Shares of Emera Incorporated (OTCMKTS:EMRAF – Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $45.41 and traded as low as $44.3507. Emera shares last traded at $45.41, with a volume of 0 shares changing hands.
Emera Stock Performance
The firm has a 50-day simple moving average of $45.41 and a 200-day simple moving average of $45.41.
Institutional Trading of Emera
A hedge fund recently bought a new position in Emera stock. Bank of New York Mellon Corp bought a new position in Emera Incorporated (OTCMKTS:EMRAF – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 337,353 shares of the company’s stock, valued at approximately $17,886,000. 23.75% of the stock is owned by institutional investors and hedge funds.
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.
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