EMA.TO
Emera Incorporated
TorontoCADEQUITY
Utilities
DELAYED
Last price
69.02
▼ 2.52 (3.52%)
MARKET · —
Price
Open
71.34
Prev close
71.54
Day high
71.38
Day low
68.84
Volume
1.56M
Market cap
$21.20B
P/E (TTM)
21.17
52W range
63.17 – 77.99
Trailing performance
Returnvs SPY
1W
-3.46%
-2.1%
1M
-9.79%
-13.5%
3M
-5.95%
-9.1%
6M
-1.64%
-12.7%
YTD
+2.04%
-10.2%
1Y
+3.82%
-16.2%
3Y
+36.51%
-37.7%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$21.20B
Enterprise value$44.35B
Revenue (TTM)$8.94B
Gross profit$3.91B
EBITDA$3.40B
Net income$963.00M
EPS (TTM)$3.26
Free cash flow$-1.43B
Total cash$396.00M
Total debt$22.12B
Book value / share$42.17
Shares outstanding307.15M
Float306.09M
Short % of float—
Dividend yield4.25%
Beta (5Y)0.45
Valuation & profitability ratios
Trailing P/E21.17
Forward P/E18.97
PEG ratio2.87
Price / sales—
Price / book1.64
EV / revenue4.96
EV / EBITDA13.03
Gross margin43.76%
Operating margin17.85%
Profit margin11.64%
Return on equity7.56%
Return on assets2.91%
Debt / equity153.87
Current ratio0.73
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | $8.78B | $7.20B | $7.56B | $7.59B |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | $1.01B | $494.00M | $978.00M | $945.00M |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | $1.01B | $494.00M | $978.00M | $945.00M |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.71 | 0.69 | -2.2% |
| Mar 2026 | 1.20 | 1.37 | +14.3% |
| Dec 2025 | 0.58 | 0.55 | -4.8% |
| Sep 2025 | 0.86 | 0.88 | +2.7% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.96 | 9 | $2.20B | +4.6% |
| Next quarter | 0.72 | 9 | $1.25B | -37.8% |
| Current year | 3.73 | 13 | $9.25B | +5.4% |
| Next year | 3.64 | 13 | $9.24B | -0.1% |
Analyst targets & ownership
Mean target$75.15
High target$84.00
Low target$64.00
Implied upside8.89%
Analyst count13
ConsensusHOLD
Strong buy / Buy3 / 2
Hold7
Sell / Strong sell1 / 1
Held by insiders0.28%
Held by institutions57.12%
Institutions holding391
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
866.30K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jun 30, 26 | Bertram (James Vance) Director of Issuer |
GRANT | 1.23K | $58.47K | Direct |
| Jun 30, 26 | Bertram (James Vance) Director of Issuer |
BUY | 507 | $25.43K | Direct |
| Jun 30, 26 | Bradley (Jacqueline Lynette) Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) |
GRANT | 129 | $6.15K | Direct |
| Jun 30, 26 | Bradley (Jacqueline Lynette) Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) |
BUY | 38 | $1.91K | Direct |
| Jun 30, 26 | Bragg, James Lee Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) |
GRANT | 166 | $7.91K | Direct |
| Jun 30, 26 | Bragg, James Lee Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) |
BUY | 279 | $13.99K | Direct |
| Jun 30, 26 | Courville (Isabelle) Director of Issuer |
GRANT | 1.24K | $58.85K | Direct |
| Jun 30, 26 | Courville (Isabelle) Director of Issuer |
BUY | 31 | $1.55K | Direct |
| Jun 30, 26 | Demone (Henry) Director of Issuer |
GRANT | 590 | $28.11K | Direct |
| Jun 30, 26 | Demone (Henry) Director of Issuer |
BUY | 571 | $28.64K | Direct |
| Jun 30, 26 | Dorrington (Cassandra Alexis Burdell) Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) |
GRANT | 332 | $15.82K | Direct |
| Jun 30, 26 | Dorrington (Cassandra Alexis Burdell) Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) |
BUY | 86 | $4.31K | Direct |
| Jun 30, 26 | Gold-williams (Paula Yvette) Director of Issuer |
GRANT | 680 | $32.40K | Direct |
| Jun 30, 26 | Gold-williams (Paula Yvette) Director of Issuer |
BUY | 289 | $14.49K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
Balfour (Scott Carlyle) |
Director of Issuer | 199.13K | Grant of rights |
Bertram (James Vance) |
Director of Issuer | 50.51K | Grant of rights |
Demone (Henry) |
Director of Issuer | 56.05K | Grant of rights |
Harvey (Kent Michael) |
Director of Issuer | 37.01K | Grant of rights |
Ivany (Raymond Edmund) |
Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) | 40.38K | Grant of rights |
Janega (Richard) |
Senior Officer of Issuer | 67.65K | Grant of rights |
Loewen, Lynn |
Director of Issuer | 85.50K | Grant of rights |
Sheppard (Mary Jacqueline) |
Director of Issuer | 161.89K | Grant of rights |
Steele, Judy Ann |
Director or Senior Officer of Insider or Subsidiary of Issuer (other than in 4,5,6) | 74.88K | Acquisition or disposition under a purchase/ownership plan |
Tilk (Jochen) |
Director of Issuer | 49.07K | Grant of rights |
Moving averages & technicals
SMA 10
71.04
-2.84% from price
SMA 20
72.87
-5.28% from price
SMA 50
74.25
-7.05% from price
SMA 100
73.19
-5.70% from price
SMA 200
70.85
-2.58% from price
EMA 12
71.52
-3.49% from price
EMA 26
72.75
-5.12% from price
EMA 50
73.30
-5.84% from price
RSI (14)
27.8
Oversold
MACD (12,26,9)
-1.23
Hist -0.23
ATR (14)
1.26
1.83% of price
Realised vol 30D
16.8%
Annualised
Bollinger upper
77.74
20, 2σ
Bollinger lower
67.99
20, 2σ
50 / 200 cross
Golden
74.25 vs 70.85
Trend bias
Below 200
-2.58%
Risk profile
Beta vs SPY
-0.27
Less volatile than market
Correlation to SPY
-0.25
Largely independent
Realised vol 30D
16.8%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-11.0%
Peak to trough
Max drawdown 5Y
-31.7%
Peak to trough
ATR 14
1.26
1.83% of price
Beta (reported)
0.45
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.