EMRAF - Emera: 'Constructive Florida Regulation Offers Significant Growth'

• Canadian utility Emera offers growth and income, with the added benefit of offering foreign income exposure when the US dollar declines.
• Emera trades between 17x and 21x forward earnings and a yield of 4.1%. Based on $2.44 in 2023 EPS, $2.13 in 2023 dividends, EMRAF fair value is $42 and $52.
• I tend to focus on ESG categories of Toxic Waste, Water Stress, and Renewable Energy Opportunities. Emera rates as Average in these three and does not raise any red flags.

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