ETRADE Capital Management LLC increased its holdings in Enerplus Corporation (NYSE:ERF) (TSE:ERF) by 37.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,721 shares of the oil and natural gas company’s stock after acquiring an additional 5,669 shares during the quarter. ETRADE Capital Management LLC’s holdings in Enerplus were worth $205,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in ERF. Guardian Capital LP purchased a new stake in Enerplus in the second quarter worth $41,357,000. Denver Investment Advisors LLC lifted its stake in Enerplus by 114.7% in the second quarter. Denver Investment Advisors LLC now owns 2,936,157 shares of the oil and natural gas company’s stock worth $23,842,000 after acquiring an additional 1,568,465 shares during the period. Intact Investment Management Inc. lifted its stake in Enerplus by 1,293.4% in the second quarter. Intact Investment Management Inc. now owns 1,248,450 shares of the oil and natural gas company’s stock worth $13,050,000 after acquiring an additional 1,158,850 shares during the period. Greystone Managed Investments Inc. lifted its stake in Enerplus by 36.8% in the third quarter. Greystone Managed Investments Inc. now owns 3,335,883 shares of the oil and natural gas company’s stock worth $32,834,000 after acquiring an additional 896,918 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its stake in Enerplus by 22.1% in the second quarter. UBS Asset Management Americas Inc. now owns 3,279,072 shares of the oil and natural gas company’s stock worth $26,562,000 after acquiring an additional 592,669 shares during the period. 49.73% of the stock is owned by institutional investors.

Shares of Enerplus Corporation (NYSE:ERF) traded up $0.10 during trading on Wednesday, reaching $9.27. The company’s stock had a trading volume of 552,700 shares, compared to its average volume of 1,046,731. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.04 and a quick ratio of 2.04. The stock has a market capitalization of $2,220.32, a price-to-earnings ratio of 14.11 and a beta of 1.33. Enerplus Corporation has a fifty-two week low of $6.52 and a fifty-two week high of $10.33.

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.0079 per share. This represents a $0.09 annualized dividend and a yield of 1.02%. The ex-dividend date is Wednesday, November 29th. Enerplus’s dividend payout ratio is currently 2.77%.

ERF has been the subject of a number of research analyst reports. Zacks Investment Research lowered Enerplus from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. BidaskClub lowered Enerplus from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. ValuEngine raised Enerplus from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Scotiabank reissued a “buy” rating and set a $16.00 price objective on shares of Enerplus in a research report on Tuesday, October 10th. Finally, CIBC initiated coverage on Enerplus in a research report on Wednesday, October 18th. They set a “sector outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. Enerplus currently has a consensus rating of “Buy” and a consensus price target of $14.20.

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About Enerplus

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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Institutional Ownership by Quarter for Enerplus (NYSE:ERF)

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