|Bid||54.00 x 0|
|Ask||54.03 x 0|
|Day's Range||53.76 - 54.52|
|52 Week Range||38.09 - 55.09|
|Beta (3Y Monthly)||0.45|
|PE Ratio (TTM)||16.88|
|Earnings Date||Aug 12, 2019|
|Forward Dividend & Yield||2.35 (4.35%)|
|1y Target Est||54.77|
This news release constitutes a “designated news release” for the purposes of Emera’s prospectus supplement dated July 11, 2019 to its short form base shelf prospectus dated June 14, 2019. At a special meeting held today, Emera Inc. (EMA.TO) shareholders voted to amend the company’s articles of association and remove the restrictions preventing non-Canadian residents from holding or voting more than 25 per cent of the company’s voting shares. Emera believes the removal of this restriction is positive news for shareholders.
Emera Incorporated (“Emera” or the “Company”) (EMA.TO) announced today that it has established an at-the-market equity program (the “ATM Program”) that allows the Company to issue up to C$600,000,000 (or its U.S. dollar equivalent) of common shares (the “Common Shares”) from treasury to the public from time to time, at the Company's discretion. Any Common Shares sold in the ATM Program will be sold through the Toronto Stock Exchange (the “TSX”) or any other marketplace on which the Common Shares are listed, quoted or otherwise traded (collectively, the “Marketplaces”) at the prevailing market price at the time of sale.
Today Emera announced that it will release its Q2 2019 results on Monday, August 12, 2019, before markets open. The Company will host a teleconference and webcast the same day at 9:30 a.m.
Canadian Utilities Limited (TSX:CU) and Emera Inc. (TSX:EMA) are two undervalued stocks that are performing and delivering consistent high returns to income investors.
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The CEO of Enmax Corp. says she will retire next spring after leading the city-owned utility to its first major U.S. investment earlier this year. Gianna Manes, who has guided the City of Calgary-owned electricity generator and distributor since 2012 and was twice named one of Canada's most powerful women by the Women’s Executive Network in that time, says she will step down effective May 31, 2020. Earlier this year, Enmax agreed to make its first investment outside of Canada, inking a deal to purchase Halifax-based Emera Inc.'s interest in a regulated electric transmission and distribution company in Maine for about C$1.3 billion.
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