Legal & General Group Plc Buys New Shares in Emera Incorporated $EMRAF

Legal & General Group Plc acquired a new position in shares of Emera Incorporated (OTCMKTS:EMRAF) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,652,929 shares of the company’s stock, valued at approximately $193,697,000.

Other hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company purchased a new stake in shares of Emera during the second quarter valued at $65,258,000. Cibc World Market Inc. purchased a new position in Emera in the 2nd quarter worth about $679,743,000. OMERS ADMINISTRATION Corp acquired a new stake in Emera during the 2nd quarter worth about $811,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Emera during the 2nd quarter worth about $76,167,000. Finally, Bank of Nova Scotia purchased a new stake in Emera during the second quarter valued at about $175,949,000. 23.75% of the stock is currently owned by institutional investors and hedge funds.

Emera Stock Performance

Shares of EMRAF opened at $45.41 on Thursday. Emera Incorporated has a one year low of $32.00 and a one year high of $46.22. The company has a 50-day moving average of $45.41 and a two-hundred day moving average of $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.