Enerplus Corporation (ERF) Shares Sold by First Trust Advisors LP
First Trust Advisors LP decreased its stake in shares of Enerplus Corporation (NYSE:ERF) (TSE:ERF) by 15.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 135,567 shares of the oil and natural gas company’s stock after selling 24,904 shares during the period. First Trust Advisors LP owned approximately 0.06% of Enerplus worth $1,338,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Boston Advisors LLC grew its stake in shares of Enerplus by 26.6% in the 3rd quarter. Boston Advisors LLC now owns 565,760 shares of the oil and natural gas company’s stock worth $5,584,000 after purchasing an additional 119,020 shares during the last quarter. Nationwide Fund Advisors acquired a new position in shares of Enerplus in the 3rd quarter worth approximately $288,000. Shell Asset Management Co. grew its stake in shares of Enerplus by 161.7% in the 3rd quarter. Shell Asset Management Co. now owns 60,716 shares of the oil and natural gas company’s stock worth $1,291,000 after purchasing an additional 37,516 shares during the last quarter. Cetera Investment Advisers acquired a new position in shares of Enerplus in the 2nd quarter worth approximately $2,628,000. Finally, Scotia Capital Inc. grew its stake in shares of Enerplus by 129.1% in the 2nd quarter. Scotia Capital Inc. now owns 154,269 shares of the oil and natural gas company’s stock worth $1,244,000 after purchasing an additional 86,925 shares during the last quarter. 49.74% of the stock is currently owned by hedge funds and other institutional investors.
ERF has been the topic of several recent research reports. Zacks Investment Research raised shares of Enerplus from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Monday, November 13th. Scotiabank reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Enerplus in a research note on Tuesday, October 10th. Canaccord Genuity reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Enerplus in a research note on Thursday, November 9th. CIBC initiated coverage on shares of Enerplus in a research note on Wednesday, October 18th. They issued a “sector outperform” rating on the stock. Finally, ValuEngine raised shares of Enerplus from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $14.20.
The company also recently announced a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a $0.0079 dividend. This represents a $0.09 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Wednesday, November 29th. Enerplus’s payout ratio is 2.77%.
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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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