Emera: The Utility Serving Florida’s Fast-Growing Energy Needs, Buy The Affluent Tortoise 2. 4K Follower s Comments Summary Emera unveiled a $20B five-year capital plan, targeting 7-8% rate base growth and 5-7% adjusted EPS growth through 2027. EMA’s growth is driven by strong demand in Florida, with 70% of adjusted net income from U. S. operations and major investments in Tampa Electric. Dividend growth continues with a 1% increase, a current yield of 4. 4%, and guidance for 1-2% annual growth, though at a slower pace than previous years. Funding the capital plan relies on operational cash flow, debt, equity, and asset sales, raising concerns about dilution and credit ratings amid higher leverage. Author’s note: All figures listed in Canadian currency unless otherwise noted. Investment Thesis Year to date, shares of Emera Inc. (EMA) (EMA: CA) are up 28%, well ahead of the S&P/TSX Capped Utilities Index ETF, which This article was written by 2. 4K Follower s I am a value-oriented investor who seeks out high-quality companies with long histories of dividend growth. I believe that patient investors who build a core portfolio of dividend paying equities can achieve their retirement goals without taking on unnecessary risk. Dividend growth profiles are the best indicators of management’s commitment to returning cash to shareholders. Dividend growth investing involves identifying quality companies with competitive advantages that provide visibility towards future cash flow growth. Warren Buffet once wrote “If you don’t find a way to make money while you rest, you will work until you die”. Fundamental analysis and patience are the tools I use to build a portfolio of equities that will enable my very comfortable retirement. Join me in exploring value and growth-at-a-reasonable-price opportunities and in building your own income-producing portfolio of dividend stocks. I am an investor with over 20 year of experience in the market. I hold a B. Mgt and an MBA where I enjoyed studying both corporate and personal finance. Analyst’s Disclosure: I/we have a beneficial long position in the shares of FTS: CA, CU: CA, BIP. UN: CA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. Comments Recommended For You.
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