Emera Renews C$600 Million ATM Program to Enhance Financing Flexibility
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 05 2025
0mins
Should l Buy EMA?
Source: Newsfilter
- 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.
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Analyst Views on EMA
Wall Street analysts forecast EMA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EMA is 51.11 USD with a low forecast of 48.95 USD and a high forecast of 54.71 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
2 Buy
4 Hold
0 Sell
Moderate Buy
Current: 50.210
Low
48.95
Averages
51.11
High
54.71
Current: 50.210
Low
48.95
Averages
51.11
High
54.71
About EMA
Emera Incorporated is a geographically diverse energy and services company. It invests in regulated electricity generation and electricity and gas transmission and distribution, with a strategic focus on transformation from high carbon to low carbon energy sources. Its segments include Florida Electric Utility, Canadian Electric Utilities, Gas Utilities and Infrastructure, Other Electric Utilities, and Other. Florida Electric Utility consists of Tampa Electric, a vertically integrated regulated electric utility in West Central Florida. Canadian Electric Utilities includes Nova Scotia Power Inc., a vertically integrated regulated electric utility and the electricity supplier in Nova Scotia, and a 100% equity interest in NSP Maritime Link Inc. Gas Utilities and Infrastructure include Peoples Gas System, Inc., New Mexico Gas Company, Inc., Emera Brunswick Pipeline Company Limited, SeaCoast Gas Transmission, LLC and Maritimes & Northeast Pipeline, LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- 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.
See More
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.
See More
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.
See More
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.
See More
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.
See More
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.
See More
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.
See More
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.
See More
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.
See More
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.
See More
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.
See More
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.
See More
