1,232,687 Shares in Emera Incorporated $EMRAF Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new stake in shares of Emera Incorporated (OTCMKTS:EMRAF) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 1,232,687 shares of the company’s stock, valued at approximately $65,258,000.

Several other large investors have also recently made changes to their positions in the business. Virtus Advisers LLC bought a new stake in Emera during the 2nd quarter valued at $150,000. K.J. Harrison & Partners Inc purchased a new stake in Emera during the 2nd quarter valued at $377,000. Ieq Capital LLC bought a new stake in Emera in the 2nd quarter worth approximately $477,000. Vise Technologies Inc. purchased a new stake in Emera during the second quarter valued at approximately $507,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in Emera during the second quarter valued at approximately $811,000. 23.75% of the stock is owned by hedge funds and other institutional investors.

Emera Stock Performance

Shares of OTCMKTS:EMRAF opened at $45.41 on Wednesday. The firm has a fifty day moving average price of $45.41 and a 200 day moving average price of $45.41. Emera Incorporated has a fifty-two week low of $32.00 and a fifty-two week 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.