Ontario Teachers Pension Plan Board Has Lowered Encana (ECA) Stake By $13.63 Million; Morgan Stanley China A Share Fund (CAF) Sentiment Is 1.91

June 20, 2017 - By Marie Mckinney

The Morgan Stanley China A Share Fund, Inc. is a non-diversified, closed-end management investment company. The company has market cap of $545.25 million. The Fund’s investment objective is to seek capital growth by investing, under normal circumstances, approximately 80% of its assets in A-shares of Chinese companies listed on the Shanghai and Shenzhen Stock Exchanges. It currently has negative earnings. The Fund’s portfolio of investments include in automobiles; banks; beverages; biotechnology; construction materials; electrical equipment; food and staples retailing; food products; health care providers and services; hotels, restaurants and leisure; household durables; power producers and energy traders; insurance; media; multi-line retail; pharmaceuticals; real estate management and development, transportation infrastructure, and road and rail.

Ontario Teachers Pension Plan Board decreased Encana Corp (ECA) stake by 23.45% reported in 2016Q4 SEC filing. Ontario Teachers Pension Plan Board sold 1.24 million shares as Encana Corp (ECA)’s stock declined 8.34%. The Ontario Teachers Pension Plan Board holds 4.05M shares with $47.55M value, down from 5.29 million last quarter. Encana Corp now has $7.93 billion valuation. The stock declined 5.96% or $0.52 reaching $8.21 per share. About 14.02M shares traded or 22.98% up from the average. Encana Corp (USA) (NYSE:ECA) has risen 50.13% since June 20, 2016 and is uptrending. It has outperformed by 33.43% the S&P500.

Analysts await Encana Corp (USA) (NYSE:ECA) to report earnings on July, 20. They expect $0.05 EPS, down 50.00% or $0.05 from last year’s $0.1 per share. ECA’s profit will be $48.29 million for 41.05 P/E if the $0.05 EPS becomes a reality. After $0.11 actual EPS reported by Encana Corp (USA) for the previous quarter, Wall Street now forecasts -54.55% negative EPS growth.

Ontario Teachers Pension Plan Board increased Pulte Group Inc (NYSE:PHM) stake by 1.88 million shares to 2.17 million valued at $39.81 million in 2016Q4. It also upped Synchrony Finl (NYSE:SYF) stake by 269,158 shares and now owns 617,461 shares. Hasbro Inc (NASDAQ:HAS) was raised too.

Among 25 analysts covering Encana Corporation (NYSE:ECA), 17 have Buy rating, 2 Sell and 6 Hold. Therefore 68% are positive. Encana Corporation had 69 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Encana Corp (USA) (NYSE:ECA) has “Outperform” rating given on Tuesday, July 28 by FirstEnergy Capital. BMO Capital Markets upgraded Encana Corp (USA) (NYSE:ECA) on Monday, April 11 to “Outperform” rating. On Monday, October 10 the stock rating was maintained by with “Buy”. The firm has “Accumulate” rating by KLR Group given on Monday, November 28. The rating was maintained by Citigroup on Thursday, April 7 with “Neutral”. Canaccord Genuity maintained Encana Corp (USA) (NYSE:ECA) on Wednesday, April 12 with “Buy” rating. On Tuesday, July 26 the stock rating was upgraded by FirstEnergy Capital to “Market Perform”. Societe Generale downgraded the shares of ECA in report on Friday, October 7 to “Sell” rating. Deutsche Bank maintained it with “” rating and $11 target in Friday, November 13 report. The firm has “Overweight” rating by Barclays Capital given on Tuesday, October 11.

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