Bluestein R H & Co. reduced its position in Encana Corporation (NYSE:ECA) (TSE:ECA) by 20.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 40,000 shares of the oil and gas company’s stock after selling 10,000 shares during the period. Bluestein R H & Co.’s holdings in Encana Corporation were worth $352,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ECA. Causeway Capital Management LLC lifted its holdings in shares of Encana Corporation by 95.2% in the 1st quarter. Causeway Capital Management LLC now owns 48,768,776 shares of the oil and gas company’s stock valued at $571,082,000 after purchasing an additional 23,779,815 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Encana Corporation by 11,232.3% in the 1st quarter. BlackRock Inc. now owns 21,896,113 shares of the oil and gas company’s stock valued at $256,403,000 after purchasing an additional 21,702,894 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Encana Corporation by 337.3% in the 1st quarter. Wellington Management Group LLP now owns 12,168,568 shares of the oil and gas company’s stock valued at $142,337,000 after purchasing an additional 9,385,795 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Encana Corporation by 90.9% in the 2nd quarter. CIBC Asset Management Inc now owns 6,575,705 shares of the oil and gas company’s stock valued at $57,790,000 after purchasing an additional 3,131,997 shares during the last quarter. Finally, Steadfast Capital Management LP lifted its holdings in shares of Encana Corporation by 12.2% in the 1st quarter. Steadfast Capital Management LP now owns 19,974,573 shares of the oil and gas company’s stock valued at $233,902,000 after purchasing an additional 2,164,300 shares during the last quarter. 66.75% of the stock is owned by institutional investors and hedge funds.

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Several analysts have recently weighed in on ECA shares. BMO Capital Markets reissued a “buy” rating and issued a $12.00 target price on shares of Encana Corporation in a report on Tuesday, June 27th. Royal Bank Of Canada reissued a “buy” rating and issued a $14.00 target price on shares of Encana Corporation in a report on Monday, May 29th. Canaccord Genuity set a $14.00 target price on Encana Corporation and gave the company a “buy” rating in a report on Tuesday, June 20th. GMP Securities reissued a “buy” rating on shares of Encana Corporation in a report on Wednesday, June 14th. Finally, TD Securities raised Encana Corporation from a “hold” rating to a “buy” rating and set a $11.50 target price for the company in a report on Friday, June 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and four have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $13.45.

Encana Corporation (NYSE:ECA) (TSE:ECA) last posted its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.15. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $773.19 million. Encana Corporation had a net margin of 19.09% and a return on equity of 6.25%. During the same quarter last year, the business earned $0.10 earnings per share.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.015 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.06 annualized dividend and a yield of 0.53%. Encana Corporation’s dividend payout ratio (DPR) is 6.98%.

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.

Institutional Ownership by Quarter for Encana Corporation (NYSE:ECA)

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