Northwest & Ethical Investments L.P. Grows Stake in Enerflex Ltd. (NYSE:EFXT)

Northwest & Ethical Investments L.P. raised its stake in Enerflex Ltd. (NYSE:EFXT) by 64.3% during the fourth quarter, Holdings Channel reports. The fund owned 199,623 shares of the company’s stock after buying an additional 78,123 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Enerflex were worth $1,984,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Canoe Financial LP boosted its stake in Enerflex by 10.2% in the fourth quarter. Canoe Financial LP now owns 8,276,972 shares of the company’s stock valued at $82,342,000 after acquiring an additional 768,210 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Enerflex in the fourth quarter valued at about $43,935,000. Taconic Capital Advisors LP boosted its stake in Enerflex by 35.6% in the third quarter. Taconic Capital Advisors LP now owns 1,771,800 shares of the company’s stock valued at $10,559,000 after acquiring an additional 465,000 shares during the last quarter. Bank of Montreal Can boosted its stake in Enerflex by 5.0% in the third quarter. Bank of Montreal Can now owns 488,275 shares of the company’s stock valued at $2,895,000 after acquiring an additional 23,362 shares during the last quarter. Finally, K.J. Harrison & Partners Inc boosted its stake in Enerflex by 100.4% in the fourth quarter. K.J. Harrison & Partners Inc now owns 471,919 shares of the company’s stock valued at $4,795,000 after acquiring an additional 236,419 shares during the last quarter. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Enerflex Stock Down 1.0 %

EFXT opened at $7.57 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The stock has a market cap of $939.14 million, a price-to-earnings ratio of -12.01 and a beta of 2.12. Enerflex Ltd. has a twelve month low of $4.60 and a twelve month high of $10.61. The company’s 50-day moving average price is $8.85 and its two-hundred day moving average price is $8.12.

Enerflex Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a $0.026 dividend. This represents a $0.10 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Monday, March 10th. Enerflex’s dividend payout ratio (DPR) is currently 40.00%.

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.