The Manufacturers Life Insurance Company Buys New Position in Emera Incorporated $EMRAF

The Manufacturers Life Insurance Company purchased a new position in Emera Incorporated (OTCMKTS:EMRAF) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,232,687 shares of the company’s stock, valued at approximately $65,258,000.

Several other institutional investors and hedge funds have also made changes to their positions in EMRAF. Cibc World Market Inc. acquired a new stake in shares of Emera in the 2nd quarter worth $679,743,000. Bank of Nova Scotia purchased a new position in Emera during the second quarter worth about $175,949,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Emera in the 2nd quarter valued at about $76,167,000. BlackRock Inc. acquired a new position in Emera in the 2nd quarter valued at about $30,445,000. Finally, Deutsche Bank AG purchased a new stake in shares of Emera in the 2nd quarter valued at approximately $21,459,000. 23.75% of the stock is currently owned by institutional investors and hedge funds.

Emera Price Performance

Emera stock opened at $45.41 on Wednesday. The firm has a 50 day simple moving average of $45.41 and a 200-day simple moving average of $45.41. Emera Incorporated has a 1-year low of $32.00 and a 1-year high of $46.22.

Emera 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.