11 stories mentioning EMA.TO
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Emera Target Edged Up To C$69 From $68, Keeps Sector Perform at National Bank With Q1 "Shining Light on Florida's Data Centre Potential"
Emera (EMA.TO)'s first-quarter adjusted net income increased year over year due to higher earnings from its Emera Energy Services, Peoples Gas Systems and Tampa Electric units, the company said on Friday.Adjusted net income was C$415 million, or $1.37 per share, up from 379 million, or $1.28 per share. The result beat the earnings per share consensus estimate of $1.20 as compiled by FactSet.The company is on track to deliver 2026 adjusted EPS growth above the guidance range of 5-7% annualized."Emera delivered a solid first quarter, with important regulatory outcomes, disciplined capital deployment and record results at Emera Energy, contributing to our strong start," said Scott Balfour, President and Chief Executive Officer of Emera.
Emera (EMA.TO, EMA) announced that President and Chief Operating Officer of Emera Energy, Judy Steele, will retire effective June 30, on Thursday.Karen Hutt will become Chief Executive of Emera Energy upon Judy's retirement, in addition to her current role as Executive Vice-President, Corporate Development at Emera Inc., the company said.Drew Turner has been named Chief Operating Officer of Emera Energy.Shares of the company closed down 0.5% to $71.99 on Wednesday on the Toronto Stock Exchange.
RBC Capital Markets on Monday outlined estimate changes for select Canadian energy infrastructure companies ahead of the first-quarter earnings season.RBC raised the EBITDA estimate for Capital Power (CPX.TO) to C$400 million from $360 million while lowering the EBITDA forecast for Keyera (KEY.TO) to $210 million from $260 million. RBC cited seasonality profile changes to hedging and the related impacts.The EBITDA projection for Northland Power (NPI.TO) was raised to $430 million from $405 million to reflect RBC's expectation of higher European offshore wind resources.RBC cut the EBITDA estimate for TransAlta (TA.TO) to $217 million from $235 million due to lower power production levels.RBC raised its earnings forecast for Emera (EMA.TO) to $1.20 per share from $1.17 per share mainly due to more favorable weather at Tampa Electric, and higher-than-expected pricing volatility.The discounted cash flow estimate for Enbridge (ENB.TO) was lowered to $1.72 from $1.75 to reflect the anticipated impact from regulatory decisions by the CER on its MTS financial return calculation.RBC reduced its EBITDA estimate for Gibson Energy (GEI.TO) to $149 million from $154 million, driven by lower observed shipping activity.The earnings forecast for Hydro One (H.TO) was raised to $0.64 per share from $0.58 per share due to a higher-than-expected Ontario 60-minute peak demand and rate base growth.RBC boosted the EBITDA estimate for Pembina (PPL.TO) to $1.097 billion from $1.063 billion, primarily due to improvements in the frac spread benefiting Marketing.Price: $66.88, Change: $-0.37, Percent Change: -0.55%
CIBC Capital Markets over the weekend outlined changes to price targets of power and regulated utilities equities ahead of the first-quarter earnings season.CIBC raised its price target for Canadian Utilities (CU.TO) to C$51.00 from C$47.00 given a higher P/E multiple applied to its 2027 earnings estimate. ATCO (ACO-X.TO)'s price target was also increased to C$82 from C$72.The price targets for Emera (EMA.TO), Fortis (FTS.TO) and Hydro One (H.TO) were each increased by C$1.00, while Algonquin Power & Utilities (AQN.TO)'s price target increased to US$6.50 from US$6.25.CIBC also boosted Brookfield Renewable Partners' (BEP-UN.TO) price target to US$40.00 from US$37.00 to reflect higher estimates.According to CIBC, investors should hold a balance of power and regulated utilities equities. Capital Power (CPX.TO) and Brookfield are among the preferred power names while ATCO and Fortis are the preferred regulated utilities names.Price: $66.33, Change: $-0.14, Percent Change: -0.22%