Deutsche Bank AG bought a new position in shares of Emera Incorporated (OTCMKTS:EMRAF – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 404,741 shares of the company’s stock, valued at approximately $21,459,000.
Separately, Bank of New York Mellon Corp bought a new position in shares of Emera in the second quarter valued at about $17,886,000. 23.75% of the stock is currently owned by institutional investors and hedge funds.
Emera Stock Performance
Shares of EMRAF stock opened at $45.41 on Friday. The firm has a 50 day moving average price of $45.41 and a two-hundred day moving average price of $45.41. Emera Incorporated has a 12-month low of $32.00 and a 12-month high of $46.22.
Emera 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.
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