Dynamic Technology Lab Private Ltd boosted its holdings in shares of Encana Corporation (NYSE:ECA) (TSE:ECA) by 183.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,057 shares of the oil and gas company’s stock after buying an additional 58,289 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Encana Corporation were worth $1,060,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Wetherby Asset Management Inc. boosted its stake in shares of 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 acquiring an additional 497 shares in the last quarter. Equity Investment Corp Acquisition Inc boosted its stake in shares of 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 acquiring an additional 666 shares in the last quarter. D.A. Davidson & CO. boosted 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 valued at $396,000 after purchasing an additional 939 shares during the period. Blair William & Co. IL boosted its stake in Encana Corporation by 2.5% during the 2nd quarter. Blair William & Co. IL now owns 45,472 shares of the oil and gas company’s stock valued at $400,000 after purchasing an additional 1,115 shares during the period. Finally, First Allied Advisory Services Inc. boosted its stake in Encana Corporation by 13.3% during the 2nd quarter. First Allied Advisory Services Inc. now owns 13,351 shares of the oil and gas company’s stock valued at $119,000 after purchasing an additional 1,567 shares during the period. 67.71% of the stock is currently owned by institutional investors.

A number of brokerages have commented on ECA. Raymond James Financial, Inc. raised their price objective on Encana Corporation from $14.00 to $15.00 and gave the stock a “strong-buy” rating in a research report on Monday, July 24th. BidaskClub downgraded Encana Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Barclays PLC raised their price objective on Encana Corporation from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Monday. Zacks Investment Research upgraded Encana Corporation from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Thursday, July 27th. Finally, Desjardins reiterated a “hold” rating and issued a $13.50 price objective on shares of Encana Corporation in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fifteen have assigned a buy rating and four have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $14.43.

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Encana Corporation (NYSE ECA) traded down $0.22 during trading hours on Tuesday, hitting $11.63. The stock had a trading volume of 4,197,600 shares, compared to its average volume of 11,997,749. Encana Corporation has a 1-year low of $8.01 and a 1-year high of $13.85. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.61 and a quick ratio of 1.61. The company has a market cap of $11,530.00, a price-to-earnings ratio of 29.63, a P/E/G ratio of 3.43 and a beta of 2.17.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.015 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.06 annualized dividend and a dividend yield of 0.52%. Encana Corporation’s dividend payout ratio is currently 7.50%.

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

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