Jupiter Topco LLC Invests $1.57 Million in Emera Incorporated $EMRAF

Jupiter Topco LLC acquired a new stake in Emera Incorporated (OTCMKTS:EMRAF) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 29,540 shares of the company’s stock, valued at approximately $1,568,000.

Other large investors have also recently bought and sold shares of the company. Greenland Capital Management LP acquired a new stake in shares of Emera in the second quarter worth about $2,562,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Emera in the second quarter worth about $76,167,000. Canada Pension Plan Investment Board acquired a new position in Emera during the 2nd quarter valued at $208,673,000. Deutsche Bank AG bought a new stake in Emera in the 2nd quarter valued at $21,459,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Emera in the 2nd quarter worth $65,258,000. 23.75% of the stock is currently owned by institutional investors.

Emera Stock Performance

OTCMKTS EMRAF opened at $45.41 on Friday. Emera Incorporated has a twelve month low of $32.00 and a twelve month high of $46.22. The firm has a 50-day simple moving average of $45.41 and a 200 day simple moving average of $45.41.

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.