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Emera Incorporated (EMA)

Utilities | Utilities - Regulated Electric | Halifax, Canada | NYSE
47.72 USD +0.65 (1.381%) ⇧ (Oct. 16, 2026, 4 p.m. EDT)
After hours: 47.72
Short-term:★★☆☆☆Long-term:★★☆☆☆Dividends:★★☆☆☆
Hot Take ↕ | Oct. 10, 2026, 6:57 a.m. EDT

Emera presents a classic value trap scenario where the market has priced in structural deterioration that current fundamentals fail to refute. While the 4.61% dividend yield appears attractive on the surface, the payout ratio of 92.5% leaves virtually no room for error if earnings slip further, making this a fragile income stream rather than a reliable one. The business is struggling with a 19.5% drop in quarterly earnings and negative free cash flow, while the stock trades at a premium to book value despite generating only 7.5% ROE. The price action confirms this skepticism, with the stock trading below both its 50-day and 200-day moving averages, reflecting a persistent trend of underperformance. Although the statistical forecast model hints at a slight positive drift over the next 45 days, this is likely just noise in a stock with a beta of 0.42 that is currently disconnected from its intrinsic value drivers. The options market reinforces this bearish sentiment, with traders buying insurance (puts) instead of betting on rallies. Until there is clear evidence of earnings stabilization and a reduction in the payout ratio, the investment case remains weak.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.072601
MSTL0.073465
AutoTheta0.082845
AutoARIMA0.088028

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 56%
H-stat 5.37
Ljung-Box p 0.000
Jarque-Bera p 0.349
Excess Kurtosis -0.20
Attribute Value
Sector Utilities
Ex Dividend Date 2026-10-29
Last Dividend Date 2026-07-30
Debt to Equity Ratio 153.868
Revenue per Share 29.516
Market Cap 14,657,199,104
Trailing P/E 20.84
Forward P/E 18.45
Beta 0.42
Profit Margins 11.64%
Website https://www.emera.com

As of Oct. 10, 2026, 6:57 a.m. EDT: Speculators are overwhelmingly positioning for downside protection rather than upside participation. Call activity is negligible across all expirations, with open interest concentrated only at deep out-of-the-money strikes ($60, $65) representing minimal exposure. Conversely, put open interest is significant relative to volume, particularly at the $40 strike for the December expiration, indicating a defensive stance against further declines. The lack of meaningful call positioning suggests the market views the current price environment as a ceiling rather than a floor.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.97% 1.99% 4.84% 4.82%
Dividend History
Date Dividend Yield %
2026-07-31 0.523 0.970495
2026-05-01 0.539 1.017173
2025-08-01 0.522 1.116100
2025-05-01 0.526 1.185753
2025-01-31 0.500 1.312680
2024-11-01 0.520 1.427003
2024-10-03 0.537 1.380463
2024-08-01 0.520 1.472254
2024-04-30 0.525 1.550960
2024-01-31 0.535 1.513009
2023-10-31 0.519 1.589100
2023-07-31 0.521 1.283567
2023-04-28 0.508 1.194732
2023-01-31 0.516 1.295831
2022-10-31 0.507 1.381095
2022-07-29 0.517 1.092100
2022-04-29 0.517 1.071503
2022-01-31 0.519 1.095168
2021-10-29 0.537 1.153350
2021-07-30 0.512 1.099893
2021-04-30 0.519 1.141412
2021-02-01 0.499 1.211459
2020-10-30 0.479 1.209596
2020-07-30 0.459 1.117604
2020-04-30 0.441 1.104156
2020-01-30 0.464 1.029967
2019-10-31 0.465 1.128915
2019-07-31 0.447 1.069378
2019-04-30 0.437 1.169074
2019-01-31 0.447 1.277143
2018-04-30 0.440 1.408902
2018-01-31 0.458 1.237838
2017-10-31 0.440 1.163098
2017-07-28 0.416 1.124021
2017-04-27 0.384 1.106628
2017-01-30 0.397 1.161158
2016-10-28 0.390 1.110795
2016-07-20 0.401 1.061970
2016-04-28 0.377 1.043454
2016-01-29 0.339 1.057392
2015-10-29 0.360 1.086301
2015-07-29 0.310 0.953553
2015-04-29 0.332 0.974178
2015-01-30 0.307 0.940276
2014-10-30 0.347 1.027539
2014-07-29 0.336 1.058935
2014-04-29 0.329 1.045108
2014-01-30 0.325 1.170328
Additional Data
dividendRate 2.08
dividendYield 4.42
exDividendDate 2026-10-30
trailingAnnualDividendRate 2.923
trailingAnnualDividendYield 0.062099002
lastDividendValue 0.523
lastDividendDate 2026-07-31
dividendDate 2026-11-13

Info Dump

Attribute Value
52 Week Change -0.046007276
Address1 1,223 Lower Water Street
All Time High 55.49
All Time Low 21.84
Ask 50.09
Ask Size 900
Audit Risk 10
Average Analyst Rating 2.5 - Buy
Average Daily Volume10 Day 1,231,470
Average Daily Volume3 Month 585,809
Average Volume 585,809
Average Volume10Days 1,231,470
Beta 0.423
Bid 44.53
Bid Size 1,200
Board Risk 3
Book Value 29.706934
City Halifax
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 2
Country Canada
Crypto Tradeable 0
Currency USD
Current Price 47.72
Current Ratio 0.731
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 47.78
Day Low 47.08
Debt To Equity 153.868
Display Name Emera
Dividend Date 1,794,528,000
Dividend Rate 2.08
Dividend Yield 4.42
Earnings Call Timestamp End 1,793,995,200
Earnings Call Timestamp Start 1,793,995,200
Earnings Growth -0.244
Earnings Quarterly Growth -0.195
Earnings Timestamp 1,793,968,200
Earnings Timestamp End 1,793,968,200
Earnings Timestamp Start 1,793,968,200
Ebitda 3,404,000,000
Ebitda Margins 0.38092998
Enterprise To Ebitda 11.105
Enterprise To Revenue 4.23
Enterprise Value 37,802,582,016
Eps Current Year 2.64492
Eps Forward 2.58708
Eps Trailing Twelve Months 2.29
Esg Populated 0
Ex Dividend Date 1,793,318,400
Exchange NYQ
Exchange Data Delayed By 20
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 49.1834
Fifty Day Average Change -1.463398
Fifty Day Average Change Percent -0.029753901
Fifty Two Week Change Percent -4.6007276
Fifty Two Week High 55.49
Fifty Two Week High Change -7.7700005
Fifty Two Week High Change Percent -0.14002523
Fifty Two Week Low 45.27
Fifty Two Week Low Change 2.4500008
Fifty Two Week Low Change Percent 0.054119743
Fifty Two Week Range 45.27 - 55.49
Financial Currency CAD
First Trade Date Milliseconds 1,262,701,800,000
Five Year Avg Dividend Yield 4.83
Float Shares 306,097,152
Forward Eps 2.58708
Forward P E 18.445507
Free Cashflow -1,434,375,040
Full Exchange Name NYSE
Full Time Employees 7,812
Fullday Change 0.6500015
Fullday Change Percent 1.3809253
Fullday Price 47.72
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,790,812,800
Gross Margins 0.43756
Gross Profits 3,910,000,128
Has Pre Post Market Data 1
Held Percent Insiders 0.00282
Held Percent Institutions 0.57023
Implied Shares Outstanding 307,150,000
Industry Utilities - Regulated Electric
Industry Disp Utilities - Regulated Electric
Industry Key utilities-regulated-electric
Ir Website http://www.snl.com/irweblinkx/corporateprofile.aspx?iid=4072693
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,785,456,000
Last Dividend Value 0.523
Last Fiscal Year End 1,767,139,200
Long Business Summary Emera Incorporated, an energy and services company, invests in generation, transmission, and distribution of electricity in the United States, Canada, Barbados, and the Bahamas. The company operates through Florida Electric Utility, Canadian Electric Utilities, Gas Utilities and Infrastructure, Other Electric Utilities, and Other segments. It is involved in the purchase, transmission, distribution, and sale of natural gas; and physical energy marketing, trading, and other energy asset management activities. The company was incorporated in 1998 and is headquartered in Halifax, Canada.
Long Name Emera Incorporated
Market us_market
Market Cap 14,657,199,104
Market State POST
Max Age 86,400
Message Board Id finmb_877188
Most Recent Quarter 1,782,777,600
Net Income To Common 963,000,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 15,000,852,221
Number Of Analyst Opinions 1
Open 47.25
Operating Cashflow 2,404,999,936
Operating Margins 0.17852
Overall Risk 3
Payout Ratio 0.92480004
Peg Ratio 2.81
Phone 902-450-0507
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 47.72
Post Market Time 1,792,185,795
Previous Close 47.07
Price Eps Current Year 18.042133
Price Hint 2
Price To Book 1.606359
Price To Sales Trailing12 Months 1.6402417
Profit Margins 0.11638
Quick Ratio 0.34
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 2.5
Region US
Regular Market Change 0.650002
Regular Market Change Percent 1.38093
Regular Market Day High 47.78
Regular Market Day Low 47.08
Regular Market Day Range 47.08 - 47.78
Regular Market Open 47.25
Regular Market Previous Close 47.07
Regular Market Price 47.72
Regular Market Time 1,792,180,802
Regular Market Volume 616,024
Return On Assets 0.029089998
Return On Equity 0.0756
Revenue Growth 0.012
Revenue Per Share 29.516
Sand P52 Week Change 0.16207206
Sector Utilities
Sector Disp Utilities
Sector Key utilities
Share Holder Rights Risk 6
Shares Outstanding 307,150,000
Shares Percent Shares Out 0.0196
Shares Short 6,007,475
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 5,560,167
Short Name Emera Incorporated
Short Ratio 16.71
Source Interval 15
State NS
Symbol EMA
Target High Price 53.0
Target Low Price 53.0
Target Mean Price 53.0
Target Median Price 53.0
Total Cash 396,000,000
Total Cash Per Share 1.289
Total Debt 22,116,999,168
Total Revenue 8,935,999,488
Tradeable 0
Trailing Annual Dividend Rate 2.923
Trailing Annual Dividend Yield 0.062099002
Trailing Eps 2.29
Trailing P E 20.838428
Trailing Peg Ratio 2.8101
Triggerable 1
Two Hundred Day Average 51.2087
Two Hundred Day Average Change -3.488697
Two Hundred Day Average Change Percent -0.06812704
Type Disp Equity
Volume 616,024
Website https://www.emera.com
Zip B3J 3S8