Legal & General Group Plc acquired a new position in Emera Incorporated (OTCMKTS:EMRAF – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,652,929 shares of the company’s stock, valued at approximately $193,697,000.
Other institutional investors have also recently bought and sold shares of the company. Cibc World Market Inc. acquired a new position in shares of Emera in the 2nd quarter valued at about $679,743,000. Bank of Nova Scotia acquired a new stake in shares of Emera during the second quarter worth approximately $175,949,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Emera during the second quarter worth approximately $76,167,000. The Manufacturers Life Insurance Company purchased a new position in Emera during the second quarter valued at approximately $65,258,000. Finally, BlackRock Inc. purchased a new position in Emera during the second quarter valued at approximately $30,445,000. 23.75% of the stock is currently owned by institutional investors and hedge funds.
Emera Stock Performance
Emera stock opened at $45.41 on Thursday. The firm’s 50 day moving average price is $45.41 and its two-hundred day moving average price is $45.41. Emera Incorporated has a twelve month low of $32.00 and a twelve month high of $46.22.
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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