EnLink Midstream Partners LP (ENLK) Position Trimmed by Dividend Assets Capital LLC

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Dividend Assets Capital LLC trimmed its holdings in shares of EnLink Midstream Partners LP (NYSE:ENLK) by 13.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 497,030 shares of the oil and gas producer’s stock after selling 77,425 shares during the period. EnLink Midstream Partners makes up about 1.2% of Dividend Assets Capital LLC’s holdings, making the stock its 24th biggest position. Dividend Assets Capital LLC owned approximately 0.14% of EnLink Midstream Partners worth $9,265,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. LVW Advisors LLC acquired a new position in EnLink Midstream Partners in the 3rd quarter worth about $223,000. Wells Fargo & Company MN increased its position in EnLink Midstream Partners by 525.0% in the 3rd quarter. Wells Fargo & Company MN now owns 997,695 shares of the oil and gas producer’s stock worth $18,597,000 after purchasing an additional 838,065 shares during the last quarter. US Bancorp DE increased its position in EnLink Midstream Partners by 271.1% in the 3rd quarter. US Bancorp DE now owns 9,779 shares of the oil and gas producer’s stock worth $182,000 after purchasing an additional 7,144 shares during the last quarter. Perella Weinberg Partners Capital Management LP increased its position in EnLink Midstream Partners by 290.6% in the 3rd quarter. Perella Weinberg Partners Capital Management LP now owns 270,477 shares of the oil and gas producer’s stock worth $5,109,000 after purchasing an additional 201,224 shares during the last quarter. Finally, Ballentine Partners LLC increased its position in EnLink Midstream Partners by 79.0% in the 3rd quarter. Ballentine Partners LLC now owns 98,132 shares of the oil and gas producer’s stock worth $1,829,000 after purchasing an additional 43,309 shares during the last quarter. 41.67% of the stock is currently owned by institutional investors.

In related news, major shareholder Goldman Sachs Group Inc acquired 16,700 shares of the stock in a transaction dated Friday, October 19th. The shares were acquired at an average price of $18.26 per share, with a total value of $304,942.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

ENLK has been the topic of several research reports. US Capital Advisors reaffirmed a “hold” rating on shares of EnLink Midstream Partners in a research report on Tuesday, July 17th. ValuEngine raised EnLink Midstream Partners from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. Credit Suisse Group raised EnLink Midstream Partners from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $17.00 to $18.00 in a research report on Tuesday, October 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $19.00 target price on shares of EnLink Midstream Partners in a research report on Tuesday, October 23rd. Finally, B. Riley set a $17.00 target price on EnLink Midstream Partners and gave the stock a “hold” rating in a research report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $17.79.

Shares of NYSE ENLK opened at $14.63 on Wednesday. The company has a current ratio of 0.72, a quick ratio of 0.64 and a debt-to-equity ratio of 1.05. The stock has a market cap of $5.14 billion, a PE ratio of 487.67 and a beta of 2.13. EnLink Midstream Partners LP has a 52 week low of $12.75 and a 52 week high of $19.45.

EnLink Midstream Partners (NYSE:ENLK) last issued its quarterly earnings data on Tuesday, November 6th. The oil and gas producer reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.11). The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $1.86 billion. EnLink Midstream Partners had a net margin of 3.89% and a return on equity of 6.41%. The business’s revenue was up 51.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.02) EPS. Research analysts expect that EnLink Midstream Partners LP will post 0.45 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 13th. Stockholders of record on Monday, October 29th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.66%. The ex-dividend date of this dividend is Friday, October 26th. EnLink Midstream Partners’s dividend payout ratio is 5,200.00%.

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About EnLink Midstream Partners

EnLink Midstream Partners, LP, through its subsidiary, EnLink Midstream Operating, LP, provides midstream energy services. It operates through Texas, Oklahoma, Louisiana, Crude and Condensate, and Corporate segments. The company provides gathering, transmission, processing, fractionation, storage, condensate stabilization, brine, and marketing services to producers of natural gas, natural gas liquids (NGL), crude oil, and condensate.

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Institutional Ownership by Quarter for EnLink Midstream Partners (NYSE:ENLK)

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