Canada Pension Plan Investment Board Invests $208.67 Million in Emera Incorporated $EMRAF

Canada Pension Plan Investment Board acquired a new position in shares of Emera Incorporated (OTCMKTS:EMRAF) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 3,937,892 shares of the company’s stock, valued at approximately $208,673,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Virtus Advisers LLC acquired a new stake in Emera during the 2nd quarter valued at $150,000. K.J. Harrison & Partners Inc acquired a new position in shares of Emera in the second quarter worth $377,000. Ieq Capital LLC purchased a new stake in shares of Emera in the second quarter valued at $477,000. Vise Technologies Inc. purchased a new stake in shares of Emera in the second quarter valued at $507,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Emera during the second quarter valued at $811,000. Hedge funds and other institutional investors own 23.75% of the company’s stock.

Emera Price Performance

EMRAF opened at $45.41 on Thursday. The business’s fifty day simple moving average is $45.41 and its 200 day simple moving average is $45.41. Emera Incorporated has a 52 week low of $32.00 and a 52 week 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.