Cibc World Market Inc. purchased a new stake in shares of Emera Incorporated (OTCMKTS:EMRAF – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,825,938 shares of the company’s stock, valued at approximately $679,743,000. Emera comprises about 1.1% of Cibc World Market Inc.’s portfolio, making the stock its 23rd biggest holding.
Several other hedge funds have also recently made changes to their positions in EMRAF. Bank of New York Mellon Corp bought a new stake in Emera in the second quarter worth approximately $17,886,000. Alberta Investment Management Corp bought a new position in shares of Emera in the second quarter valued at $4,389,000. Deutsche Bank AG acquired a new position in Emera during the 2nd quarter valued at about $21,459,000. BlackRock Inc. purchased a new position in Emera during the 2nd quarter worth $30,445,000. Finally, K.J. Harrison & Partners Inc purchased a new position in shares of Emera in the 2nd quarter worth approximately $377,000. 23.75% of the stock is owned by institutional investors.
Emera Stock Performance
EMRAF opened at $45.41 on Monday. The firm has a 50-day moving average of $45.41 and a 200 day moving average of $45.41. Emera Incorporated has a fifty-two week low of $32.00 and a fifty-two week high of $46.22.
About Emera
Emera Inc is a diversified energy and services holding company headquartered in Halifax, Nova Scotia. Through its subsidiaries and affiliates, Emera is engaged in the generation, transmission and distribution of electricity as well as gas distribution and energy infrastructure development. The company’s core businesses include regulated electric utilities, natural gas distribution, and ownership stakes in offshore wind projects and transmission pipelines.
In Canada, Emera operates Nova Scotia Power, the largest electric utility in the province, delivering electricity to residential, commercial and industrial customers.
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