APG Asset Management N.V. boosted its position in Encana Corporation (NYSE:ECA) (TSE:ECA) by 4.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,191,332 shares of the oil and gas company’s stock after buying an additional 51,700 shares during the period. APG Asset Management N.V. owned 0.12% of Encana Corporation worth $13,593,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Guggenheim Capital LLC boosted its position in shares of Encana Corporation by 40.6% in the fourth quarter. Guggenheim Capital LLC now owns 79,518 shares of the oil and gas company’s stock worth $934,000 after buying an additional 22,960 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Encana Corporation by 13.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 2,748,791 shares of the oil and gas company’s stock worth $32,304,000 after buying an additional 322,370 shares during the last quarter. Rathbone Brothers plc boosted its position in shares of Encana Corporation by 5.3% in the first quarter. Rathbone Brothers plc now owns 28,372 shares of the oil and gas company’s stock worth $331,000 after buying an additional 1,436 shares during the last quarter. Creative Planning boosted its position in shares of Encana Corporation by 194.3% in the first quarter. Creative Planning now owns 139,310 shares of the oil and gas company’s stock worth $1,631,000 after buying an additional 91,977 shares during the last quarter. Finally, Gulf International Bank UK Ltd boosted its position in shares of Encana Corporation by 5.0% in the first quarter. Gulf International Bank UK Ltd now owns 314,267 shares of the oil and gas company’s stock worth $3,676,000 after buying an additional 14,900 shares during the last quarter. 73.08% of the stock is owned by institutional investors.
Encana Corporation (NYSE:ECA) opened at 9.17 on Friday. The firm’s 50-day moving average price is $9.48 and its 200-day moving average price is $10.51. The stock has a market cap of $8.92 billion, a PE ratio of 10.93 and a beta of 2.04. Encana Corporation has a 52 week low of $8.01 and a 52 week high of $13.85.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.015 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.06 dividend on an annualized basis and a yield of 0.65%. Encana Corporation’s dividend payout ratio is currently 6.98%.
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Several research firms have recently weighed in on ECA. Citigroup Inc. reduced their price target on Encana Corporation from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Raymond James Financial, Inc. boosted their price target on Encana Corporation from $14.00 to $15.00 and gave the company a “strong-buy” rating in a research note on Monday, July 24th. Macquarie downgraded Encana Corporation from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 21st. TD Securities upped their price target on Encana Corporation from $11.50 to $12.50 and gave the stock a “buy” rating in a report on Monday, July 24th. Finally, BidaskClub upgraded Encana Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, sixteen have assigned a buy rating and four have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $13.32.
Encana Corporation Company Profile
Encana Corporation is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids (NGLs) producing plays. The Company’s operations also include the marketing of natural gas, oil and NGLs. All of its reserves and production are located in North America.
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