24,080 Shares in Emera Incorporated $EMRAF Acquired by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC bought a new position in shares of Emera Incorporated (OTCMKTS:EMRAF) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 24,080 shares of the company’s stock, valued at approximately $1,277,000.

Several other institutional investors also recently modified their holdings of the stock. Bank of New York Mellon Corp acquired a new stake in shares of Emera during the 2nd quarter valued at $17,886,000. Alberta Investment Management Corp acquired a new stake in shares of Emera during the second quarter worth $4,389,000. Deutsche Bank AG acquired a new stake in shares of Emera during the second quarter worth $21,459,000. BlackRock Inc. purchased a new stake in shares of Emera during the second quarter valued at $30,445,000. Finally, K.J. Harrison & Partners Inc purchased a new stake in shares of Emera during the second quarter valued at $377,000. Institutional investors own 23.75% of the company’s stock.

Emera Stock Performance

OTCMKTS:EMRAF opened at $45.41 on Friday. The stock has a fifty 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.

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.