Emera Incorporated Announces Dividend Rates for Series A and Series B First Preferred Shares
Dividend Rates Announcement: Emera Incorporated has announced the dividend rates for its Series A and Series B preferred shares, with Series A Shares offering a fixed rate of 4.951% per annum starting August 15, 2025, and Series B Shares providing a floating rate of 4.542% for a three-month period beginning the same date.
Conversion Rights: Holders of Series A and Series B Shares will have the option to convert their shares into the other series on August 15, 2025, subject to certain conditions, with further opportunities for conversion every five years thereafter.
Trade with 70% Backtested Accuracy
Analyst Views on EMA
About EMA
About the author
Utility Stocks Show Weak Earnings Momentum, Ørsted and National Grid Rated F
- Earnings Momentum Ratings: Among large-cap utility stocks, Ørsted A/S and National Grid plc received an EPS revision grade of F, indicating significant downward pressure on analyst expectations for future earnings, which could lead to decreased investor confidence.
- Market Focus: Veolia Environnement SA and EDPR, S.A. also received EPS revision grades of F and D, respectively, highlighting that these companies are under greater earnings pressure, potentially impacting their stock performance and market competitiveness.
- Industry Trends: Evergy, Inc. and Duke Energy Corporation received D+ ratings, reflecting a broader weakening of earnings momentum in the utility sector, which may reduce investor interest in this industry.
- Investor Caution: As earnings season unfolds, market scrutiny on utility stocks intensifies, particularly for those with lower ratings, which may prompt investors to reassess associated risks.
Emera Inc's Series E Preferred Shares Down 0.1% Amid Mixed Trading
- Stock Performance: On Monday, Emera Inc's Series E cumulative redeemable preferred shares (TSX:EMA-PRE.TO) fell approximately 0.1%, while common shares (TSX:EMA.TO) rose about 0.7%, indicating a divergence in market reactions to different share classes.
- Dividend History: The historical dividend payments of Emera Inc's Series E preferred shares are highlighted, reflecting the company's ongoing commitment to shareholder returns despite current stock price fluctuations.
- Market Dynamics: The performance disparity between preferred and common shares may influence investors' asset allocation decisions, particularly among those seeking stable income.
- Investor Sentiment: The current stock price volatility may reflect a cautious market sentiment regarding Emera Inc's future performance, prompting investors to closely monitor the company's financial results and market developments.
Emera Renews C$600 Million At-the-Market Equity Program
- Enhanced Financing Flexibility: Emera has renewed its at-the-market equity program, allowing the issuance of up to C$600 million in common shares, thereby enhancing its ability to respond swiftly to future capital needs and market changes.
- Diverse Market Channels: The new program permits share issuance through various marketplaces, including the Toronto Stock Exchange and the New York Stock Exchange, which not only increases liquidity but also attracts a broader investor base, further strengthening the company's market position.
- Defined Agreement Duration: The equity distribution agreement is effective until January 5, 2029, ensuring a stable financing channel for the company over the coming years, which supports its long-term strategic goals and business expansion.
- Transparent Use of Proceeds: Emera intends to use any funds raised through this program for general corporate purposes, and this transparent funding strategy helps to boost investor confidence and facilitates ongoing investments in renewable energy initiatives.
Emera Renews C$600 Million ATM Program to Enhance Financing Flexibility
- Enhanced Financing Flexibility: Emera has renewed its at-the-market equity program, allowing for the issuance of up to C$600 million in common shares, thereby enhancing the company's flexibility to meet future financing needs and ensuring stability in its capital structure.
- Market Trading Channels: The program permits share issuance through various marketplaces, including the Toronto Stock Exchange and the New York Stock Exchange, enabling the company to adjust issuance timing and pricing based on market conditions, optimizing fundraising efficiency.
- Agreement Details: Emera has entered into an equity distribution agreement with multiple financial institutions, ensuring professional market support for future share issuances, which will enhance the success rate of offerings and reduce financing costs.
- Long-term Strategic Planning: The program is effective until January 2029, reflecting the company's proactive planning for future capital needs, aimed at supporting its ongoing growth in the North American energy services market.
RBC Capital Reaffirms Outperform Rating for Emera and Increases Price Target to C$76
Real-time Intelligence: Benzinga Pro offers the fastest news alerts for traders to stay updated on market movements.
Exclusive Content: Subscribers gain access to unique stories and insights generated by Benzinga reporters.
Community of Traders: Over 10,000 serious traders are part of the Benzinga Pro community, enhancing their trading strategies.
Market Winning Tools: The platform provides essential tools and information to help traders succeed in the stock market.
Emera announces Q3 adjusted earnings per share of 88 cents, surpassing consensus estimate of 61 cents.
Strong Financial Performance: Emera reported strong adjusted EPS growth, primarily due to operational success at Tampa Electric and progress in regulatory matters, including the completion of the Peoples Gas rate case.
Future Growth Plans: The company is extending its rate base growth target of 7-8% through 2030, backed by a $20 billion capital plan aimed at improving customer reliability through investments in grid modernization and gas infrastructure, particularly in Florida.
Analyst Upgrades: Several financial institutions, including JPMorgan, CIBC, and Scotiabank, have raised Emera's price target, reflecting positive market sentiment.
Dividend Increase: Emera has increased its dividend by 1% to 73.25 cents per share, indicating a commitment to returning value to shareholders.
Utility Stocks Show Weak Earnings Momentum, Ørsted and National Grid Rated F
- Earnings Momentum Ratings: Among large-cap utility stocks, Ørsted A/S and National Grid plc received an EPS revision grade of F, indicating significant downward pressure on analyst expectations for future earnings, which could lead to decreased investor confidence.
- Market Focus: Veolia Environnement SA and EDPR, S.A. also received EPS revision grades of F and D, respectively, highlighting that these companies are under greater earnings pressure, potentially impacting their stock performance and market competitiveness.
- Industry Trends: Evergy, Inc. and Duke Energy Corporation received D+ ratings, reflecting a broader weakening of earnings momentum in the utility sector, which may reduce investor interest in this industry.
- Investor Caution: As earnings season unfolds, market scrutiny on utility stocks intensifies, particularly for those with lower ratings, which may prompt investors to reassess associated risks.
Emera Inc's Series E Preferred Shares Down 0.1% Amid Mixed Trading
- Stock Performance: On Monday, Emera Inc's Series E cumulative redeemable preferred shares (TSX:EMA-PRE.TO) fell approximately 0.1%, while common shares (TSX:EMA.TO) rose about 0.7%, indicating a divergence in market reactions to different share classes.
- Dividend History: The historical dividend payments of Emera Inc's Series E preferred shares are highlighted, reflecting the company's ongoing commitment to shareholder returns despite current stock price fluctuations.
- Market Dynamics: The performance disparity between preferred and common shares may influence investors' asset allocation decisions, particularly among those seeking stable income.
- Investor Sentiment: The current stock price volatility may reflect a cautious market sentiment regarding Emera Inc's future performance, prompting investors to closely monitor the company's financial results and market developments.
Emera Renews C$600 Million At-the-Market Equity Program
- Enhanced Financing Flexibility: Emera has renewed its at-the-market equity program, allowing the issuance of up to C$600 million in common shares, thereby enhancing its ability to respond swiftly to future capital needs and market changes.
- Diverse Market Channels: The new program permits share issuance through various marketplaces, including the Toronto Stock Exchange and the New York Stock Exchange, which not only increases liquidity but also attracts a broader investor base, further strengthening the company's market position.
- Defined Agreement Duration: The equity distribution agreement is effective until January 5, 2029, ensuring a stable financing channel for the company over the coming years, which supports its long-term strategic goals and business expansion.
- Transparent Use of Proceeds: Emera intends to use any funds raised through this program for general corporate purposes, and this transparent funding strategy helps to boost investor confidence and facilitates ongoing investments in renewable energy initiatives.
Emera Renews C$600 Million ATM Program to Enhance Financing Flexibility
- Enhanced Financing Flexibility: Emera has renewed its at-the-market equity program, allowing for the issuance of up to C$600 million in common shares, thereby enhancing the company's flexibility to meet future financing needs and ensuring stability in its capital structure.
- Market Trading Channels: The program permits share issuance through various marketplaces, including the Toronto Stock Exchange and the New York Stock Exchange, enabling the company to adjust issuance timing and pricing based on market conditions, optimizing fundraising efficiency.
- Agreement Details: Emera has entered into an equity distribution agreement with multiple financial institutions, ensuring professional market support for future share issuances, which will enhance the success rate of offerings and reduce financing costs.
- Long-term Strategic Planning: The program is effective until January 2029, reflecting the company's proactive planning for future capital needs, aimed at supporting its ongoing growth in the North American energy services market.
RBC Capital Reaffirms Outperform Rating for Emera and Increases Price Target to C$76
Real-time Intelligence: Benzinga Pro offers the fastest news alerts for traders to stay updated on market movements.
Exclusive Content: Subscribers gain access to unique stories and insights generated by Benzinga reporters.
Community of Traders: Over 10,000 serious traders are part of the Benzinga Pro community, enhancing their trading strategies.
Market Winning Tools: The platform provides essential tools and information to help traders succeed in the stock market.
Emera announces Q3 adjusted earnings per share of 88 cents, surpassing consensus estimate of 61 cents.
Strong Financial Performance: Emera reported strong adjusted EPS growth, primarily due to operational success at Tampa Electric and progress in regulatory matters, including the completion of the Peoples Gas rate case.
Future Growth Plans: The company is extending its rate base growth target of 7-8% through 2030, backed by a $20 billion capital plan aimed at improving customer reliability through investments in grid modernization and gas infrastructure, particularly in Florida.
Analyst Upgrades: Several financial institutions, including JPMorgan, CIBC, and Scotiabank, have raised Emera's price target, reflecting positive market sentiment.
Dividend Increase: Emera has increased its dividend by 1% to 73.25 cents per share, indicating a commitment to returning value to shareholders.
