Economy

Encana Corporation (ECA) Holdings Increased by Public Sector Pension Investment Board

Encana Corporation (ECA) Holdings Increased by Public Sector Pension Investment Board

Stratos Wealth Partners LTD. lowered its stake in shares of Encana Corporation (NYSE:ECA) (TSE:ECA) by 5.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 460,079 shares of the oil and gas company's stock after buying an additional 37,613 shares during the period. Howard Hughes Medical Institute now holds 133,405 shares valued at $1,174,000.

Encana Corporation (NYSE:ECA) belongs to Basic Materials sector, shares of firm has 20 days moving average price of 0.04% from last close price of 9.78 and act as support or resistance of price limit. As of quarter end Laurion Capital Management Lp had disposed of 1,046,240 shares trimming its position 60.7%. CIBC Asset Management has an ownership of 6,575,705 stocks of the oil and gas firms shares valued $57,790,000 after scooping up an extra 3,131,997 stocks in the previous period. Equity Investment Corp Acquisition Inc boosted its stake in shares of Encana Corporation by 10.7% in the first quarter. The stock attained the volume of 9680763 shares contrast to its average daily volume of 13.20M shares. SG Americas Securities LLC bought a new stake in shares of Encana Corporation during the first quarter valued at $166,000. The value in dollars went from $18,060,000 to $5,973,000 a change of 66.9% since the last quarter. Causeway Capital Management increased its position in Encana Corporation by 95.2% in the Q1. FMR LLC now owns 22,080,449 shares of the oil and gas company's stock valued at $258,686,000 after buying an additional 1,309,218 shares during the last quarter. Viking Global Investors Lp owns $775.64 million in Encana Corporation, which represents roughly 8.34% of the company's market cap and approximately 11.7% of the institutional ownership. Moving toward the technical facts, its current distance from 20-Day Simple Moving Average is -2.53% and standing 2.90% away from 50-Day Simple Moving Average while traded down -13.33% from 200-Day Simple Moving Average.

Encana Corp (NYSE:ECA)'s trailing twelve month revenues are $4.18 Billion, whereas its price to sales ratio for the same period is 2.22.

Press coverage about Encana Corporation (NYSE:ECA) (TSE:ECA) has been trending somewhat positive on Friday, Accern Sentiment reports. The oil and gas company reported $0.18 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.03 by $0.15. However it has a net margin of 19.10%. Over the past five trading sessions it is -0.31%; 10.26% for the month; -13.76% for the last quarter; -17.12% for the past six-months; and 11.64% for the last 12 months. In the latest earnings report the EPS was $0.84 and is projected to be $0.50 for the current year with 973,095,000 shares outstanding.

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The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.015 per share. The ex-dividend date is Thursday, September 14th. Encana Corporation's dividend payout ratio is presently 6.98%.

COPYRIGHT VIOLATION NOTICE: This news story was posted by Markets Daily and is owned by of Markets Daily. If you are reading this news story on another site, it was illegally stolen and reposted in violation of USA and worldwide trademark & copyright legislation. Evercore upgraded the shares of ECA in report on Monday, November 23 to "Buy" rating. Finally, TD Securities upped their price target on Encana Corporation from $11.50 to $12.50 and gave the company a "buy" rating in a research report on Monday, July 24th. Deutsche Bank maintained it with "Buy" rating and $15 target in Thursday, October 6 report. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold.

Encana Corporation is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids producing plays. It also reduced Cabot Oil & Gas Corp (NYSE:COG) stake by 8.99 million shares and now owns 27.01 million shares. All of its reserves and production are located in North America.