Enerplus Corp (ERF) Shares Sold by Northern Trust Corp
Northern Trust Corp cut its holdings in Enerplus Corp (NYSE:ERF) (TSE:ERF) by 6.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 615,334 shares of the oil and natural gas company’s stock after selling 39,285 shares during the quarter. Northern Trust Corp’s holdings in Enerplus were worth $4,775,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of ERF. TD Asset Management Inc. grew its position in shares of Enerplus by 23.7% in the 4th quarter. TD Asset Management Inc. now owns 4,701,332 shares of the oil and natural gas company’s stock valued at $36,556,000 after purchasing an additional 902,108 shares during the period. Marshall Wace LLP acquired a new position in Enerplus during the 3rd quarter worth approximately $3,437,000. Vanguard Group Inc boosted its position in Enerplus by 4.8% during the 3rd quarter. Vanguard Group Inc now owns 6,013,637 shares of the oil and natural gas company’s stock worth $74,208,000 after acquiring an additional 276,520 shares during the last quarter. Vanguard Group Inc. boosted its position in Enerplus by 4.8% during the 3rd quarter. Vanguard Group Inc. now owns 6,013,637 shares of the oil and natural gas company’s stock worth $74,208,000 after acquiring an additional 276,520 shares during the last quarter. Finally, Addenda Capital Inc. boosted its position in Enerplus by 51.2% during the 4th quarter. Addenda Capital Inc. now owns 806,035 shares of the oil and natural gas company’s stock worth $6,273,000 after acquiring an additional 273,070 shares during the last quarter. Institutional investors and hedge funds own 57.52% of the company’s stock.
ERF has been the subject of a number of recent research reports. Zacks Investment Research raised Enerplus from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th. ValuEngine downgraded Enerplus from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 24th. Canaccord Genuity reaffirmed a “buy” rating and set a $18.00 price target on shares of Enerplus in a research report on Tuesday, April 9th. Finally, TheStreet raised Enerplus from a “d+” rating to a “c+” rating in a research report on Monday, February 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $18.13.
Enerplus (NYSE:ERF) (TSE:ERF) last released its quarterly earnings results on Friday, February 22nd. The oil and natural gas company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. Enerplus had a return on equity of 12.78% and a net margin of 32.58%. The firm had revenue of $247.23 million during the quarter, compared to the consensus estimate of $248.00 million. During the same quarter in the prior year, the firm posted $0.06 EPS. On average, sell-side analysts forecast that Enerplus Corp will post 1.04 earnings per share for the current fiscal year.
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.0075 per share. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Monday, April 29th. Enerplus’s dividend payout ratio is currently 8.26%.
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Enerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. The company's oil and natural gas properties are located primarily in North Dakota, Montana, Colorado, and Pennsylvania; and Alberta, British Columbia, and Saskatchewan.
Further Reading: Market Capitalization and Individual Investors
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