Greenland Capital Management LP purchased a new stake in Emera Incorporated (OTCMKTS:EMRAF – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 48,310 shares of the company’s stock, valued at approximately $2,562,000.
Other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in Emera in the 2nd quarter worth $1,167,000. Ieq Capital LLC purchased a new position in shares of Emera during the second quarter valued at about $477,000. Virtus Advisers LLC bought a new position in Emera in the second quarter worth about $150,000. Vise Technologies Inc. bought a new position in Emera in the second quarter worth about $507,000. Finally, Tacita Capital Inc bought a new position in Emera in the second quarter worth about $3,022,000. 23.75% of the stock is currently owned by institutional investors.
Emera Price Performance
Emera stock opened at $45.41 on Friday. Emera Incorporated has a fifty-two week low of $32.00 and a fifty-two week high of $46.22. The stock’s 50 day simple moving average is $45.41 and its two-hundred day simple moving average is $45.41.
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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