Emera (TSE:EMA) Reaches New 1-Year High – Here’s Why

Emera Incorporated (TSE:EMA) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$71.86 and last traded at C$69.34, with a volume of 198148 shares changing hands. The stock had previously closed at C$70.17.

More Emera News

Here are the key news stories impacting Emera this week:

• Positive Sentiment: Earnings beat and upbeat quarterly results — Emera reported C$1.48 EPS on C$2.01B revenue, noted record net income and flagged strategic investments; the print topped forecasts and management commentary supports near-term momentum. Earnings Call Highlights Earnings Coverage
• Positive Sentiment: Raymond James raised its target to C$74.50 and kept an “outperform” rating (≈+6.7% upside vs C$69.85) — a supportive institutional view that likely lifts investor sentiment. Analyst Note (BayStreet) TickerReport
• Positive Sentiment: BMO Capital Markets boosted its target to C$74 and kept an “outperform” rating (≈+5.9% upside). Analyst Note (BayStreet)
• Positive Sentiment: TD Securities increased its target to C$75 and maintained a “buy” rating (≈+7.4% upside), adding to the bullish broker support. Analyst Note (BayStreet)
• Neutral Sentiment: Watch financial/valuation context — Emera’s 12‑month range, PE (~19.1) and elevated debt‑to‑equity are background considerations for investors weighing the upgrades; these factors moderate upside. MarketBeat Profile
• Negative Sentiment: Two firms remain cautious despite raises: National Bank Financial (target C$68, “sector perform”, ≈-2.6% vs current) and Desjardins (target C$69, “hold”, ≈-1.2% vs current) — signals that some analysts still see limited near‑term upside. Analyst Notes (BayStreet)

Analysts Set New Price Targets

Several equities analysts have commented on EMA shares. BMO Capital Markets increased their target price on Emera from C$72.00 to C$74.00 and gave the company an “outperform” rating in a research report on Tuesday. Desjardins upped their price target on Emera from C$68.00 to C$69.00 and gave the company a “hold” rating in a research report on Tuesday. Canadian Imperial Bank of Commerce upped their price objective on shares of Emera from C$71.00 to C$72.00 in a research note on Monday, November 10th. TD Securities lifted their target price on Emera from C$74.00 to C$75.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Scotiabank increased their price target on Emera from C$72.00 to C$78.00 in a report on Tuesday, December 16th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$71.72.

Emera Stock Performance

The firm has a market cap of C$21.08 billion, a P/E ratio of 19.14, a PEG ratio of 6.20 and a beta of 0.59. The company’s 50-day moving average is C$68.00 and its two-hundred day moving average is C$67.04. The company has a current ratio of 0.72, a quick ratio of 0.23 and a debt-to-equity ratio of 150.23.

Emera (TSE:EMA) last announced its quarterly earnings results on Monday, February 23rd. The company reported C$1.48 earnings per share (EPS) for the quarter. Emera had a return on equity of 6.06% and a net margin of 10.51%.The company had revenue of C$2.01 billion for the quarter. As a group, equities analysts predict that Emera Incorporated will post 3.1991627 EPS for the current fiscal year.

Insider Activity at Emera

In other Emera news, Director Scott Carlyle Balfour sold 10,000 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of C$67.75, for a total value of C$677,500.00. Following the sale, the director directly owned 7,733 shares of the company’s stock, valued at approximately C$523,910.75. The trade was a 56.39% decrease in their ownership of the stock. Also, insider Daniel Muldoon sold 8,000 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of C$67.00, for a total value of C$536,000.00. Following the completion of the sale, the insider directly owned 2,378 shares in the company, valued at approximately C$159,326. This represents a 77.09% decrease in their ownership of the stock. Corporate insiders own 0.09% of the company’s stock.

About Emera

Emera is a geographically diverse energy and services company investing in electricity generation, transmission, and distribution as well as gas transmission and utility energy services. Emera has operations throughout North America and the Caribbean countries.