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Emera Incorporated (TSE:EMA) is a favorite amongst institutional investors who own 52%

Simply Wall St · 5d ago

Key Insights

  • Institutions' substantial holdings in Emera implies that they have significant influence over the company's share price
  • The top 25 shareholders own 41% of the company
  • Insiders have bought recently

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Every investor in Emera Incorporated (TSE:EMA) should be aware of the most powerful shareholder groups. And the group that holds the biggest piece of the pie are institutions with 52% ownership. Put another way, the group faces the maximum upside potential (or downside risk).

Since institutional have access to huge amounts of capital, their market moves tend to receive a lot of scrutiny by retail or individual investors. Therefore, a good portion of institutional money invested in the company is usually a huge vote of confidence on its future.

In the chart below, we zoom in on the different ownership groups of Emera.

Check out our latest analysis for Emera

ownership-breakdown
TSX:EMA Ownership Breakdown January 6th 2026

What Does The Institutional Ownership Tell Us About Emera?

Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

Emera already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Emera, (below). Of course, keep in mind that there are other factors to consider, too.

earnings-and-revenue-growth
TSX:EMA Earnings and Revenue Growth January 6th 2026

Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. Hedge funds don't have many shares in Emera. Fidelity International Ltd is currently the largest shareholder, with 4.4% of shares outstanding. The Vanguard Group, Inc. is the second largest shareholder owning 4.3% of common stock, and Canadian Imperial Bank of Commerce holds about 3.4% of the company stock.

Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder.

Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.

Insider Ownership Of Emera

The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.

I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.

Our most recent data indicates that insiders own less than 1% of Emera Incorporated. Being so large, we would not expect insiders to own a large proportion of the stock. Collectively, they own CA$16m of stock. Arguably recent buying and selling is just as important to consider. You can click here to see if insiders have been buying or selling.

General Public Ownership

The general public, who are usually individual investors, hold a 48% stake in Emera. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.

Next Steps:

It's always worth thinking about the different groups who own shares in a company. But to understand Emera better, we need to consider many other factors. Be aware that Emera is showing 2 warning signs in our investment analysis , and 1 of those is potentially serious...

Ultimately the future is most important. You can access this free report on analyst forecasts for the company.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.