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Rating as of

Morningstar’s Analysis

Valuation
Currency in CAD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Stewardship

PREMIUM

Emera Positioned Well for Coronavirus Headwinds

Andrew Bischof, CFA, CPA Senior Equity Analyst

Analyst Note

| Andrew Bischof, CFA, CPA |

We are maintaining our CAD 54 per share value estimate for Emera after it reported first-quarter adjusted earnings per share of CAD 0.79, down from CAD 0.95 in the same year-ago quarter. Much of the decline is attributed to asset sales, mainly its merchant generation and Florida property sale. Adjusting for these sales, normalized earnings were CAD 0.81. Our narrow moat and stable moat trend remain unchanged.

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Company Profile

Business Description

Emera is 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.

Contact
5151 Terminal Road
Halifax, NS, B3J 1A1, Canada
T +1 902 425-8611
Sector Utilities
Industry Utilities - Diversified
Most Recent Earnings Mar 31, 2020
Fiscal Year End Dec 31, 2020
Stock Type
Employees 7,418