Enerflex Ltd. (NYSE:EFXT) Shares Bought by Canoe Financial LP

Canoe Financial LP raised its stake in shares of Enerflex Ltd. (NYSE:EFXT) by 10.2% during the fourth quarter, HoldingsChannel reports. 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 approximately 0.07% of Enerflex worth $82,342,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Enerflex during the third quarter valued at $65,000. Acadian Asset Management LLC grew its stake in Enerflex by 17,674.4% during the 2nd quarter. Acadian Asset Management LLC now owns 15,286 shares of the company’s stock valued at $81,000 after purchasing an additional 15,200 shares during the last quarter. West Tower Group LLC purchased a new stake in Enerflex during the 3rd quarter valued at about $119,000. Net Worth Advisory Group acquired a new position in shares of Enerflex in the third quarter valued at about $146,000. Finally, Barclays PLC raised its stake in shares of Enerflex by 2,616,800.0% in the third quarter. Barclays PLC now owns 26,169 shares of the company’s stock worth $156,000 after purchasing an additional 26,168 shares during the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.

Analyst Upgrades and Downgrades

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

Enerflex Price Performance

NYSE EFXT opened at $10.43 on Friday. Enerflex Ltd. has a 1 year low of $4.59 and a 1 year high of $10.52. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 1.19. The company has a fifty day moving average of $9.46 and a 200 day moving average of $7.15.

Enerflex Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Tuesday, November 26th were paid a $0.0268 dividend. This is an increase from Enerflex’s previous quarterly dividend of $0.02. The ex-dividend date 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 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.