Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Emera Incorporated (OTCMKTS:EMRAF – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,437,360 shares of the company’s stock, valued at approximately $76,167,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Nova Scotia acquired a new position in Emera during the 2nd quarter worth $175,949,000. BlackRock Inc. acquired a new stake in Emera in the second quarter valued at $30,445,000. Deutsche Bank AG purchased a new stake in Emera during the second quarter worth approximately $21,459,000. Bank of New York Mellon Corp purchased a new stake in shares of Emera during the 2nd quarter worth approximately $17,886,000. Finally, Alberta Investment Management Corp purchased a new position in shares of Emera in the 2nd quarter valued at $4,389,000. 23.75% of the stock is currently owned by hedge funds and other institutional investors.
Emera Stock Performance
Shares of OTCMKTS:EMRAF opened at $45.41 on Monday. Emera Incorporated has a 12 month low of $32.00 and a 12 month high of $46.22. The company’s fifty day moving average price is $45.41 and its 200 day moving average price is $45.41.
Emera Company Profile
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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