Public Employees Retirement System of Ohio Invests $1.30 Million in Emera Incorporated $EMRAF

Public Employees Retirement System of Ohio acquired a new stake in Emera Incorporated (OTCMKTS:EMRAF) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 24,503 shares of the company’s stock, valued at approximately $1,299,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cibc World Market Inc. acquired a new stake in Emera in the second quarter valued at $679,743,000. Canada Pension Plan Investment Board bought a new stake in shares of Emera in the 2nd quarter valued at about $208,673,000. Legal & General Group Plc acquired a new stake in Emera in the 2nd quarter valued at about $193,697,000. Bank of Nova Scotia bought a new position in Emera during the second quarter worth about $175,949,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Emera in the second quarter valued at approximately $76,167,000. 23.75% of the stock is owned by institutional investors.

Emera Stock Performance

Shares of OTCMKTS EMRAF opened at $45.41 on Wednesday. Emera Incorporated has a 12 month low of $32.00 and a 12 month high of $46.22. The stock has a 50 day moving average of $45.41 and a 200-day moving average of $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.