OMERS ADMINISTRATION Corp Makes New Investment in Emera Incorporated $EMRAF

OMERS ADMINISTRATION Corp acquired a new position in Emera Incorporated (OTCMKTS:EMRAF) in the second quarter, HoldingsChannel reports. The firm acquired 15,300 shares of the company’s stock, valued at approximately $811,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Virtus Advisers LLC bought a new position in shares of Emera during the 2nd quarter valued at $150,000. K.J. Harrison & Partners Inc bought a new stake in Emera in the second quarter worth $377,000. Ieq Capital LLC purchased a new position in shares of Emera in the second quarter worth about $477,000. Vise Technologies Inc. bought a new stake in shares of Emera in the 2nd quarter valued at about $507,000. Finally, Quantbot Technologies LP bought a new stake in shares of Emera in the 2nd quarter valued at about $1,167,000. Institutional investors own 23.75% of the company’s stock.

Emera Stock Performance

Shares of EMRAF stock opened at $45.41 on Friday. The business has a 50-day moving average of $45.41 and a 200 day 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.