Advisor Group Inc. Boosts Position in Encana Corporation (ECA)

Advisor Group Inc. increased its holdings in shares of Encana Corporation (NYSE:ECA) (TSE:ECA) by 28.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,067 shares of the oil and gas company’s stock after purchasing an additional 9,663 shares during the quarter. Advisor Group Inc.’s holdings in Encana Corporation were worth $380,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. increased its stake in Encana Corporation by 0.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 19,898 shares of the oil and gas company’s stock worth $233,000 after purchasing an additional 124 shares in the last quarter. Sentinel Trust Co. LBA increased its stake in Encana Corporation by 0.3% during the 2nd quarter. Sentinel Trust Co. LBA now owns 186,720 shares of the oil and gas company’s stock worth $1,644,000 after purchasing an additional 490 shares in the last quarter. Wetherby Asset Management Inc. increased its stake in Encana Corporation by 2.1% during the 2nd quarter. Wetherby Asset Management Inc. now owns 24,141 shares of the oil and gas company’s stock worth $212,000 after purchasing an additional 497 shares in the last quarter. Equity Investment Corp Acquisition Inc increased its stake in Encana Corporation by 5.4% during the 2nd quarter. Equity Investment Corp Acquisition Inc now owns 12,996 shares of the oil and gas company’s stock worth $114,000 after purchasing an additional 666 shares in the last quarter. Finally, D.A. Davidson & CO. increased its stake in Encana Corporation by 2.1% during the 2nd quarter. D.A. Davidson & CO. now owns 45,097 shares of the oil and gas company’s stock worth $396,000 after purchasing an additional 939 shares in the last quarter. 66.76% of the stock is owned by institutional investors and hedge funds.

Shares of Encana Corporation (ECA) opened at 11.37 on Wednesday. The firm has a market cap of $11.06 billion, a P/E ratio of 13.55 and a beta of 2.12. The firm’s 50-day moving average price is $10.40 and its 200 day moving average price is $10.18. Encana Corporation has a one year low of $8.01 and a one year high of $13.85.

Encana Corporation (NYSE:ECA) (TSE:ECA) last announced its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.15. Encana Corporation had a return on equity of 6.25% and a net margin of 19.09%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $773.19 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. Analysts predict that Encana Corporation will post $0.50 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.015 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.06 annualized dividend and a yield of 0.53%. Encana Corporation’s dividend payout ratio (DPR) is currently 6.98%.

Several equities analysts have recently weighed in on ECA shares. Scotiabank raised shares of Encana Corporation from an “underperform” rating to a “sector perform” rating and set a $11.00 price target for the company in a research note on Friday, June 30th. BidaskClub raised shares of Encana Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. TD Securities reaffirmed a “buy” rating and set a $12.50 price target on shares of Encana Corporation in a research note on Sunday, October 1st. Royal Bank Of Canada cut shares of Encana Corporation to a “hold” rating in a research note on Wednesday, July 5th. Finally, Raymond James Financial, Inc. raised shares of Encana Corporation from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, July 5th. One investment analyst has rated the stock wit

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. increased its stake in Encana Corporation by 0.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 19,898 shares of the oil and gas company’s stock worth $233,000 after purchasing an additional 124 shares in the last quarter. Sentinel Trust Co. LBA increased its stake in Encana Corporation by 0.3% during the 2nd quarter. Sentinel Trust Co. LBA now owns 186,720 shares of the oil and gas company’s stock worth $1,644,000 after purchasing an additional 490 shares in the last quarter. Wetherby Asset Management Inc. increased its stake in Encana Corporation by 2.1% during the 2nd quarter. Wetherby Asset Management Inc. now owns 24,141 shares of the oil and gas company’s stock worth $212,000 after purchasing an additional 497 shares in the last quarter. Equity Investment Corp Acquisition Inc increased its stake in Encana Corporation by 5.4% during the 2nd quarter. Equity Investment Corp Acquisition Inc now owns 12,996 shares of the oil and gas company’s stock worth $114,000 after purchasing an additional 666 shares in the last quarter. Finally, D.A. Davidson & CO. increased its stake in Encana Corporation by 2.1% during the 2nd quarter. D.A. Davidson & CO. now owns 45,097 shares of the oil and gas company’s stock worth $396,000 after purchasing an additional 939 shares in the last quarter. 66.76% of the stock is owned by institutional investors and hedge funds.

Shares of Encana Corporation (ECA) opened at 11.37 on Wednesday. The firm has a market cap of $11.06 billion, a P/E ratio of 13.55 and a beta of 2.12. The firm’s 50-day moving average price is $10.40 and its 200 day moving average price is $10.18. Encana Corporation has a one year low of $8.01 and a one year high of $13.85.

Encana Corporation (NYSE:ECA) (TSE:ECA) last announced its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.15. Encana Corporation had a return on equity of 6.25% and a net margin of 19.09%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $773.19 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. Analysts predict that Encana Corporation will post $0.50 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.015 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.06 annualized dividend and a yield of 0.53%. Encana Corporation’s dividend payout ratio (DPR) is currently 6.98%.

Several equities analysts have recently weighed in on ECA shares. Scotiabank raised shares of Encana Corporation from an “underperform” rating to a “sector perform” rating and set a $11.00 price target for the company in a research note on Friday, June 30th. BidaskClub raised shares of Encana Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. TD Securities reaffirmed a “buy” rating and set a $12.50 price target on shares of Encana Corporation in a research note on Sunday, October 1st. Royal Bank Of Canada cut shares of Encana Corporation to a “hold” rating in a research note on Wednesday, July 5th. Finally, Raymond James Financial, Inc. raised shares of Encana Corporation from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have assigned a buy rating and four have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $13.43.

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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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