Public Employees Retirement System of Ohio boosted its stake in Enerplus Corporation (NYSE:ERF) (TSE:ERF) by 16.2% during the first quarter, Holdings Channel reports. The firm owned 23,426 shares of the oil and natural gas company’s stock after buying an additional 3,268 shares during the period. Public Employees Retirement System of Ohio’s holdings in Enerplus Corporation were worth $189,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. UBS Asset Management Americas Inc. raised its stake in shares of Enerplus Corporation by 12.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 372,751 shares of the oil and natural gas company’s stock valued at $3,542,000 after buying an additional 40,643 shares during the period. Bank of Montreal Can raised its stake in shares of Enerplus Corporation by 155.4% in the first quarter. Bank of Montreal Can now owns 2,300,030 shares of the oil and natural gas company’s stock valued at $18,516,000 after buying an additional 1,399,475 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of Enerplus Corporation during the first quarter valued at approximately $158,000. Shell Asset Management Co. raised its stake in shares of Enerplus Corporation by 11.5% in the first quarter. Shell Asset Management Co. now owns 23,200 shares of the oil and natural gas company’s stock valued at $248,000 after buying an additional 2,400 shares during the period. Finally, K.J. Harrison & Partners Inc raised its stake in shares of Enerplus Corporation by 29.7% in the first quarter. K.J. Harrison & Partners Inc now owns 374,301 shares of the oil and natural gas company’s stock valued at $3,009,000 after buying an additional 85,688 shares during the period. 49.17% of the stock is currently owned by institutional investors and hedge funds.

Shares of Enerplus Corporation (NYSE:ERF) traded up 0.93% on Thursday, hitting $8.71. The company had a trading volume of 314,117 shares. The stock has a market cap of $2.11 billion, a PE ratio of 4.07 and a beta of 1.40. Enerplus Corporation has a 12 month low of $5.61 and a 12 month high of $10.33. The company has a 50-day moving average of $8.46 and a 200 day moving average of $8.30.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, July 31st will be issued a dividend of $0.0079 per share. This represents a $0.10 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Thursday, July 27th. Enerplus Corporation’s payout ratio is 4.79%.

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ERF has been the topic of several research analyst reports. Canaccord Genuity reissued a “buy” rating and set a $16.00 price target on shares of Enerplus Corporation in a research note on Monday, May 8th. Zacks Investment Research lowered Enerplus Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. BidaskClub raised Enerplus Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Capital One Financial Corporation initiated coverage on Enerplus Corporation in a research note on Tuesday, July 11th. They set an “overweight” rating and a $13.00 price target on the stock. Finally, ValuEngine raised Enerplus Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Enerplus Corporation currently has a consensus rating of “Buy” and a consensus target price of $13.40.

About Enerplus Corporation

Enerplus Corporation is an oil and natural gas company. The Company’s oil and natural gas property interests are located in the United States, primarily in North Dakota, Montana, and Pennsylvania, as well as in western Canada in the provinces of Alberta, British Columbia and Saskatchewan. The Company’s oil and natural gas property interests contains proved plus probable gross reserves of approximately 14.3 million barrels (MMbbls) of light and medium crude oil, 39.0 MMbbls of heavy crude oil, 123 MMbbls of tight oil, 18.1 MMbbls of natural gas liquids (NGLs), 126.3 billion cubic feet (Bcf) of conventional natural gas and 1,002.8 Bcf of shale gas, for a total of approximately 382.5 million barrels of oil equivalent (MMBOE).

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Institutional Ownership by Quarter for Enerplus Corporation (NYSE:ERF)

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