Capstone Investment Advisors LLC Purchases Shares of 24,080 Emera Incorporated $EMRAF

Capstone Investment Advisors LLC purchased a new stake in shares of Emera Incorporated (OTCMKTS:EMRAF) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 24,080 shares of the company’s stock, valued at approximately $1,277,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Virtus Advisers LLC acquired a new stake in Emera in the 2nd quarter valued at approximately $150,000. Hsbc Holdings PLC bought a new stake in Emera during the 2nd quarter valued at $326,000. Corient Private Wealth LP acquired a new position in Emera during the 2nd quarter worth $326,000. K.J. Harrison & Partners Inc acquired a new position in Emera during the 2nd quarter worth $377,000. Finally, Ieq Capital LLC bought a new position in shares of Emera in the second quarter worth $477,000. 23.75% of the stock is currently owned by institutional investors and hedge funds.

Emera Price Performance

Shares of EMRAF opened at $45.41 on Friday. Emera Incorporated has a one year low of $32.00 and a one year high of $46.22. The stock’s fifty day moving average is $45.41 and its 200-day moving average is $45.41.

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.