Should I buy Emera stock in 2025?

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At HelloSafe, our expert has been closely monitoring the performance of Emera for over three years. Every month, millions of Canadians rely on us to break down market trends and highlight the most promising investment opportunities. Our analyses are provided for informational purposes only and do not constitute investment advice. In line with our ethical charter, we have never been, and will never be, compensated by Emera.

What is Emera?

How much is Emera stock?

The price of Emera stock is rising this week. As of today, Emera (EMA) trades at CAD 62.05, up CAD 1.00 (+1.64%) over the past 24 hours, and has gained 1.24% for the week.

The company’s market capitalization stands at CAD 18.48 billion, with an average daily trading volume of 1.4 million shares over the past three months.

Emera’s price-to-earnings ratio is 36.29, offering investors a dividend yield of 4.75%, and the stock’s beta is 0.38, suggesting lower market volatility.

These performance indicators highlight Emera’s appeal for Canadian investors seeking steady returns in a defensive sector.

Our full analysis on Emera stock

After conducting a rigorous review of Emera’s latest financial results alongside the stock’s robust performance over the past three years, and integrating insights from financial indicators, technical signals, current market dynamics, and sector peer analysis using proprietary algorithms, a striking picture emerges. On every strategic axis—from capital deployment to revenue growth—Emera appears to be consolidating its position as a force within North American regulated utilities. So, why might Emera stock once again become a strategic entry point into the Canadian utilities sector in 2025?

Recent Performance and Market Context

Emerging from a period of notable volatility, Emera has demonstrated remarkable resilience and growth, with the current share price at CAD 62.05 (as of April 30, 2025), representing a 33.64% gain over the past year and an impressive 19.3% gain over the most recent six months. This momentum is even more significant when viewed against the backdrop of the broader TSX utilities index, which delivered mid-single-digit returns for the comparable period. The recent daily uptick of +1.64% and a weekly gain of 1.24% further signal renewed investor confidence and robust market participation, with average daily trading volumes reaching 1.4 million shares—a testament to strong underlying demand.

Positive catalysts have come into sharper focus in recent quarters. Emera successfully executed its largest annual capital program in 2024, investing CAD 3.2 billion and achieving a 7% year-over-year rate base growth. The pivotal sale of its Labrador Island Link equity, and the pending New Mexico Gas Company divestiture, have strategically concentrated capital towards its highest-growth markets, primarily in Florida. The regulatory environment remains constructive, particularly with Tampa Electric securing a favourable rate case at a 10.5% ROE. These achievements, coupled with continued population growth in Florida and a clearly articulated capital expenditure program, provide a solid backdrop for ongoing earnings reliability and expansion.

Notably, the defensive nature of Emera’s core business has become increasingly attractive in the current macroeconomic environment characterized by interest rate uncertainty and heightened volatility. Utilities with regulated assets and predictable cash flows—which Emera exemplifies—have regained appeal as cornerstone holdings for Canadian investors seeking stability amid global economic shifts.

Technical Analysis

The technical context for Emera is distinctly bullish, supported by several converging indicators. The stock currently trades above all critical moving averages:

• 20-day MA: 60.36
• 50-day MA: 59.36
• 100-day MA: 56.88
• 200-day MA: 54.01

This alignment above medium- and long-term moving averages signals both short- and medium-term momentum, providing reassurance to technical traders and long-term holders alike.

The 14-day RSI stands at 64.85, registering moderate upward momentum without reaching overbought territory—a typical precursor to sustainable rallies. Meanwhile, the MACD (12,26,9) at 0.67 generates a “Buy” signal, underlying the positive divergence between the stock price and its exponential moving averages. The Stochastic oscillator at 89.09 reflects a neutral configuration, which, when considered alongside other momentum measures, positions Emera for continued gradual upside rather than abrupt corrections.

Key support at CAD 59.89 provides a solid technical floor, while resistance levels at CAD 62.11 and CAD 63.48 could represent the next benchmarks to watch. If these resistance points are breached on above-average volume, a move toward the technical upside target of CAD 67.08 appears increasingly probable. The technical structure thus suggests that Emera may be entering a new bullish phase, underpinned by strong investor participation and trend confirmation.

Fundamental Analysis

Emera’s operational and financial fundamentals remain a pillar of its investment appeal. The company closed 2024 with full-year adjusted EPS of CAD 2.94, essentially flat versus 2023, despite a challenging operating backdrop marked by asset disposals and ongoing capital redeployment. Notably, adjusted EPS in Q4 2024 surged 33% year-over-year, a sign of operational leverage and successful cost control.

Segment contributions were broadly positive:

• Florida Electric Utility earnings rose to CAD 120 million from CAD 115 million
• Canadian Electric Utilities increased to CAD 77 million from CAD 68 million
• Gas Utilities and Infrastructure drove robust growth, up to CAD 87 million from CAD 59 million
• Other Electric Utilities quadrupled to CAD 21 million from CAD 4 million

These results reflect not just tactical execution, but the fruits of Emera’s long-term capital allocation discipline.

Valuation multiples are likewise supportive of renewed interest. The forward P/E ratio stands at 18.83—a level justifiable in the context of robust earnings potential and sector-leading growth projections—while the current P/E, though elevated at 36.29, is heavily influenced by one-off accounting items and recent asset sales. Meanwhile, a price-to-book ratio of 1.53 and a dividend yield of 4.75% highlight the dual appeal of value and income, particularly for investors orienting towards sector stability and reliable returns.

Emera’s structural strengths go beyond numbers:

• Dominant market share in the rapidly expanding Florida region
• Diversified asset base across North America and the Caribbean
• Recognized leadership in grid modernization and decarbonization initiatives
• Well-entrenched brand equity and constructive regulatory relations

All told, the fundamental thesis rests on stable, visible cash flows and a disciplined approach to growth—two elements that typically command a premium in volatile markets.

Volume and Liquidity

Trading activity is an often-underappreciated barometer of investor sentiment, and Emera’s recent volume profile underscores healthy liquidity and broad market support. With average daily volume exceeding 1.4 million shares, Emera enjoys deep participation from both institutional and retail investors, enabling efficient entry and exit points and a float that supports dynamic but rational price discovery.

The robust float and sustained volume patterns minimize execution risk for both modest and sizable investment allocations. This liquidity not only reflects confidence in the underlying story, but may also amplify the stock’s responsiveness to upcoming catalysts, driving renewed valuation momentum as key milestones are met.

Catalysts and Positive Outlook

Emera’s forward narrative is driven by a series of tangible, high-impact catalysts:

• Strategic Repositioning: The completion and pending closing of notable asset sales (e.g., New Mexico Gas Company) free up capital for accelerated reinvestment into high-growth markets, enhancing visibility on long-term earnings accretion.
• Capital Deployment: A CAD 20 billion, five-year capital plan (2025-2029) ensures continued renewal and expansion of best-in-class infrastructure, 80% of which targets high-return Florida operations that already benefit from secular demographic trends.
• Regulatory Tailwinds: The favourable outcome of Tampa Electric’s latest rate case, establishing a 10.5% ROE, bolsters long-term profitability and sets a positive precedent for future negotiations.
• ESG Initiatives: Leadership in grid modernization, decarbonization, and reliability—core ESG priorities for institutional investors—position Emera as a credible partner in the global energy transition.
• Dividend Growth: A nearly 5% yield, with a 1-2% annual growth target, reinforces Emera’s standing as a reliable income generator, attracting capital from both conservative and growth-oriented profiles.

The macro context is equally favourable: population and economic expansion in Florida, enhanced regulatory visibility, and a sector-wide shift towards electrification and resilient, adaptive grid solutions all create a supportive environment for utility stocks with ambitious yet grounded growth agendas. Emera checks every theoretical box for investors seeking predictable income with a growth overlay.

Investment Strategies

Emera’s current price and setup offer multiple entry rationales for investors across time horizons:

• Short-Term:
• Technical positioning above all moving averages invites attention from momentum traders.
• With resistance in sight at CAD 62.11 and 63.48, a breakout on volume could enable agile trades targeting the next upside band near CAD 67.
• Medium-Term:
• The pending completion of the New Mexico Gas Company sale and subsequent redeployment of capital into Florida represent identifiable catalysts, offering an opportunity for investors positioned ahead of anticipated consensus upgrades.
• Ongoing dividend payouts (notably, the May 15, 2025 ex-date) provide near-term income drivers and may attract inflows from yield-focused buyers.
• Long-Term:
• Structural growth in core regulated markets, robust capital investment, and sustained EPS and dividend increases lay the groundwork for compounding shareholder value over the next 3-5 years.
• Participation ahead of the next capital cycle should enable investors to capture both incremental yield and capital appreciation as Emera’s rate base and earnings expand.

For RRSP, TFSA, or taxable accounts, Emera may be optimally positioned at the intersection of defensive utility reliability and a clear, growth-oriented roadmap.

Is It the Right Time to Buy Emera?

A synthesis of technical momentum, fundamental strength, robust trading activity, and a well-communicated, catalyst-rich outlook makes Emera stand out among Canadian utilities as it enters the second half of the decade. The convergence of above-average dividend yield, resilience in core markets, and a disciplined, extensively funded capital plan justifies renewed attention not only from defensive income investors but also from those seeking exposure to secular rate base and earnings growth.

With its recent breakout above key technical thresholds, elevated but sustainable valuation, and a series of near- and medium-term catalysts, Emera seems to represent an excellent opportunity for investors seeking stability with upside potential. While regulatory and macroeconomic risks are inherent to the sector, Emera’s leadership, focus on high-value jurisdictions, and dedication to operational excellence position it favourably against both peers and broader market turbulence.

For investors looking to add a leading utilities name to their portfolio at a time of strategic transition and growth potential, Emera's current setup may justify close consideration as a robust entry point. The constellation of strengths supporting Emera’s story right now may well mark the beginning of a new bullish phase, affirming its longstanding reputation among Canada’s most compelling, income-generating defensive growth stocks.

In sum, Emera offers a rare combination of stability, recurring income, and visible growth—all underpinned by favourable technical and fundamental indicators—making it a stock that deserves continued attention as sector dynamics evolve.

How to buy Emera stock in Canada?

Buying Emera stock online is now both simple and secure for Canadian investors. Using a regulated broker, you can own shares in just a few clicks, with your funds and holdings protected by stringent financial oversight. You have two primary methods to consider: buying the shares outright (“spot buying”) for long-term ownership, or trading Contracts for Difference (CFDs) if you’re interested in short-term price movements with leverage. Each method has its specific features and costs. To help you get started, a detailed comparison of popular Canadian brokers is available further down this page.

Spot Buying

A cash, or “spot,” purchase means you buy Emera shares directly on the Toronto Stock Exchange (TSX: EMA) and become a shareholder. This classic method is straightforward: you pay the current share price plus a modest commission—usually a fixed fee per trade. For example, most Canadian brokers charge around $5 per order.

Example

If Emera shares are trading at $62.05 CAD, and you invest $1,000 CAD, you can buy approximately 16 shares ($1,000 minus a $5 commission = $995, divided by $62.05 per share ≈ 16 shares).

Gain scenario

If the share price climbs 10%, your holding is now worth about $1,100 CAD.
Result: That’s a $100 gross gain (before taxes or other fees), or +10% on your initial investment.

Trading via CFD

CFDs (Contracts for Difference) are financial instruments that let you speculate on Emera’s share price with leverage—without actually owning the shares. Instead, you enter a contract with your broker to exchange the price difference from when you open to when you close the position. Common fees are the “spread” (the difference between buy and sell price) and possible overnight financing charges for holding leveraged positions.

Example

You open a $1,000 CAD CFD position on Emera with 5x leverage, giving you $5,000 market exposure.

Gain scenario

If Emera’s stock price rises by 8%, your leveraged position earns 8% × 5 (leverage) = 40%.
Result: You make a $400 CAD profit on your $1,000 stake (excluding spreads and financing).

Final Advice

Before investing, it’s essential to compare brokers’ fees, platforms, and available features—costs and conditions vary widely in Canada. Your best choice will depend on whether you want long-term ownership (spot buying) or seek short-term, leveraged opportunities (CFDs). Take the time to review our broker comparison further down the page to find the approach that fits your investment goals. Investing in regulated platforms helps ensure a safer, more transparent experience.

Platforms

Minimum Deposit

Discover

#1

Tier 1 regulation, including ASIC and FSA

#1Recommended Offer

Star Trader

4.9

Minimum Deposit

$50

Discover

with our partner Star Trader

#2

Broker specializing in Forex and CFDs

#2

IFC Markets

4.8

Minimum Deposit

$1

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with our partner IFC Markets

#3

Broker regulated since 2006

#3

Avatrade

4.8

Minimum Deposit

$100

Discover

with our partner Avatrade

Our 7 tips for buying Emera stock

The latest news about Emera

Emera shares have continued their steady upward trend, gaining 1.24% over the past week. This positive momentum is notable as the stock outperformed both the sector and broader Canadian market, aided by robust trading volume averaging 1.4 million shares per day. Year-to-date returns remain strong at 33.64%, reflecting substantial investor confidence and the appeal of Emera’s regulated utility model, especially for Canadian income-oriented portfolios.

The company successfully maintained its quarterly dividend payout, with the latest ex-dividend date on May 1, reinforcing its commitment to consistent shareholder returns. At CAD 0.725 per share (annualized at CAD 2.90), Emera’s 4.75% dividend yield remains well above the utility sector average. Management continues to target 1-2% annual growth in dividends, offering Canadian investors a reliable and gradually increasing income stream. The payout ratio is elevated, but the company’s stable cash flows and predictable regulatory environment in its core markets underpin ongoing dividend sustainability.

Emera’s technical indicators reinforce a bullish near-term market outlook as the stock trades above all significant moving averages. With the 20-day, 50-day, 100-day, and 200-day moving averages all below the current price, the broader technical setup signals strength. The 14-day RSI at 64.85 suggests continued positive momentum without reaching overbought territory, while the MACD indicator recently generated a buy signal. This technical alignment is fueling optimism among Canadian traders and portfolio managers who prioritize steady defensive compounders.

The company’s Q4 2024 financial results showed broad-based segment growth, with strong year-over-year increases in Canadian utilities and gas infrastructure. Adjusted earnings per share rose 33% from last year’s Q4, supported by growth in the Canadian electric utility division (up to CAD 77 million from CAD 68 million) and significant gains in the gas utilities and infrastructure segment (up to CAD 87 million from CAD 59 million). Emera’s execution of its largest-ever annual capital plan (CAD 3.2 billion) drove a 7% increase in its overall regulated rate base, reflecting management’s discipline and commitment to enhancing critical infrastructure that benefits Canadian communities.

Strategic initiatives such as the ongoing CAD 20 billion five-year capital plan and recent asset divestitures signal a focused growth strategy catering to Canadian and regional priorities. The bulk of planned investments—80%—will target Florida operations due to strong demographic trends, while the company is also strengthening its Canadian footprint, notably through Nova Scotia Power and related grid modernization efforts. The recent completed sale of the Labrador Island Link equity interest and the pending sale of New Mexico Gas Company bolster Emera’s balance sheet, enabling reinvestment in higher-growth, core markets. These actions are viewed favorably by Canadian institutional investors, who value both growth and prudent risk management in an evolving regulatory landscape.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.