Plato Investment Management Ltd Acquires Shares of 76,833 Enerflex Ltd. (NYSE:EFXT)

Plato Investment Management Ltd acquired a new stake in shares of Enerflex Ltd. (NYSE:EFXT) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 76,833 shares of the company’s stock, valued at approximately $767,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company grew its stake in shares of Enerflex by 3.3% in the third 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 period. Geode Capital Management LLC grew its stake in shares of Enerflex by 11.2% in the third quarter. Geode Capital Management LLC now owns 61,057 shares of the company’s stock worth $364,000 after acquiring an additional 6,158 shares during the period. Avidian Wealth Enterprises LLC grew its stake in shares of Enerflex by 15.0% in the third quarter. Avidian Wealth Enterprises LLC now owns 76,413 shares of the company’s stock worth $455,000 after acquiring an additional 9,975 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in shares of Enerflex in the third quarter worth approximately $65,000. Finally, West Tower Group LLC bought a new stake in shares of Enerflex in the third quarter worth approximately $119,000. 46.47% of the stock is currently owned by institutional investors.

Enerflex Stock Performance

Shares of NYSE EFXT opened at $7.28 on Wednesday. The firm has a 50 day moving average of $9.60 and a 200 day moving average of $8.00. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $903.14 million, a price-to-earnings ratio of -11.55 and a beta of 2.01. Enerflex Ltd. has a 12-month low of $4.59 and a 12-month high of $10.61.

Enerflex Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be given a dividend of $0.026 per share. The ex-dividend date is Monday, March 10th. This represents a $0.10 annualized dividend and a yield of 1.43%. Enerflex’s dividend payout ratio (DPR) is 40.00%.

Analyst Upgrades and Downgrades

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

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.