Geode Capital Management LLC Buys 6,158 Shares of Enerflex Ltd. (NYSE:EFXT)

Geode Capital Management LLC increased its position in Enerflex Ltd. (NYSE:EFXT) by 11.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,057 shares of the company’s stock after purchasing an additional 6,158 shares during the quarter. Geode Capital Management LLC’s holdings in Enerflex were worth $364,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. TD Asset Management Inc grew its holdings in Enerflex by 1.9% during the 2nd quarter. TD Asset Management Inc now owns 152,701 shares of the company’s stock worth $824,000 after acquiring an additional 2,789 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Enerflex by 3.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 184,952 shares of the company’s stock worth $1,103,000 after acquiring an additional 5,864 shares during the last quarter. Avidian Wealth Enterprises LLC grew its holdings in shares of Enerflex by 15.0% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 76,413 shares of the company’s stock valued at $455,000 after buying an additional 9,975 shares during the period. Acadian Asset Management LLC grew its stake in Enerflex by 17,674.4% in the second quarter. Acadian Asset Management LLC now owns 15,286 shares of the company’s stock valued at $81,000 after acquiring an additional 15,200 shares during the period. Finally, West Tower Group LLC acquired a new position in shares of Enerflex in the 3rd quarter valued at approximately $119,000. 46.47% of the stock is owned by institutional investors.

Enerflex Stock Down 5.0 %

EFXT stock opened at $9.79 on Monday. 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 stock has a market capitalization of $1.21 billion, a P/E ratio of -15.54 and a beta of 2.04. Enerflex Ltd. has a fifty-two week low of $4.34 and a fifty-two week high of $10.52. The business has a 50-day moving average of $9.15 and a 200-day moving average of $6.99.

Enerflex Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.0268 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.11 dividend on an annualized basis and a yield of 1.09%. This is an increase from Enerflex’s previous quarterly dividend of $0.02. Enerflex’s dividend payout ratio is -17.46%.

Analyst Ratings Changes

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

Enerflex Company 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.