First Dallas Securities Inc. purchased a new stake in shares of EnLink Midstream Partners LP (NYSE:ENLK) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,106 shares of the oil and gas producer’s stock, valued at approximately $109,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. California Public Employees Retirement System boosted its holdings in EnLink Midstream Partners by 8.5% in the third quarter. California Public Employees Retirement System now owns 170,772 shares of the oil and gas producer’s stock worth $2,862,000 after acquiring an additional 13,372 shares in the last quarter. Keybank National Association OH bought a new stake in EnLink Midstream Partners in the third quarter worth $283,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in EnLink Midstream Partners by 6.6% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,780,832 shares of the oil and gas producer’s stock worth $46,607,000 after acquiring an additional 171,478 shares in the last quarter. Institutional & Family Asset Management LLC bought a new stake in EnLink Midstream Partners in the third quarter worth $858,000. Finally, Tortoise Capital Advisors L.L.C. boosted its holdings in EnLink Midstream Partners by 1.7% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 8,280,784 shares of the oil and gas producer’s stock worth $138,786,000 after acquiring an additional 138,181 shares in the last quarter. Institutional investors own 41.63% of the company’s stock.
EnLink Midstream Partners LP (NYSE:ENLK) opened at $16.55 on Tuesday. EnLink Midstream Partners LP has a one year low of $14.43 and a one year high of $19.59. The company has a quick ratio of 0.77, a current ratio of 0.85 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $5,559.71, a price-to-earnings ratio of -71.95 and a beta of 2.08.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 13th. Stockholders of record on Wednesday, January 31st will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 9.43%. The ex-dividend date is Tuesday, January 30th. EnLink Midstream Partners’s dividend payout ratio is currently -678.23%.
Several research firms have commented on ENLK. Robert W. Baird set a $20.00 target price on EnLink Midstream Partners and gave the stock a “buy” rating in a report on Monday. Zacks Investment Research downgraded EnLink Midstream Partners from a “hold” rating to a “sell” rating in a report on Monday. Bank of America boosted their target price on EnLink Midstream Partners from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. ValuEngine downgraded EnLink Midstream Partners from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, Credit Suisse Group began coverage on EnLink Midstream Partners in a report on Friday, January 5th. They issued a “neutral” rating and a $16.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $18.33.
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About EnLink Midstream Partners
EnLink Midstream Partners, LP is a midstream company. The Company’s business activities are conducted through its subsidiary, EnLink Midstream Operating, LP (the Operating Partnership) and the subsidiaries of the Operating Partnership. The Company operates through five segments: Texas, Oklahoma, Louisiana, Crude and Condensate, and Corporate.
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