Greenland Capital Management LP Invests $2.56 Million in Emera Incorporated $EMRAF

Greenland Capital Management LP bought a new stake in shares of Emera Incorporated (OTCMKTS:EMRAF) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 48,310 shares of the company’s stock, valued at approximately $2,562,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of Emera in the second quarter worth $30,445,000. Deutsche Bank AG bought a new position in shares of Emera during the second quarter worth $21,459,000. Bank of New York Mellon Corp purchased a new position in Emera during the second quarter valued at $17,886,000. Alberta Investment Management Corp purchased a new position in Emera during the second quarter valued at $4,389,000. Finally, Tacita Capital Inc bought a new stake in Emera in the 2nd quarter valued at $3,022,000. 23.75% of the stock is owned by hedge funds and other institutional investors.

Emera Stock Performance

Shares of EMRAF stock opened at $45.41 on Friday. Emera Incorporated has a 52 week low of $32.00 and a 52 week high of $46.22. The company’s fifty day simple moving average is $45.41 and its two-hundred day simple moving average is $45.41.

Emera Company 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.