Morningstar - Emera Incorporated (EMA.) Emera Management Looks to Asset Sales to Fund Growth Plan

Report

Morningstar

Andrew Bischof

EUR 100.00 For Business Accounts Only

Emera Management Looks to Asset Sales to Fund Growth Plan

We are reaffirming our CAD 46 per share fair value estimate, narrow moat, and stable moat trend for Emera after meeting with management at the Edison Electric Institute Financial Conference in San Francisco.
After lowering its dividend growth target to 4% to 5% in the second quarter from the previous 8%, management turned its attention to assuage investor concerns on potential equity needs to fund its sizable growth plan. Management recently announced that it would sell certain assets to fund 2...

12/11/2018 13 EN

Underlying

Emera Incorporated

Emera is an energy and services company which invests in electricity generation, transmission and distribution, gas transmission and utility energy services. Co. had six segments: Nova Scotia Power Inc., an electric utility and electricity supplier in Nova Scotia; Emera Maine, which provides electric transmission and distribution services in the U.S.; Emera Caribbean, which includes Emera (Caribbean) Incorporated and its subidiaries; Pipelines, which includes Emera Brunswick Pipeline Company Ltd. and an equity investment in Maritimes & Northeast Pipeline; Emera Energy, which includes Emera Energy Services that provides energy management services; and Corporate and Other.

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CA2908761018 Toronto Stock Exchange Canada

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Andrew Bischof

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Emera Management Looks to Asset Sales to Fund Growth Plan

Emera Inc: 1 director

With a more favourable environment, EMERA improves to Positive

Emera Announces Upsizing of Previously Announced Offering of Preferred Shares

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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