Canoe Financial LP Purchases 768,210 Shares of Enerflex Ltd. (NYSE:EFXT)

Canoe Financial LP boosted its position in shares of Enerflex Ltd. (NYSE:EFXT) by 10.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,276,972 shares of the company’s stock after purchasing an additional 768,210 shares during the quarter. Canoe Financial LP owned about 6.67% of Enerflex worth $82,342,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. 1832 Asset Management L.P. lifted its position in shares of Enerflex by 16.1% in the 2nd quarter. 1832 Asset Management L.P. now owns 10,336,900 shares of the company’s stock worth $55,819,000 after purchasing an additional 1,435,900 shares during the period. Mackenzie Financial Corp raised its stake in Enerflex by 57.9% in the second quarter. Mackenzie Financial Corp now owns 4,380,143 shares of the company’s stock worth $23,631,000 after buying an additional 1,606,236 shares in the last quarter. Taconic Capital Advisors LP lifted its holdings in Enerflex by 35.6% during the third quarter. Taconic Capital Advisors LP now owns 1,771,800 shares of the company’s stock worth $10,559,000 after buying an additional 465,000 shares during the period. PCJ Investment Counsel Ltd. boosted its position in Enerflex by 14.1% during the 3rd quarter. PCJ Investment Counsel Ltd. now owns 1,237,750 shares of the company’s stock valued at $7,376,000 after acquiring an additional 152,990 shares in the last quarter. Finally, Scheer Rowlett & Associates Investment Management Ltd. increased its holdings in shares of Enerflex by 3.0% in the 3rd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,036,274 shares of the company’s stock valued at $6,175,000 after acquiring an additional 29,830 shares during the period. 46.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Royal Bank of Canada upped their price objective on Enerflex from $9.00 to $12.00 and gave the stock an “outperform” rating in a research note on Friday, November 15th.

Enerflex Stock Performance

NYSE:EFXT opened at $10.43 on Friday. Enerflex Ltd. has a 52 week low of $4.59 and a 52 week high of $10.52. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.88. The firm has a 50 day moving average of $9.46 and a 200 day moving average of $7.15.

Enerflex Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Tuesday, November 26th were given a $0.0268 dividend. This is a boost from Enerflex’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 1.03%. Enerflex’s dividend payout ratio (DPR) is presently -19.05%.

Enerflex Profile

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.