Emera Inc

TSX:EMACanadaView on OTC Pink - Current Information

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• DJ Emera's Capital Reallocation Seen Prudent -- Market Talk, from 12 hours ago by Dow Jones

  12 hours ago by Dow Jones
  Companies Mentioned: EMA
  
  1354 ET - Emera's decision to reallocate capital toward higher growth opportunities by cooling its dividend growth rate to 1%-2% annually, from 4%-5%, looks to be a prudent move, Raymond James' David Quezada says. The analyst reckons the change reflects a commitment to enhancing longer-term shareholder value via targeted investments in areas like its two regulated utilities in Florida, Tampa Electric and Peoples Gas. With the stock now trading at about 1.2 times expected 2025 earnings, the capital changes could mean a possible valuation improvement is imminent, Quezada says. Raymond James has an outperform call on the shares, which are now up 0.2% at C$45.53. (robb.stewart@wsj.com)
  

• Emera Targets EPS Growth of 5-7% Through 2027, Outlines Plans for Long-Term Growth, from 18 hours ago by MT Newswires

  18 hours ago by MT Newswires
  Companies Mentioned: EMA
  07:51 AM EDT, 06/28/2024 (MT Newswires) -- Emera (EMA.TO) on Friday said that it is expecting a new three-year average target EPS growth of 5-7% through 2027. The company also extended its rate-based growth guidance of 7-8% over the next five years ...

• DJ Emera Sets 3-Year Earnings Target, Cuts Dividend Growth Plan, from 18 hours ago by Dow Jones

  18 hours ago by Dow Jones
  Companies Mentioned: EMA
  
  By Dean Seal
  
  Emera has set a three-year average target for earnings growth at 5% to 7% through 2027 and is tempering its dividend payouts outlook.
  
  The Canadian energy services said Friday that it is adjusting its dividend growth rate to 1% to 2% a year, down from the 4% to 5% per-year rate set out in September.
  

• -- Emera Brief: Announcing Strategic Reallocation of Capital to Drive Long-Term Growth; Updating Growth Guidance, from 19 hours ago by MT Newswires

  19 hours ago by MT Newswires
  Companies Mentioned: EMA
  07:00 AM EDT, 06/28/2024 (MT Newswires) -- ...

• Emera Announces Strategic Reallocation of Capital to Drive Long-Term Growth; Updates Growth Guidance, from 19 hours ago by Business Wire

  19 hours ago by Business Wire
  Companies Mentioned: EMRAF

  Emera Inc. ("Emera") (TSX:EMA) today announced a strategic update driving long term value for shareholders and enabling the company to pursue compelling growth opportunities across its portfolio. As a reflection of this growth profile, Emera is introducing new three-year average target EPS growth of 5-7 per cent through 2027(1) and extending its previously discussed rate-base growth guidance of 7-8 per cent over the next five years through 2029. As part of a broader strategic initiative to reallocate capital towards investing in these high-growth opportunities, beginning today, Emera is adjusting its dividend growth rate to 1 to 2 per cent per year. This will have the effect of reducing Emera's dividend payout ratio of adjusted net income(2) (payout ratio) to approximately 80 per cent by the end of 2027 with continued improvement in the following years. This decision underscores the company's commitment to driving long-term shareholder value through focused investments in the robust and high growth jurisdictions in which it operates.