BMO Capital Maintains Outperform on Emera (EMA) With Positive Florida Electric Utility Performance

Emera Inc. (NYSE:EMA) ranks among the best performing utilities stocks to buy now. While retaining its Outperform rating, BMO Capital increased its price target for Emera Inc. (NYSE:EMA) from C$65 to C$68 on August 11. The update follows Emera’s Q2/25 results report, which BMO Capital stated supports the company’s growth expectations and balance sheet strength.

BMO Capital Maintains Outperform on Emera (EMA) With Positive Florida Electric Utility Performance

According to BMO, Emera’s Florida Electric utility is seeing “supernormal growth” of 39%, while credit indicators are steadily improving toward a target of 12%+ FFO/debt ratio.

Additionally, the firm cited positive regulatory outcomes for Emera Inc. (NYSE:EMA), which conducts about 95% of its business in regulated markets.

Emera Inc. (NYSE:EMA) is an energy and services company that primarily operates electricity and natural gas utilities, natural gas pipelines, energy marketing, and energy services firms.

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Disclosure: None. This article is originally published at Insider Monkey.