Deutsche Bank AG Takes $21.46 Million Position in Emera Incorporated $EMRAF

Deutsche Bank AG bought a new stake in Emera Incorporated (OTCMKTS:EMRAF) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 404,741 shares of the company’s stock, valued at approximately $21,459,000.

Separately, Bank of New York Mellon Corp bought a new stake in Emera during the second quarter worth $17,886,000. 23.75% of the stock is owned by institutional investors and hedge funds.

Emera Stock Performance

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

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.