of Directors. Jackie Sheppard will be stepping down as the Chair of the Board after more than 10 years of dedicated service and Karen Sheriff, current Board Director, will be appointed Chair of the Board, effective February 21, 2025. Ms. Sheppard, who was appointed Chair in May 2014, will continue to serve as a Director through 2025. Ms. Sheriff joined the Emera Board of Directors in February 2021 and since that time has served as a member of the Management Resources and Compensation Committee, the Risk and Sustainability Committee as well as Chair of the Nominating and Corporate Governance Committee. She has extensive leadership experience in publicly traded and private companies, as well as in regulated environments, in both Canada and the U.S. She is the former President and CEO of Q9 Networks Inc., a Canadian data centre company. Previously, from 2008 to 2014, she served as President and CEO of Bell Aliant, Inc, following 13 years of senior executive roles within the telecommunications industry. She also spent more than 10 years at United Airlines. She is an experienced Corporate Director with a demonstrated commitment to strong corporate governance. Karen has been Director on the Boards of BCE and Bell Canada since 2017. She is also a past Director of WestJet Airlines and CPP Investments. Reported Earnings • Nov 10
Third quarter 2024 earnings released: EPS: CA$0.014 (vs CA$0.37 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.014 (down from CA$0.37 in 3Q 2023). Revenue: CA$1.80b (up 3.6% from 3Q 2023). Net income: CA$4.00m (down 96% from 3Q 2023). Profit margin: 0.2% (down from 5.8% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Declared Dividend • Oct 21
Second quarter dividend of CA$0.72 announced Shareholders will receive a dividend of CA$0.72. Ex-date: 1st November 2024 Payment date: 15th November 2024 Dividend yield will be 6.1%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (110% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 22% to bring the payout ratio under control. EPS is expected to grow by 27% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Duyuru • Oct 15
Emera Incorporated to Report Q3, 2024 Results on Nov 08, 2024 Emera Incorporated announced that they will report Q3, 2024 results After-Market on Nov 08, 2024 Duyuru • Oct 11
Emera Inc. Declares Quarterly Dividends, Payable on and After November 15, 2024 On October 11, 2024, the Board of Directors of Emera Inc. declared quarterly dividend on its common shares, each of which is payable on and after November 15, 2024 to the applicable shareholders of record at the close of business on November 1, 2024, as follows: $0.7250 per common share. Duyuru • Sep 19
Emera Inc. Increases Annual Common Share Dividend Emera Inc. announced that its Board of Directors approved a 1% increase in the annual common share dividend, raising it to $2.90 from $2.87 per common share. New Risk • Aug 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 110% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (9.9% net profit margin). Shareholders have been diluted in the past year (5.6% increase in shares outstanding). Reported Earnings • Aug 11
Second quarter 2024 earnings released: EPS: CA$0.45 (vs CA$0.10 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.45 (up from CA$0.10 in 2Q 2023). Revenue: CA$1.62b (up 14% from 2Q 2023). Net income: CA$129.0m (up 361% from 2Q 2023). Profit margin: 8.0% (up from 2.0% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 22
First quarter dividend of CA$0.72 announced Shareholders will receive a dividend of CA$0.72. Ex-date: 1st August 2024 Payment date: 15th August 2024 Dividend yield will be 7.0%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (125% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 39% to bring the payout ratio under control. EPS is expected to grow by 32% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Duyuru • Jul 12
Emera Inc. Declares Quarterly Dividends, Payable on and After August 15, 2024 Emera Inc. declared quarterly dividends on its common shares, each of which is payable on and after August 15, 2024 to the applicable shareholders of record at the close of business on August 1, 2024, as follows: $0.7175per common share. Duyuru • Jul 10
Emera Incorporated to Report Q2, 2024 Results on Aug 09, 2024 Emera Incorporated announced that they will report Q2, 2024 results Pre-Market on Aug 09, 2024 Duyuru • Jun 26
Emera Inc. Appoints Carla Tully to Board of Directors Emera Inc. announced the appointment of Carla Tully to Emera’s Board of Directors. Ms. Tully is the former Chief Executive Officer and Co-Founder of Earthrise Energy, PBC, an energy transition company she co-developed from concept and grew to a successful independent power producer. She previously served as Executive Vice President and Managing Director of Renewable Energy at MAP Energy, a $2.4 billion energy investment firm where she scaled the company’s renewable energy development business. Ms. Tully also held various senior leadership roles with AES Corporation, a global Fortune 500 utility and energy generation company. Currently, Ms. Tully serves on the boards of the Nikola Corporation, Pattern Energy and the Citizens for Responsible Energy Solutions Forum. She is also a Senior Advisor for the Canadian Pension Plan Investment Board (CPPIB) and an advisor to several energy transition startups. Ms. Tully holds a Master of Business Administration from Columbia Business School, a Master of Arts in Law and Diplomacy from the Fletcher School at Tufts University, and a bachelor’s degree in international relations and economics from the University of Southern California. She received the 2022 Silver Stevie Award for Best Female Entrepreneur and the 2016 UK Institute of Directors’ Award – Director of the Year for Corporate Responsibility. Reported Earnings • May 13
First quarter 2024 earnings released: EPS: CA$0.73 (vs CA$2.07 in 1Q 2023) First quarter 2024 results: EPS: CA$0.73 (down from CA$2.07 in 1Q 2023). Revenue: CA$2.02b (down 17% from 1Q 2023). Net income: CA$207.0m (down 63% from 1Q 2023). Profit margin: 10% (down from 23% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 1.0% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 25
Upcoming dividend of CA$0.72 per share Eligible shareholders must have bought the stock before 30 April 2024. Payment date: 15 May 2024. Payout ratio is on the higher end at 78% but the company is not cash flow positive. Trailing yield: 6.2%. Within top quartile of German dividend payers (4.8%). In line with average of industry peers (5.8%). Declared Dividend • Apr 23
Fourth quarter dividend of CA$0.72 announced Shareholders will receive a dividend of CA$0.72. Ex-date: 30th April 2024 Payment date: 15th May 2024 Dividend yield will be 6.8%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 6.5% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Apr 12
Emera Inc. Declares Quarterly Dividend, Payable on and After May 15, 2024 The board of directors of Emera Inc. declared quarterly dividends on its common shares of $0.7175 per share, which is payable on and after May 15, 2024 to the applicable shareholders of record at the close of business on May 1, 2024. Duyuru • Apr 11
Emera Incorporated to Report Q1, 2024 Results on May 13, 2024 Emera Incorporated announced that they will report Q1, 2024 results Pre-Market on May 13, 2024 Duyuru • Mar 06
Emera Incorporated Appoints Brian Porter to the Board of Directors Emera announced the appointment of Brian Porter to Emera’s Board of Directors. Having spent the majority of his career with the Bank of Nova Scotia (Scotiabank), Mr. Porter served in a variety of leadership roles including President and Chief Executive Officer, a position he held from 2013 until his retirement in January 2023. A forward-thinking leader, Mr. Porter is credited with helping Scotiabank grow and expand globally while driving efficiencies and reinforcing superior customer service. During his tenure as CEO, Scotiabank delivered strong results and steady sustainable, growth, with the value of its assets nearly doubling under his leadership. In addition to being an experienced executive, Mr. Porter has served in the past as a corporate director, including as Chair of the University Health Network (UHN) Board of Trustees in Toronto, Chair of the Board of Governors of Huron University College at Western University, Chair of the Ontario Infrastructure Bank and Chair of the Atlantic Salmon Federation (Canada). Currently, he is a Director of Fairfax Financial Holdings Ltd. Mr. Porter received a Bachelor of Commerce from Dalhousie University and was awarded an Honorary Doctor of Laws from Dalhousie University in 2008 and from Ryerson University in 2018. He is a graduate of the Advanced Management Program of the Harvard Business School. Duyuru • Mar 01
Emera Incorporated, Annual General Meeting, May 23, 2024 Emera Incorporated, Annual General Meeting, May 23, 2024. Reported Earnings • Feb 27
Full year 2023 earnings released: EPS: CA$3.57 (vs CA$3.56 in FY 2022) Full year 2023 results: EPS: CA$3.57 (up from CA$3.56 in FY 2022). Revenue: CA$7.56b (flat on FY 2022). Net income: CA$978.0m (up 3.5% from FY 2022). Profit margin: 13% (in line with FY 2022). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Jan 24
Upcoming dividend of CA$0.72 per share at 6.0% yield Eligible shareholders must have bought the stock before 31 January 2024. Payment date: 15 February 2024. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 6.0%. Within top quartile of German dividend payers (5.1%). In line with average of industry peers (5.5%). Duyuru • Jan 23
Emera Incorporated to Report Q4, 2023 Results on Feb 26, 2024 Emera Incorporated announced that they will report Q4, 2023 results Pre-Market on Feb 26, 2024 Duyuru • Jan 13
Emera Inc. Declares Quarterly Dividends, Payable on February 15, 2024 On January 12, 2024, the board of directors of Emera Inc. declared quarterly dividend of $0.7175 per common share, which is payable on and after February 15, 2024 to the applicable shareholders of record at the close of business on February 1, 2024. The company hereby notified the shareholders of its common shares that such dividend declared qualify as eligible dividends pursuant to the Income Tax Act (Canada) and corresponding provincial legislation. Duyuru • Nov 15
Emera Incorporated has filed a Follow-on Equity Offering in the amount of CAD 600 million. Emera Incorporated has filed a Follow-on Equity Offering in the amount of CAD 600 million.
Security Name: Common Shares
Security Type: Common Stock
Transaction Features: At the Market Offering Reported Earnings • Nov 14
Third quarter 2023 earnings released: EPS: CA$0.37 (vs CA$0.63 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.37 (down from CA$0.63 in 3Q 2022). Revenue: CA$1.74b (down 5.2% from 3Q 2022). Net income: CA$101.0m (down 40% from 3Q 2022). Profit margin: 5.8% (down from 9.1% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.9% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. New Risk • Nov 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Upcoming Dividend • Oct 24
Upcoming dividend of CA$0.72 per share at 6.1% yield Eligible shareholders must have bought the stock before 31 October 2023. Payment date: 15 November 2023. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 6.1%. Within top quartile of German dividend payers (5.0%). In line with average of industry peers (5.8%). Duyuru • Sep 21
Emera Incorporated Approves Increase in Common Annual Dividend Emera Inc. approved an increase in the annual common share dividend to $2.87 from $2.76 per common share and extended its dividend growth rate target of four to five per cent through 2026. Recent Insider Transactions • Aug 18
Independent Director recently bought €686k worth of stock On the 15th of August, Ian Robertson bought around 20k shares on-market at roughly €34.32 per share. This transaction increased Ian's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €2.8m more in shares than they have sold in the last 12 months. New Risk • Aug 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Earnings are forecast to decline by an average of 2.2% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: CA$0.10 (vs CA$0.25 loss in 2Q 2022) Second quarter 2023 results: EPS: CA$0.10 (up from CA$0.25 loss in 2Q 2022). Revenue: CA$1.42b (up 2.8% from 2Q 2022). Net income: CA$28.0m (up CA$95.0m from 2Q 2022). Profit margin: 2.0% (up from net loss in 2Q 2022). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 3.9% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 24
Upcoming dividend of CA$0.69 per share at 5.0% yield Eligible shareholders must have bought the stock before 31 July 2023. Payment date: 15 August 2023. Payout ratio is a comfortable 63% but the company is not cash flow positive. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.8%). In line with average of industry peers (5.2%). Duyuru • Jul 13
Emera Declares Quarterly Dividends, Payable on and After August 15, 2023 On July 12, 2023, the Board of Directors of Emera Inc. declared quarterly dividends on its common shares and First Preferred Shares, each of which is payable on and after August 15, 2023 to the applicable shareholders of record at the close of business on August 1, 2023, as follows: $0.69 per common share. Emera Inc. hereby notifies the shareholders of its common shares and its First Preferred Shares that such dividends declared qualify as eligible dividends pursuant to the Income Tax Act (Canada) and corresponding provincial legislation. Duyuru • Jul 12
Emera Incorporated to Report Q2, 2023 Results on Aug 11, 2023 Emera Incorporated announced that they will report Q2, 2023 results Pre-Market on Aug 11, 2023 Reported Earnings • May 14
First quarter 2023 earnings released: EPS: CA$2.07 (vs CA$1.38 in 1Q 2022) First quarter 2023 results: EPS: CA$2.07 (up from CA$1.38 in 1Q 2022). Revenue: CA$2.43b (up 21% from 1Q 2022). Net income: CA$560.0m (up 55% from 1Q 2022). Profit margin: 23% (up from 18% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.3% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Apr 21
Upcoming dividend of CA$0.69 per share at 4.8% yield Eligible shareholders must have bought the stock before 28 April 2023. Payment date: 15 May 2023. Payout ratio is on the higher end at 75% but the company is not cash flow positive. Trailing yield: 4.8%. Within top quartile of German dividend payers (4.7%). In line with average of industry peers (4.9%). Recent Insider Transactions • Mar 23
Chief Human Resources Officer recently bought €1.3m worth of stock On the 17th of March, R. Roberts bought around 38k shares on-market at roughly €34.93 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €2.1m more in shares than they have sold in the last 12 months. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: CA$3.55 (vs CA$1.99 in FY 2021) Full year 2022 results: EPS: CA$3.55 (up from CA$1.99 in FY 2021). Revenue: CA$7.59b (up 32% from FY 2021). Net income: CA$945.0m (up 85% from FY 2021). Profit margin: 13% (up from 8.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.2% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Duyuru • Jan 25
Emera Incorporated to Report Q4, 2022 Results on Feb 23, 2023 Emera Incorporated announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Feb 23, 2023 Upcoming Dividend • Jan 24
Upcoming dividend of CA$0.69 per share at 5.1% yield Eligible shareholders must have bought the stock before 31 January 2023. Payment date: 15 February 2023. Payout ratio is on the higher end at 89% but the company is not cash flow positive. Trailing yield: 5.1%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (4.4%). Duyuru • Jan 12
Emera Inc. Declares Quarterly Dividends on Common Shares, Payable on and After February 15, 2023 On January 11, 2023, the Board of Directors of Emera Inc. declared quarterly dividends on its common shares of $0.69 per share, payable on and after February 15, 2023 to the applicable shareholders of record at the close of business on February 1, 2023. Recent Insider Transactions • Dec 18
Independent Director recently bought €175k worth of stock On the 12th of December, Ian Robertson bought around 5k shares on-market at roughly €37.60 per share. This transaction amounted to 58% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €223k. Insiders have collectively bought €766k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 01
Independent Director recently bought €209k worth of stock On the 29th of November, James Bertram bought around 6k shares on-market at roughly €36.65 per share. This transaction amounted to 67% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €425k more in shares than they have sold in the last 12 months. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: CA$0.63 (vs CA$0.27 loss in 3Q 2021) Third quarter 2022 results: EPS: CA$0.63 (up from CA$0.27 loss in 3Q 2021). Revenue: CA$1.84b (up 60% from 3Q 2021). Net income: CA$167.0m (up CA$237.0m from 3Q 2021). Profit margin: 9.1% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Nov 12
Third quarter 2022 earnings released: EPS: CA$0.63 (vs CA$0.27 loss in 3Q 2021) Third quarter 2022 results: EPS: CA$0.63 (up from CA$0.27 loss in 3Q 2021). Revenue: CA$1.84b (up 60% from 3Q 2021). Net income: CA$167.0m (up CA$237.0m from 3Q 2021). Profit margin: 9.1% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Oct 24
Upcoming dividend of CA$0.69 per share Eligible shareholders must have bought the stock before 31 October 2022. Payment date: 15 November 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.4%. Within top quartile of German dividend payers (5.3%). Higher than average of industry peers (4.9%). Recent Insider Transactions • Oct 07
Independent Director recently bought €84k worth of stock On the 29th of September, James Bertram bought around 2k shares on-market at roughly €42.13 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €527k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 11
Second quarter 2022 earnings released: CA$0.25 loss per share (vs CA$0.066 loss in 2Q 2021) Second quarter 2022 results: CA$0.25 loss per share (down from CA$0.066 loss in 2Q 2021). Revenue: CA$1.38b (up 21% from 2Q 2021). Net loss: CA$67.0m (loss widened 296% from 2Q 2021). Over the next year, revenue is forecast to grow 4.9% compared to a 4.6% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 22
Upcoming dividend of CA$0.66 per share Eligible shareholders must have bought the stock before 29 July 2022. Payment date: 15 August 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.5%. Within top quartile of German dividend payers (4.5%). In line with average of industry peers (4.4%). Reported Earnings • May 14
First quarter 2022 earnings released: EPS: CA$1.38 (vs CA$1.08 in 1Q 2021) First quarter 2022 results: EPS: CA$1.38 (up from CA$1.08 in 1Q 2021). Revenue: CA$2.02b (up 25% from 1Q 2021). Net income: CA$362.0m (up 33% from 1Q 2021). Profit margin: 18% (in line with 1Q 2021). Over the next year, revenue is forecast to grow 5.0% compared to a 1.0% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Upcoming Dividend • Apr 22
Upcoming dividend of CA$0.66 per share Eligible shareholders must have bought the stock before 29 April 2022. Payment date: 16 May 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.1%. Within top quartile of German dividend payers (3.8%). In line with average of industry peers (4.1%). Reported Earnings • Feb 15
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: CA$1.98 (down from CA$3.78 in FY 2020). Revenue: CA$5.77b (up 4.7% from FY 2020). Net income: CA$510.0m (down 46% from FY 2020). Profit margin: 8.8% (down from 17% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 9.9%, compared to a 7.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Upcoming Dividend • Jan 24
Upcoming dividend of CA$0.66 per share Eligible shareholders must have bought the stock before 31 January 2022. Payment date: 15 February 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.4%. Within top quartile of German dividend payers (3.4%). In line with average of industry peers (4.1%). Recent Insider Transactions • Dec 18
Independent Director recently bought €270k worth of stock On the 14th of December, James Bertram bought around 6k shares on-market at roughly €41.69 per share. In the last 3 months, there was an even bigger purchase from another insider worth €348k. Insiders have collectively bought €989k more in shares than they have sold in the last 12 months. Executive Departure • Dec 01
President of Peoples Gas Thomas Szelistowski has left the company On the 1st of December, Thomas Szelistowski's tenure as President of Peoples Gas ended after 5.1 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 5.29 years. Recent Insider Transactions • Nov 27
Insider recently bought €348k worth of stock On the 22nd of November, James Bragg bought around 8k shares on-market at roughly €41.40 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €720k more in shares than they have sold in the last 12 months. Reported Earnings • Nov 11
Third quarter 2021 earnings released: CA$0.27 loss per share (vs CA$0.34 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: CA$1.15b (down 1.3% from 3Q 2020). Net loss: CA$70.0m (down 183% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Oct 22
Upcoming dividend of CA$0.66 per share Eligible shareholders must have bought the stock before 29 October 2021. Payment date: 15 November 2021. Trailing yield: 4.5%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.8%). Board Change • Oct 21
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 3 highly experienced directors. Director Karen Sheriff was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 12
Second quarter 2021 earnings released: CA$0.066 loss per share (vs CA$0.23 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: CA$1.14b (down 2.7% from 2Q 2020). Net loss: CA$16.9m (down 129% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 13% per year. Board Change • Aug 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 3 highly experienced directors. Director Karen Sheriff was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jul 23
Upcoming dividend of CA$0.64 per share Eligible shareholders must have bought the stock before 30 July 2021. Payment date: 16 August 2021. Trailing yield: 4.4%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.8%). Reported Earnings • May 13
First quarter 2021 earnings released: EPS CA$1.08 (vs CA$2.14 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: CA$1.61b (down 1.5% from 1Q 2020). Net income: CA$273.0m (down 48% from 1Q 2020). Profit margin: 17% (down from 32% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Executive Departure • May 05
Chief Executive Officer of Tampa Electric Company Nancy Tower has left the company On the 3rd of May, Nancy Tower, was replaced as CEO by Scott Balfour after 3.4 years in the role. As of December 2020, Nancy personally held 58.34k shares (€2.0m worth at the time). A total of 2 executives have left over the last 12 months. Under Nancy's leadership, the company delivered a total shareholder return of 41%. Upcoming Dividend • Apr 24
Upcoming dividend of CA$0.64 per share Eligible shareholders must have bought the stock before 30 April 2021. Payment date: 17 May 2021. Trailing yield: 4.4%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.7%). Recent Insider Transactions • Apr 11
COO of Electric Utilities recently sold €55k worth of stock On the 9th of April, Richard Janega sold around 1k shares on-market at roughly €37.94 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €865k more than they bought in the last 12 months. Recent Insider Transactions • Feb 21
Insider recently bought €66k worth of stock On the 19th of February, Sandra Greer bought around 2k shares on-market at roughly €32.96 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €893k more in shares than they bought in the last 12 months. Is New 90 Day High Low • Feb 20
New 90-day low: €33.20 The company is down 6.0% from its price of €35.40 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €89.52 per share. Reported Earnings • Feb 17
Full year 2020 earnings released: EPS CA$3.78 (vs CA$2.76 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: CA$5.51b (down 9.9% from FY 2019). Net income: CA$938.0m (up 42% from FY 2019). Profit margin: 17% (up from 11% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Feb 17
Revenue misses expectations Revenue missed analyst estimates by 6.3%. Over the next year, revenue is forecast to grow 14%, compared to a 14% growth forecast for the Electric Utilities industry in Germany. 
