Canada Pension Plan Investment Board Takes Position in Emera Incorporated $EMRAF

Canada Pension Plan Investment Board acquired a new stake in Emera Incorporated (OTCMKTS:EMRAF) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,937,892 shares of the company’s stock, valued at approximately $208,673,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp acquired a new position in Emera during the second quarter worth about $17,886,000. Alberta Investment Management Corp acquired a new stake in shares of Emera during the 2nd quarter valued at approximately $4,389,000. Deutsche Bank AG purchased a new stake in shares of Emera during the 2nd quarter worth approximately $21,459,000. BlackRock Inc. purchased a new stake in shares of Emera during the 2nd quarter worth approximately $30,445,000. Finally, K.J. Harrison & Partners Inc acquired a new stake in shares of Emera in the 2nd quarter worth approximately $377,000. Hedge funds and other institutional investors own 23.75% of the company’s stock.

Emera Price Performance

OTCMKTS EMRAF opened at $45.41 on Thursday. The business has a 50 day moving average price of $45.41 and a 200 day moving average price of $45.41. Emera Incorporated has a 1-year low of $32.00 and a 1-year 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.