DekaBank Deutsche Girozentrale Has $1.17 Million Stock Position in Encana Corp (NYSE:ECA)

DekaBank Deutsche Girozentrale decreased its stake in Encana Corp (NYSE:ECA) (TSE:ECA) by 64.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 253,782 shares of the oil and gas company’s stock after selling 456,480 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Encana were worth $1,165,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in ECA. SG Americas Securities LLC boosted its stake in Encana by 2.3% during the fourth quarter. SG Americas Securities LLC now owns 26,047 shares of the oil and gas company’s stock worth $122,000 after buying an additional 579 shares in the last quarter. Pratt Collard Advisory Partners LLC boosted its stake in Encana by 0.7% during the fourth quarter. Pratt Collard Advisory Partners LLC now owns 151,675 shares of the oil and gas company’s stock worth $709,000 after buying an additional 1,100 shares in the last quarter. Sigma Planning Corp boosted its stake in Encana by 22.9% during the fourth quarter. Sigma Planning Corp now owns 13,731 shares of the oil and gas company’s stock worth $64,000 after buying an additional 2,563 shares in the last quarter. FTB Advisors Inc. boosted its stake in Encana by 25.1% during the third quarter. FTB Advisors Inc. now owns 17,777 shares of the oil and gas company’s stock worth $81,000 after buying an additional 3,571 shares in the last quarter. Finally, Park National Corp OH boosted its stake in Encana by 37.5% during the fourth quarter. Park National Corp OH now owns 14,329 shares of the oil and gas company’s stock worth $67,000 after buying an additional 3,907 shares in the last quarter. Institutional investors and hedge funds own 73.52% of the company’s stock.

Shares of NYSE ECA opened at $15.89 on Friday. The stock has a market cap of $20.64 billion, a PE ratio of 12.92, a PEG ratio of 0.66 and a beta of 2.04. The business has a fifty day moving average of $8.68 and a two-hundred day moving average of $5.44. Encana Corp has a 52-week low of $3.70 and a 52-week high of $7.70. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.82 and a current ratio of 0.82.

In related news, CFO Corey Douglas Code acquired 10,000 shares of the business’s stock in a transaction on Friday, November 29th. The stock was bought at an average cost of $3.95 per share, with a total value of $39,500.00. Following the completion of the acquisition, the chief financial officer now owns 62,463 shares in the company, valued at $246,728.85. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.11% of the stock is currently owned by company insiders.

A number of equities research analysts have weighed in on the stock. Canaccord Genuity downgraded shares of Encana from a “buy” rating to a “hold” rating and set a $6.20 price target on the stock. in a research note on Tuesday, January 14th. CIBC downgraded shares of Encana from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $5.00 to $4.00 in a research note on Thursday, October 31st. ValuEngine upgraded shares of Encana from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. TD Securities decreased their price target on shares of Encana from $7.00 to $6.50 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Cowen downgraded shares of Encana from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $6.00 to $5.00 in a research note on Friday, January 24th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $6.86.

About Encana

Encana Corporation, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. It holds interests in various assets, including the Montney in northeast British Columbia and northwest Alberta; Duvernay in west central Alberta; and other upstream operations comprising Wheatland in southern Alberta, Horn River in northeast British Columbia, and Deep Panuke located in offshore Nova Scotia in Canada.

Further Reading: What is the market perform rating?

Institutional Ownership by Quarter for Encana (NYSE:ECA)

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