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Last updated2 minutes ago

EMA·Emera Incorporated

$46.66
-1.22 (-2.55%)
Overnight$46.64-0.02 (-0.04%)
High
$47.88
Open
$47.78
Market Cap
21.02B
52W High
$56.50
Low
$46.08
P. Close
$46.66
P/E
20.21
52W Low
$44.00
Fwd P/E
17.85
DailyIQ Est.
$62.62
Inst. Ownership
0.0%
Short Interest
1.28%
Days to Cover
14.8
Technical Score (1D)
9
BEARISH
News Sentiment
80
BULLISH
On Oct 7, Emera announced that it would merge its Canadian Utilities unit with ATCO, creating a larger utility platform while ATCO would spin off its industrial services and investment businesses into a new public company. The spin‑off will start with more than C$700 million in cash and no debt, and Emera shareholders will receive 0.865 shares of the new ATCO entity for each existing Emera share. The merger, valued at roughly C$72 billion, is described as a merger of equals and will keep the Emera name and CEO Scott Balfour at the helm. ATCO shareholders will hold the remaining 40 % of the combined company, while Emera shareholders are projected to own about 60 %. The transaction is expected to close in late 2027 after shareholder and regulatory approvals, and the combined entity will serve six million customers across Canada, the United States and international markets. The deal is positioned to broaden Emera’s utility portfolio and provide a focused industrial‑services company with growth prospects in modular housing, defence, Arctic infrastructure and logistics.
LOW TARGET
$53 +13.6%
2 analysts
MEAN TARGET
$63 +34.0%
13 analysts
HIGH TARGET
$72 +54.4%
5 analysts
PRICE RANGE
$53.00 - $72.00
SB / B / H / S / SS
1/8/9/1/1
DAILYIQ EST.
$62.62 (+34.3%)

EPS

EstBeatMiss
$0.60$0.63$0.65$0.68$0.71Q3'25Q3'26
QtrEstActual+/−
Q3'26$0.69 - -
Q3'25$0.61$0.63+2.0%

Revenue

EstBeatMiss
$1.9B$2.0B$2.0B$2.1B$2.1BQ3'25Q3'26
QtrEstActual+/−
Q3'26$1.9B - -
Q3'25 - $2.1B -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
→

Market Data

EMA Stock Snapshot

BEARISH9/100
$46.64−$0.02 (0.0%)
Market cap
21.02B
P/E ratio
20.2
Day range
$46.08 – $47.88
News sentiment
80/100 · Bullish
Analyst target
$62.50 (+34.0%)
Consensus
Hold · 20 analysts
52-week range+6.0% off low · -17.5% from high
$44.00$56.50
Price $46.64 DailyIQ Est. $62.62

EMA is on the weaker side of its setup, with little confirmation for a reversal yet. Institutional coverage is thorough here, so shifts in analyst expectations show up in price quickly.

Behaviour On Record

What EMA's own history says about today's numbers

Realized volatility (21d)
11.7% 17th pct
Below its peak
-13.4%
vs 200-day average
-6.7%
Up days (1y)
51%

Emera Incorporated is currently running 11.7% annualised volatility over the last 21 sessions. Measured against EMA's own 13 years of daily returns rather than a market-wide average, that is the 17th percentile — unusually subdued by its own history, against a typical reading of 15.5%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

EMA is trading -13.4% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -14.8%, and the deepest was -36.3% in 2020. The current pullback is therefore shallower than what this stock gives back in a typical year, which is context worth having before treating it as a dislocation.

Price sits -6.7% from its 200-day moving average. Against every other day in its history, that gap ranks at the 13th percentile — a narrower gap than it typically runs. Over the past year EMA closed higher on 51% of sessions, and it is currently 1 session into a falling streak.

On October specifically: over 13 years of records, EMA finished the month higher 4 of 13 times, with a median return of -1.1% and an average of -0.0%. Its strongest month historically has been March at +3.0% on average, its weakest September at -2.0%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: EMA has opened more than 2% away from the prior close in 271 of 3,267 sessions (8.3% of the time), with the largest gaps running +23.0% and -18.5%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

All figures computed from 3,268 daily closes between 2013-10-07 and 2026-10-05, split-adjusted, recomputed daily. Percentiles are against EMA's own 13-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of EMA's sector?

Emera Incorporated sits in the Utilities sector, currently ranked 10th of 12 GICS sectors by relative-strength rotation score (improving).

Sector rank
#10 of 12
Sector state
Improving
Sector rotation score
73

Options Market

What is the options market pricing for EMA?

CallsPuts

For Emera Incorporated's nearest expiry (2026-10-16, 9 days out), open interest is call-heavy, a bullish tilt (put/call ratio of 0.54), with at-the-money implied volatility around 12.5%. The options market is pricing roughly a ±1.5% move by that expiry — a range of about $47.06–$48.46.

Put/call ratio (2026-10-16)
0.54
ATM implied volatility
12.5%
Total open interest
142
Expected move by 2026-10-16
±1.5% ($47.06–$48.46)

Analyst Rating Changes

Are analysts turning bullish or bearish on EMA?

Barclays most recently reiterated its rating on Emera Incorporated to Equal-Weight on Aug 10, 2026 with a price target of $53 (from $55). Over the last 90 days, coverage has run 0 upgrades against 0 downgrades, a net mixed lean.

Latest action
Barclays — Equal-Weight
90-day upgrades
0
90-day downgrades
0
Net rating momentum
0
DateFirmActionRatingPrice target
Aug 10, 2026BarclaysMaintainedEqual-Weight$55 → $53
May 11, 2026BarclaysMaintainedEqual-Weight$53 → $52
Apr 28, 2026BarclaysInitiatedEqual-Weight$53

Held by These ETFs

EMA is a top holding in these ETFs tracked on DailyIQ — bar length shows portfolio weight.

News Sentiment Analysis

Sentiment gathered from recent headlines

80/100
Strong NegativeNeutralStrong Positive
BULLISH

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

10+ articles
What did this article say?
Emera confirmed an all‑share merger with Canadian Utilities, valuing the combined entity at roughly C$14.3 bn and creating a Canada‑headquartered electricity and natural gas provider with about six million customers. The deal, structured as a merger of equals, will combine the companies’ operations across the United States, Canada and international markets, yielding a pro forma enterprise value near C$72 bn. Emera will acquire all outstanding shares of Canadian Utilities and ATCO, while ATCO shareholders will receive shares in a newly formed public company, New ATCO, that will hold ATCO’s industrial services business. The combined company will retain the Emera name and maintain its Halifax headquarters, with Canadian Utilities preserving its Calgary and Edmonton bases. The transaction is expected to enhance scale, diversify revenue streams, and strengthen the company’s competitive position in the North American energy market.
What did this article say?
Emera announced a merger of equals with ATCO’s Canadian Utilities unit, while ATCO will spin off its industrial services and investment businesses into a new public company. The deal will give Emera shareholders a 0.865 share of the new ATCO entity for each existing ATCO share, and the new ATCO will start with over C$700 million in cash and no debt. The transaction is expected to broaden Emera’s utility portfolio and create a focused industrial-services company with growth prospects in modular housing, defence, Arctic infrastructure and logistics.
What did this article say?
On October 6, Emera and Canadian Utilities announced a merger that would create a combined company valued at approximately $72 billion. The deal, structured as a predominantly all‑share transaction, will bring together six million customers across Canada, the United States and international markets. The transaction is expected to close in late 2027 after shareholder and regulatory approvals, and the combined entity will continue to trade under the Emera name on the Toronto and New York Stock Exchanges.
What did this article say?
Emera and Canadian Utilities confirmed their merger on October 6, forming a Canadian‑headquartered utility and energy infrastructure company with a pro‑forma enterprise value of about $72 billion. The transaction values Canadian Utilities at roughly $14.3 billion and will be completed through an all‑share deal. The combined company will serve six million customers and is projected to close in late 2027 pending approvals.
What did this article say?
On October 6, Emera and Canadian Utilities announced a predominantly all‑share merger that will create a Canadian‑headquartered, top‑20 North American regulated utility and energy infrastructure company. The transaction, valued at approximately $72 billion, is expected to close in late 2027 after shareholder and regulatory approvals. Emera shareholders will own about 60% of the combined company, while Canadian Utilities and ATCO shareholders will hold the remaining 40%.
What did this article say?
On October 6, Emera and Canadian Utilities announced a predominantly all‑share merger valued at approximately C$72 billion, creating a top‑20 North American utility with about six million customers and a combined enterprise value of C$45 billion in rate base. The deal is expected to close in late 2027, subject to regulatory approvals, and will target 7%–8% annual rate‑base growth through 2030 through infrastructure investment in Florida and Alberta. The transaction is projected to preserve Emera’s dividend‑growth policy while providing a 20% dividend increase for Canadian Utilities shareholders.
What did this article say?
On October 6, Emera and Canadian Utilities announced a predominantly all‑share merger valued at approximately C$72 billion, creating a top‑20 North American utility with about six million customers and a C$45 billion rate base. The combined company is expected to generate roughly 95% of its 2026 earnings from regulated operations and target 7%–8% annual rate‑base growth through 2030. Emera shareholders will own about 60% of the new entity, while Canadian Utilities and ATCO shareholders will hold the remaining 40%. The transaction is projected to close in late 2027, pending regulatory approvals.
What did this article say?
On October 6, Emera and Canadian Utilities announced a merger that would form a combined company valued at $72 billion, serving six million customers across Canada, the United States and international markets. The transaction, described as a merger of equals, will be carried out through an acquisition by Emera of all outstanding shares of ATCO‑controlled Canadian Utilities. The new company will operate as Emera, remain headquartered in Halifax, and is expected to close in late 2027 after approvals.

Technical Analysis

Real-time indicators across multiple timeframes

9
BEARISH
Technical indicators reflect the latest computed signal mix for this timeframe.
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Institutional & Hedge Fund Ownership
1 tracked managers · $9.55M combined position · 0 adding, 0 trimming, 1 unchanged (latest 13F filings)
ManagerTrendShares Held% of Co.Position ValueFiled
Citadel Advisors LLC• Hold180,0530.04%$9.55M2026-09-02
Q2 2026 flow:180.1K sh bought ($9.55M)0 sh sold ($0)net +180.1K sh (+$9.55M)
View full institutional holdings history →

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